Global risk assets continued to be buffeted by U.S. inflation data in May and the Federal Reserve's June rate-setting meeting this week, as did cryptocurrency markets, including Bitcoin, which saw significant downside volatility. On June 13, Beijing time, bitcoin's decline extended for the day to $23,981 / coin, down about 12.3% in 24 hours and …
Inflation and Fed interest rate effects spread bitcoin's decline Read More »
Cryptocurrencies saw a broader weekend retreat as CPI data on Friday night showed another 40-year high in U.S. inflation, with Ethereum falling more than 6 percent at one point to its lowest level since March 2021 and Bitcoin falling more than 5 percent to below $27,000, its lowest level in more than a year. Almost …
Cryptocurrencies tumbled over the weekend. Where will Bitcoin fall? Read More »
The serious inflation in the United States has an impact on the whole financial level. The Dow fell continuously, dropping 880 points in a single day to reach 31400 points. 30,000 points are the key to the whole financial market. BTC is also affected are reasonable, so that the BTC in the shock market under …
Stocks drop 880 points and Bitcoin is due for a strategic change Read More »
BlockBeats news, on June 10, according to the latest data of 1ML, bitcoin lightning network capacity has exceeded 4,000 BTC, hitting a new record high, as of now 4,001.21BTC, about $119,132,577.78, an increase of 5% in 30 days; In addition, the number of bitcoin lightning network channels reached 85,370, a 30-day increase of 1.1%, and …
Bitcoin lightning network capacity exceeds 4,000 coins Read More »
BlockFills, a global digital asset financial services firm, announced that it will add cryptocurrency derivatives products from CME Group to its trading ecosystem. The new product will address key market access issues for institutions and professional traders, said Neil Van Huis, partner and director of BlockFills. Traditional financial firms, professional traders and market makers have …
A look back at bitcoin yesterday: Yesterday bitcoin is still in the sideways area trend, fast down, will also usher in a rapid rise, as long as in the sideways area, yesterday has been analyzed in place!! Analysis of bitcoin market today: The first pressure level: around 31700 Second pressure level: around 33000 The third …
June 8 bitcoin market analysis, still sideways, unchanged direction Read More »
The DOW ended up 0.05%, the Nasdaq 0.41% and the S&P 500 0.31% higher at 4121.43. The DOLLAR index rebounded to close 0.215% higher at 102.41, while the yield on the 10-year Treasury rose above 3% for the first time since mid-May. Yesterday we said that the biggest expected data this week is the CPI …
Bitcoin fell for 9 straight weeks, with notable short-term declines Since May, cryptocurrencies have been Mired in a trough brought on by a sharp decline, with Bitcoin hitting a bull market low of $26,700 and falling more than 61.3% from its all-time high. More seriously, the downward trend is widening and deepening, so far, bitcoin …
After 9 consecutive weeks of decline, can bitcoin prices usher in a change? Read More »
While bitcoin has rallied over the past four days, some closely watched technical indicators suggest it could fall to its lowest level since December 2020 if it fails to maintain support above $29,000. Bitcoin is currently hovering around $32,000, and its price is still down 16% in May. Bitcoin's recent rally is likely to be …
Can the Bitcoin rally last? $29,000 would be the key support level Read More »
Bitcoin and Ethereum, the top two cryptocurrencies by market capitalization, rose 5% in price over the past 24 hours as the crypto market struggled to recover from a spectacular crash following the TerraUSD stablecoin crash, with Bitcoin briefly recovering $32,000 again before falling. Bitcoin is currently trading at $31,790 per token, up $1,090 in the …
Bitcoin briefly recovered $32,000 for the first time in three weeks Read More »