News Formal

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

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Bitcoin sees an increase of 2% in twenty-four hours. Though it is a slight uptick, is it the start of a new rally?

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 22. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: CryptoAmb - 🏆 22. / 68 Прочитайте больше »

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...
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »