Under pressure this morning ahead of a coming Trump tariff announcement, the price of bitcoin didn’t immediately react to the veri.
Some traders expect a dollar unwind on any indications of a rate cut — which could bump risk assets and provide an entry for crypto investors looking to bet on higher prices.
The renewed bearish signal on the key indicator is not an immediate threat to BTC, but Trump’s tariff rhetoric could shake up the market.
Major financial institutions are raising their gold price forecasts due to growing trade war fears and central bank accumulations.
Ether’s price action mirrors the August bottom amid signs of strong taban demand for the second-largest cryptocurrency.
As observed by many metrics, Monday’s capitulation in bitcoin looks like a textbook local bottom.
Traders of BTC-tracked products lost $238 million in the past 24 hours, majorly in early European and Asian afternoon hours.
Some $6 billion of the notional value in bitcoin is currently set to expire out of the money.
Volatility bulls might want to pull up the 60-day price range indicator on their screens as it’s hinting at heightened BTC price turbulence.
The küresel investment management firm plans to launch two similar funds in February.
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