Bitcoin

Bitcoin’s price has been stagnant below $70,000 for months. Experts like Samson Mow and Adam Back predict a significant rebound in Bitcoin’s price due to market dynamics. Bitcoin has once again demonstrated its robust resilience in a challenging market environment. As of this writing, Bitcoin is trading at $67,541.51, registering a 2.74% decline in the last 24 hours. Currently trading just 8% below its all-time high of $73,750.07, Bitcoin is expected to have a strong upward movement as the market…

The Bitcoin price has fallen by 4.7% since peaking at $71,231 yesterday, now hovering around $66,967. This decline marks a notable return of volatility in the market, driven by several critical factors. #1 Federal Reserve’s FOMC Meeting Anticipation The Bitcoin market seems to be in a risk-off mode ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th. The  market’s sensitivity to macroeconomic indicators is on full display as stakeholders await the US Federal Reserve’s decision on…

Bitcoin is dumping when writing, cooling off from May highs of nearly $72,000. Down roughly 10% from all-time highs, there could be more losses on the way, at least looking at the candlestick arrangement in the daily chart. Now, Willy Woo, a Bitcoin on-chain analyst, thinks the drop is primarily because of the ongoing “miner capitulation.” Woo notes that the network is now actively “culling” out weak miners, forcing them to shut down their operations. As they exit, they sell…

The new week has been quite bearish for bitcoin, with the price witnessing major crashes below multiple support levels. After losing its footing above $71,000, it has plunged further below $67,000, signaling the start of a downtrend. Amid the uncertainty, a crypto analyst has presented the important levels to watch as Bitcoin makes it descent, showing a possible direction for the price. Bitcoin Enters Sideways Consolidation In an analysis on the TradingView platform, crypto analyst Bitcoin Signals revealed some important…

Bitcoin’s price has consistently exhibited notable volatility around Federal Open Market Committee (FOMC) meetings. Historical data from recent meetings indicates that Bitcoin tends to experience a drop in value before the FOMC’s interest rate decisions, followed by significant gains post-announcement. Bitcoin Dips Before FOMC, Rallies Post Fed Decision The Federal Open Market Committee is a branch of the Federal Reserve System responsible for overseeing the nation’s open market operations. The FOMC meetings are crucial events where key decisions on the…

The post Bitcoin Falls Under $67,000 Amid FOMC Rate Cut Speculation appeared first on Coinpedia Fintech News Bitcoin is trading at $66,886 after an intraday fall of 3.68%, down from its all-time high of $73,750. The market cap stands at $1.32 trillion with a 24-hour volume of $30.64 billion. This decline is linked to the upcoming FOMC meeting on June 12th, where potential rate cuts will be discussed. However, the likelihood of rate cuts is limited due to recent employment…

The post Here’s Why Altcoins Have Underperformed Against Bitcoin & AltSeason May Not Be Even Close appeared first on Coinpedia Fintech News After a brief upswing, the markets have again begun to consolidate. While Bitcoin price slashes below $68,000, most of the altcoins have also plunged below their interim support. This raises concerns about whether the altcoins are gearing up for a huge run or they are just following the BTC price rally very closely.      A popular analyst, Miles Deutscher,…

Bitcoin (BTC), the leading cryptocurrency by market capitalization, appears to be heading for further declines as market sentiment turns increasingly bearish. Recent analysis shows that BTC is struggling to maintain key support levels, and the overall mood among traders and investors is shifting towards caution. Several factors such as macroeconomic pressures, regulatory concerns, and technical indicators contribute to this negative outlook. As Bitcoin continues to face selling pressure, the potential for additional downside becomes more pronounced. This article explores Bitcoin’s…

As the financial markets brace for the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th, the Bitcoin and crypto community is poised to assess the implications of any Federal Reserve announcements on digital assets such as Bitcoin. With the consensus forecast suggesting that the Federal Reserve will hold the federal funds rate steady at 5.25%-5.50%, the primary interest of investors has turned to the nuances of the Fed’s forward guidance and economic projections. Crypto analyst Tomo (@Market_Look)…