Led by Bitcoin, why is the crypto market up today?

Bitcoin bulls are facing the stress of pulling prices back to the immediate support level of $68,000.

Going by the negative pattern Jerome Powell has established this year, interest rate decisions have proven to be bullish for Bitcoin, seeing as rate cuts aren’t coming anytime soon. They view the low Bitcoin prices as a chance to buy more coins at a bargain, to then sell them when market excitement picks up.

Conversely, a clear support level is evident near the $60,000 level, below which, if Bitcoin falls, further corrections to $55k and beyond could be witnessed.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Led by Bitcoin, Ethereum, here’s why the crypto market is down todayToday’s crypto market downturn is just a bump in the road. Led by Bitcoin and Ethereum, long-term projections remain bullish.
Herkunft: CryptoAmb - 🏆 22. / 68 Weiterlesen »

Stock market today: Asian shares mostly higher, though China benchmarks falterAsian markets forged higher Tuesday after another day of gains on Wall Street, although Hong Kong's benchmark faltered. U.S. futures were nearly flat and oil...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »