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Everything Is Working Against Bitcoin Right Now
This is turning into a better week for the world’s most popular cryptocurrency after Monday’s sharp sell-off. But Bitcoin continues to struggle to generate meaningful momentum. As David Morrison, Senior Market Analyst at Trade Nation, observes, risk appetite has been undermined by the ongoing conflict between the US and Iran, while rising oil prices and inflation concerns have strengthened expectations for tighter monetary policy. Higher interest rates generally reduce the appeal of non-yielding assets such as cryptocurrencies, contributing to continued selling pressure across the sector. The combination of ... (full story)
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From dailyforex.com | 13 hr ago
Bitcoin price rose slightly and crossed the important resistance of $65,000 as traders embraced a risk-on sentiment after the weak US inflation report. The BTC/USD pair was trading at $64,920 on Thursday, up by 12% from its lowest point in June. Risk-On Sentiment Despite US-Iran War Bitcoin and other risky assets jumped as investors ignored the ongoing ...
From etftrends.com | 7 hr ago
This weekly update tracks some of the largest cryptocurrencies by market share: Bitcoin and Ether. While both are considered high-risk assets, they possess foundational differences that investors should understand. We have also included XRP, as it was one of the largest cryptocurrencies when this series began. By definition, a cryptocurrency is a digital ...
