Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up Bitcoin price dived 2% on October 6, 2023, following the release of stronger-than-expected US jobs data. The data suggests that the US economy is still strong, which could lead the Federal Reserve to raise interest rates more aggressively. Stronger US…
3 reasons why Ethereum price can’t break $2K Ethereum, the second-largest cryptocurrency by market capitalization, has been struggling to break above the $2,000 level in recent weeks. There are a number of reasons for this, including: Declining network activity: The total value locked (TVL) across the Ethereum ecosystem has been declining in recent months. This…
Bitcoin bulls encircle $28K as trader says ‘big’ buyer must step in Bitcoin bulls are looking to reclaim the $28,000 level, but a trader says a “big” buyer must step in to help them break through resistance. Bitcoin (BTC) has been hovering around the $28,000 level for the past few days, as bulls and bears…
Why is Bitcoin price down today? Bitcoin price is down today, October 13, 2023, for a number of reasons. Macroeconomic factors The global economy is facing a number of challenges, including rising inflation and interest rates. This has led to investors becoming more risk-averse, which is weighing on the price of Bitcoin. Bitcoin is often…
Uptober may be over: Bitcoin price data shows investor sentiment at 3-month low October has historically been a good month for Bitcoin, with the cryptocurrency often seeing significant price increases. However, this year may be different, as investor sentiment has reached a 3-month low. There are a number of factors that could be contributing to…
Why is the crypto market down today? The crypto market is down today, with most major cryptocurrencies trading in the red. There are a number of factors that could be contributing to the decline, including: Rising interest rates: The US Federal Reserve is expected to raise interest rates again this week, which could dampen investor…
Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event? Chainlink (LINK) rallied over 35% in September 2023, outperforming most other cryptocurrencies. However, the rally has since fizzled out, leading some to speculate that it was simply a “buy the rumor, sell the news” event. What is Chainlink? Chainlink is a decentralized…
Inflation and War Impact Markets, but Paul Tudor Jones Says, ‘I Love Bitcoin and gold’ Inflation and war are impacting markets around the world, but billionaire investor Paul Tudor Jones says he still loves Bitcoin and gold. Jones is known for his successful track record in the financial markets, and his comments are likely to…
Bitcoin Faces Elevated CPI, with BTC Price Tackling $26.8K Focal Point Bitcoin (BTC) is facing elevated CPI, with the latest data showing that inflation in the United States rose to 7.9% in February, the highest level since 1982. This has put downward pressure on the BTC price, which has fallen from its all-time high of…
Did SBF really use FTX traders’ Bitcoin to keep BTC price under $20K? Sam Bankman-Fried (SBF), the founder and former CEO of FTX, is accused of using FTX traders’ Bitcoin to keep the BTC price under $20K. This allegation is based on testimony from Caroline Ellison, the former CEO of Alameda Research, a company affiliated…