Market Wrap: Bitcoin Holds Strong Above $19.5K as Investors Chew Over Latest Price Data

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MARKET WRAP: $BTC was hovering comfortably over $19K, although investors remain fretful about macroeconomic uncertainties; ether ticks higher. JPRubin23, LedesmaLyllah and _jocelynyang_ report

was recently trading at about $19,500, up about 0.3% over the past 24 hours in choppy trading. Prices jumped sharply during the 14:00 UTC time frame and even cracked the $20,000 threshold shortly after aon global financial stability by U.S. Federal Reserve Vice Chair Lael Brainard. BTC then retreated to a range between $19,500 and $20,000 in the subsequent hours but experienced a sudden sell-off right before the U.S. equity market close.

“It's been a very choppy week in bitcoin, which has failed to make a sustainable run in either direction despite attempts at both,” Oanda Senior Analyst Craig Erlam wrote in an email, although he noted that bitcoin seemed to be forming a floor “a little shy of the early summer lows around $17,500.” Looking ahead, the Manufacturing Purchasing Managers Index for September issued in the U.S. and the U.K. will be released on Monday. The indexes will offer the latest evidence of manufacturing activity in both countries and the direction of their economies, which now seem to point to a sharper economic slowdown than their central banks had been hoping.U.S. equities slogged through a dreary day, with the tech-heavy Nasdaq, the S&P 500 and Dow Jones Industrial Average declining 0.8%, 0.

 

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JPRubin23 LedesmaLyllah _jocelynyang_ I feel uptrend is coming soon so I don't stop spending usdt to buy bitcoin

JPRubin23 LedesmaLyllah _jocelynyang_ I opened a long on Bitfinex and am waiting for the uptrend to start

JPRubin23 LedesmaLyllah _jocelynyang_ 🚀Thnkss a millon.

JPRubin23 LedesmaLyllah _jocelynyang_ 🚀 why everbody silent about this?

JPRubin23 LedesmaLyllah _jocelynyang_ I caan t get why influencerss covering thiss trick from uss

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