Bitcoin: The BTC Price Faces a Directional Decision
The leading cryptocurrency, Bitcoin (BTC), has been experiencing significant corrections in recent trading days and risks further declines if key chart levels are breached. According to BTC-ECHO | Bitcoin & Blockchain since 2014, the BTC price failed at the central resistance wall of $71,317 last week and corrected by more than six percentage points down to around $66,950. This places it back into the green support zone from late May's lows.
Speculation on Bitcoin and GameStop Could Drive Prices Up
DER AKTIONÄR reports that Keith Gill, also known as Roaring Kitty, has made a comeback which caused massive fluctuations in GameStop shares recently. Meanwhile, Bitcoin remains stuck in a sideways range but could see significant movement if current market speculations prove true.
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Nervous Investors Cause Significant Drop in Bitcoin Before Fed Rate Decision
The price of Bitcoin fell sharply on Tuesday ahead of important inflation data release and Federal Reserve rate decision expected this Wednesday. As reported by finanzen.net, investors' nervousness is attributed to concerns over prolonged high interest rates which dampens enthusiasm for non-interest-bearing assets like cryptocurrencies.
What News Causes Cryptos Like Bitcoin to Explode?
A volatile week saw no summer lull with all-time highs in US indices coupled with potential rate cuts driving wild swings in crypto markets including Bitcoin. In an interview covered by DER AKTIONÄR TV, Oliver Michel discusses how these factors contribute towards heightened volatility while CNBC’s Jim Cramer grills Gary Gensler about regulatory impacts.
ETF Debacle: Should You Sell Your Bitcoins Now?
Keen excitement turned into disappointment as Ethereum ETFs approved by SEC remain untradeable causing sharp drops across major cryptocurrencies including both Ethereum and Bitcoin. According to Börse Online, analysts suggest holding onto your investments despite short-term setbacks due to long-term positive outlooks especially once ETF trades commence fully.
Bitcoin Slips: Next 36 Hours Crucial for Market Movement
The next day-and-a-half will be critical for determining whether Bitcoin can recover or continue its downward trend amidst upcoming economic indicators such as U.S. inflation data and Federal Reserve decisions impacting investor sentiment significantly according to Finanzmarktwelt.
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