Worst month since 2022 bear market? 5 things to know in Bitcoin this week

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

México Noticias Noticias

México Últimas Noticias,México Titulares

Bitcoin bulls face a rush to turn the monthly candle around with BTC price losses currently on 12% for April.

Bitcoin is on course for 12% losses in April, and with the monthly close just days away, it could end up sparking the weakest BTC price action in more than a year.The largest cryptocurrency continues to tread water beneath significant resistance levels after a week of sustained selling during Wall Street trading hours.

Its comeback may be helped by a dose of deja vu this week — less than four months after the United States, Hong Kong is set to launch its own spot Bitcoin exchange-traded funds . It is not just FOMC; headlining the week’s macro events is accompanying commentary from Fed Chair Jerome Powell on May 1, followed by jobless claims and unemployment data on May 2 and May 3, respectively.

Like the U.S. in January, Hong Kong is about to open the doors to spot Bitcoin ETFs — and anticipation of copycat interest and price impact is already building. “The substantial capital potential might lead to increased liquidity and possibly stabilize Bitcoin prices,” it wrote on X.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 562. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin PriceComparing S&P 500 and BTC can give important insights on Bitcoin price prediction
Fuente: Utoday_en - 🏆 295. / 63 Leer más »

Bitcoin resets bull market BTC price metrics as April dip passes 7%Bitcoin metrics ditch overheated signals with BTC price losing 7% in April.
Fuente: Cointelegraph - 🏆 562. / 51 Leer más »