Crypto Market Volatility Continues as Bitcoin Plunges

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 53 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 78%

Cryptocurrency أخبار

Crypto Market,Bitcoin,Altcoins

Pre-halving volatility dominates the crypto market as Bitcoin plunges below $69,000 and altcoins suffer. Investors await the Consumer Price Index report for insights on U.S. interest rates.

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

A rally into the close managed to lift the S&P and Nasdaq out of negative territory for a gain of 0.14% and 0.32%, respectively, while the Dow finished flat. “Needless to say, caution is advised especially if you’ve got any leveraged positions open,” Bloodgood warned. “Apart from BTC reclaiming the $70k level, not much has changed,” Bloodgood noted. “Times are uncertain as we are about to have a BTC halving right after making a fresh ATH – which isn’t how cycles typically look – so we’re definitely in uncharted territory.”

“Apart from a Bitcoin ATH before the halving, another thing that makes this cycle unusual is that memecoins are capturing so much attention – and so persistently – when BTC is barely above the previous ATH,” he said. “While some see this as a top signal, I think it’s got more to do with the ‘normie-friendly’ nature of memecoins.”

According to MN Trading founder Michaël van de Poppe, in the near term, Bitcoin is likely to trade sideways and consolidate until sometime after the halving.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 13. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Bitcoin volatility spikes amid record ETF inflows, analysts say bull market is just getting startedThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »

Bitcoin supply crunch and institutional FOMO: Crypto market-maker breaks down the bull runThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »