Bitcoin Temporarily Falls Below $60,000 – Nervousness Mounts
In a recent article by DER AKTIONÄR, the latest drop in Bitcoin’s price, which briefly fell below the $60,000 mark, was discussed. According to market analyst Timo Emden, inflation fears and geopolitical uncertainties are leading to increased caution among investors.
With the upcoming Bitcoin Halving occurring next Saturday, which will halve the reward for mining new Bitcoins, there is noticeable tension in the market. Historically, Bitcoin's value has increased after such halvings, but there are no guarantees that past patterns will repeat.
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Tech Investor Jan Beckers: "Bitcoin Could Significantly Outperform Gold"
According to a report on n-tv NEWS, tech investor Jan Beckers sees great potential in Bitcoin as a digital currency. He predicts that it could even surpass the market capitalization of gold in the long term.
Beckers also stresses the impact of the ongoing digital Euro by the European Central Bank on cryptocurrencies as a whole and advises investors to particularly invest in established coins like Bitcoin and Ethereum.
Cryptocurrency Bitcoin Available at an ATM in Kassel
HNA reports that a Bitcoin ATM is now available in Kassel. This allows customers to directly purchase Bitcoins with cash - a novelty in the local MediaMarkt electronics store.
Alexander Katz from MediaMarkt is impressed by the high interest of his customers in this new technology option despite potential risks of investing in volatile markets like cryptocurrencies.
Current Bitcoin Analysis on April 17, 2024: Chart Analysis, Weekly Outlook, and Trading Setups
A detailed analysis on XTB shows that Bitcoin is currently caught between $60,000 and $70,000. Analysts expect fresh momentum possibly from the next Halving event, which historically often caused a price increase.
The technical situation remains bullish as long as Bitcoin retains its position above key support lines, but traders should remain cautious due to potential abrupt corrections.
