Key Economic Data and Tether's Bitcoin Strategy Could Shape Crypto Market This Week

01.04.2024 22:11 77 times read Reading time: 2 minutes 0 Comments

Financial Market: Key Influences for Bitcoin and Crypto This Week

In a recent analysis by BTC-ECHO, the leading German-language medium for Bitcoin and blockchain, economic data that could play a crucial role for the crypto market this week are highlighted. New employment data and Purchasing Managers' Indexes from the USA are in the focus of investors. The article emphasizes that especially US economic data can have a strong influence on price developments in the financial market.

Tether: The Amount of Bitcoin Held by the Stablecoin Issuer

According to a report by BTC-ECHO, Tether has become a significant player in the market by substantially increasing its Bitcoin reserves. In the first quarter of 2024, Tether purchased an additional $627 million worth of Bitcoins, now holding 75,354 BTC, making it one of the largest Bitcoin whales globally. This strategy serves to better back the stablecoin USDT.

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EW Video Analysis - BITCOIN *To da moon* - The Accumulation Zone

A technical analysis of the Bitcoin price was published on stock3 Börsennews. The Elliott Wave Theory is used to anticipate possible future market movements, discussing the potential of an impending bull run based on recurring patterns within the market.

Here's the New BITCOIN Chart Formation as an Easter Gift

wallstreet:online presents a new chart analysis of Bitcoin's price movement as an "Easter gift". It discusses how certain formations in the chart could indicate potential short-term price movements.

Should 60/40 Portfolios Include Bitcoin? There's a Good Case for It!

On FinanzNachrichten.de, there's a discussion about whether traditional investment portfolios should diversify by adding digital assets like Bitcoin. This debate is becoming increasingly important as more institutional investors show interest.

Will Bitcoin's Price Reach $100,000 in April?

CryptoTicker.io poses the question of whether significant growth in Bitcoin's price is possible after recent all-time highs were reached. The discussion revolves around which factors could contribute to a further increase in Bitcoin's price.

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A well-known and established cloud hosting company. With a good entry point and in a good market phase, a good ROI can also be generated with some patience. Unfortunately, we see the durations as a major drawback.

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