Bitcoin Falls Under $87K as Chances of Fed Rate Cut Diminish, $900M Liquidated
Bitcoin dropped to an intraday low of $86,329, representing a 31% decrease from its peak of over $126,000 in early October. bitcoin news On Thursday, Bitcoin fell below the $87,000 mark for the first time since April, as traders recalibrated their expectations regarding a potential interest rate cut from the Federal Reserve. This was influenced […]
Bitcoin Decline Driven by US Sales, CryptoQuant Data Reveals
US Bitcoin Selling Dominates Recent Market Decline According to on-chain analytics firm CryptoQuant, recent selling activity in the Bitcoin market has largely been driven by US investors. Bitcoin Coinbase Premium Gap Indicates US Selling Pressure In a post on X, CryptoQuant highlighted significant data regarding the US-led Bitcoin downturn. A key metric they focused on […]
Bitcoin drops below $86,000 as US job figures reduce expectations for rate cuts
Bitcoin Hits New Local Low Amid Inflationary Concerns Bitcoin experienced a significant drop on Thursday, reaching its lowest point in nearly seven months, largely influenced by the latest U.S. jobs report that indicates ongoing inflationary issues. The cryptocurrency fell by 7.32%, settling at $85,700 by late Thursday evening. This price marks a 32% decrease from […]
Traders monitor the Bitcoin bull-bear struggle to decide their next steps
Mixed Sentiments Among Cryptocurrency Traders Cryptocurrency traders on social media seem pretty split these days. One group thinks Bitcoin could dip below $70,000, while another is more optimistic, predicting it might hit $130,000. Earlier this week, Bitcoin (BTC) dropped under $87,000 for the first time since April. Market intelligence platform Santiment noted that the overall […]
This is the XRP Price Needed to Surpass Bitcoin
Understanding the Dynamics between XRP and Bitcoin So, there’s this interesting gap that prompts a straightforward question: how much does the price of XRP need to increase for it to surpass Bitcoin? Data from MarketCapOf provides real-time insights into what could happen if XRP’s value matches Bitcoin’s market cap. Market Capitalization Insights As of now, […]
Owen Gunden, a Bitcoin pioneer, deposits last 2,499 BTC ($228M) to Kraken – Details
Bitcoin Market Update Bitcoin is currently trading under $92,000, and there’s noticeable selling pressure with market activity visibly slowing down. Fear seems to have swayed sentiment towards a bearish outlook, leading several analysts to suggest that BTC might be heading into a new bear market. Concerns are growing, especially with key support levels being lost […]
Bitcoin Giant’s Strategy Might Lose Billions If Excluded From Stock Indices: JPMorgan
Simply put If other indexes follow suit in excluding the strategy, additional outflows could escalate by $8.8 billion. Strategy’s stock has dropped over 40% in the last month as Bitcoin values have decreased. The premium for the company’s Bitcoin holdings has also significantly declined. If MSCI decides to remove MicroStrategy (MSTR) from its stock index, […]
Bitcoin Billionaire Sells Entire $1.3 Billion BTC Holdings After 14 Years
Simply put A cryptocurrency billionaire seems to have liquidated his entire Bitcoin fortune. Recently, he transferred it to an exchange and sold his holdings. He started buying Bitcoin back in 2011 and was one of the early traders to capitalize on BTC price differences. Estimates suggest he sold off his holdings for around $1.3 billion. […]
Bitcoin, Ethereum, and XRP Drop as Rate Cut Expectations Diminish, Liquidations Approach $1 Billion
Bitcoin Faces Decline Amid Economic Uncertainty Bitcoin dropped significantly on Thursday, sliding below the $87,000 mark for the first time since April. This comes as traders grapple with the potential for a third interest rate cut this year, especially after the delay in releasing September’s job data. The price of Bitcoin dipped to $86,329, marking […]
Bitcoin Price Falls to $86,000 as Market Experiences Intense Fear
Bitcoin’s price has dipped over 1% in the last 24 hours, hitting a low of $86,610, while the 24-hour trading volume stood at $87 billion. Right now, Bitcoin is trading about 5% lower than its seven-day high of $92,944, reaching new lows for both the week and the last seven months. Currently, there are 19,956,000 […]