After drifting lower for months and spending recent weeks in a tiny trading range, BTC/USD has delivered 24-hour gains in excess of 7%.
Behind the scenes, however, little has changed — macroeconomic conditions have not undergone major upheaval compared with a week ago, and internal problems for Bitcoin,What could have caused BTC price action to potentially finally break out of a year-long downtrend? Concerns focused on unwavering policy keeping the U.S. dollar strong and rates surging higher for the foreseeable future — the worst-case scenario for risk assets.
Bitcoin rebounded 8.5% from its June 15 low of $24,750. Meanwhile, the second-largest cryptocurrency, Ether, is up over 9% in the past two days. Last week's worst performers, Solana, Cardano, and Polygon, also recovered 8–15% in the same period.
Looks like the Fed is just as confused about the economy as the rest of us!
A broad rally in crypto markets means Bitcoin is back challenging the week's highs, which also marked its best performance since June 2022. Can bulls sustain the momentum?
'There's a Sucker Born Every Moment' PT Barnum
Dogecoin
Hmm
Little pump’s,then dump durring the weekend.
What is going on? M87 is undervalued. That is what is going on.
I haven't walked or looked yet... it's time to wake up
bullish i think
M87 is going on. Try out Open Hatch. Go - Dapps. Audited ✅
Even keel
The question all the banks will be asking today 😂
Jasmy 🚀🚀🚀🚀🚀
Because the FED doesnt have a long term strategy to manage its debt.
The crypto market is moving with the regular market.
❇️🚀❇️
Not long with all these shenanigans going on.
Hopefully it's correcting itself after the FTT issue.
I was expecting this pump. I hope it will be long-lasting
up only
there may be countries that do crypto trading
I think the next major bull run is going to surprise a lot of people but for now, I'm happy to see BTC moving a little higher.
🚀Thankss a millonn
Why are all news outlets so smart after growing up? Where were you before it? Oh yes, you wrote articles 'What is behind the current fall' ... Brilliant ...
Factual.
WilliamSuberg I’m a firm believer that it’s gonna last.
WilliamSuberg 🧐🧐
WilliamSuberg I can try shorting it down if you want.
WilliamSuberg Yes to moon🚀
WilliamSuberg 🚀Thankss a millon,
Interesting to consider but I think good revenue from top companies made it
Is the Fed making waves? 🧐
Finally good news about btc
I miss this chart in your article. Not such a surprise if you see this triangle working for months. it was up or down but needed a new direction soon.