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Selling pressure continues in cryptocurrencies!
Bitcoin and other cryptocurrencies have recovered some of the declines experienced in the early hours. But the sector is still weighed down by fears of a sell-off despite hopes for looser US monetary policy.
Bitcoin is trading at $55,830 with a loss of 0.92 percent, following the decline to $54,297 in the last 24 hours.
Bitcoin briefly rose above $58,000 over the weekend after Friday's jobs report signaled a cooling of the US labor market, potentially prompting Federal Reserve officials to cut interest rates as early as September.
But Bitcoin later crashed crypto exchange Mt. It was withdrawn amid renewed fears over selling pressure created by refunds from Gox.
“The inability to break through and protect $57,000 will lead us to set an initial decline target of $50,000,” eToro markets analyst Javier Molina wrote in a research note. “However, regaining $58,000 would mean opening the way first to $60,000 and then to $64,000 lost last week.” would come,” he wrote
Ether, the second largest crypto, fell 1.65% to $2,924.80, but has risen more than 50% in the last 2 months.
In the US, the SEC recently approved critical rule changes to allow spot Ether exchange-traded funds to trade. SEC Chairman Gary Gensler told senators at a recent budget hearing that final approvals for ETFs should come this summer.
📈📉 #kripto #cyrpto #Bitcoin #Ethereum✅ #elipsis $BTC $ETH $EPX
Bitcoin and other cryptocurrencies have recovered some of the declines experienced in the early hours. But the sector is still weighed down by fears of a sell-off despite hopes for looser US monetary policy.
Bitcoin is trading at $55,830 with a loss of 0.92 percent, following the decline to $54,297 in the last 24 hours.
Bitcoin briefly rose above $58,000 over the weekend after Friday's jobs report signaled a cooling of the US labor market, potentially prompting Federal Reserve officials to cut interest rates as early as September.
But Bitcoin later crashed crypto exchange Mt. It was withdrawn amid renewed fears over selling pressure created by refunds from Gox.
“The inability to break through and protect $57,000 will lead us to set an initial decline target of $50,000,” eToro markets analyst Javier Molina wrote in a research note. “However, regaining $58,000 would mean opening the way first to $60,000 and then to $64,000 lost last week.” would come,” he wrote
Ether, the second largest crypto, fell 1.65% to $2,924.80, but has risen more than 50% in the last 2 months.
In the US, the SEC recently approved critical rule changes to allow spot Ether exchange-traded funds to trade. SEC Chairman Gary Gensler told senators at a recent budget hearing that final approvals for ETFs should come this summer.
📈📉 #kripto #cyrpto #Bitcoin #Ethereum✅ #elipsis $BTC $ETH $EPX
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Bitcoin Priced After Assassination Attempt on Trump at Pennsylvania Rally
Following the news of an attack on Trump, there was a significant increase in Bitcoin.
According to CoinGecko data, the price of Bitcoin rose from $58,337 to $59,796 in less than an hour after the news was heard. At the time of writing, the price was fixed at $59,524.
Trump-themed memecoins also saw significant gains; for example, TREMP is up 71%, TRUMP is up 39%, and MAGA is up 33% in the last 24 hours.
Following news of an attack on Trump, Bitcoin skyrocketed, which also affected Bitcoin and related memecoins.
According to CoinGecko data, the price of Bitcoin rose from $58,337 to $59,796 in less than an hour after the news was heard. At the time of writing, the price was fixed at $59,524.
Trump-themed memecoins also saw significant gains; for example, TREMP is up 71%, TRUMP is up 39%, and MAGA is up 33% in the last 24 hours.
Following news of an attack on Trump, Bitcoin skyrocketed, which also affected Bitcoin and related memecoins.
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Illinois Court Approves Bitcoin as a Digital Commodity, CFTC Chairman Says
Recent discussions among lawmakers in the US have further escalated the ongoing debate over cryptocurrency regulations.
In particular, important statements were made by leading financial authorities regarding the classification of digital assets.A notable statement was made by CFTC Chairman Rostin Behnam, who confirmed the commodity status of Bitcoin and Ethereum.Cryptocurrency Regulatory Discussions Stand Out in the US Legislature
In particular, important statements were made by leading financial authorities regarding the classification of digital assets.A notable statement was made by CFTC Chairman Rostin Behnam, who confirmed the commodity status of Bitcoin and Ethereum.Cryptocurrency Regulatory Discussions Stand Out in the US Legislature
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Bitcoin Faces Rising Uncertainty as Funding Rates Fall and Volatility Rises
Recently, significant changes have been observed in the crypto market in the funding rates for Bitcoin and Ethereum.
Both Bitcoin and Ethereum have experienced notable increases in implied volatility, indicating potential market volatility.Investors and traders are acting with different strategies in these volatile market conditions, reflecting the overall market sentiment.Sharp Drop in Funding Rates in Bitcoin and EthereumThere has been a notable decline in funding rates for both Bitcoin (BTC) and Ethereum (ETH) over the past few days. Negative funding rates generally indicate potential price declines, prompting some investors to sell their assets or take a short position in the market. This selling pressure contributes to a significant decline in the prices of BTC and ETH.
Both Bitcoin and Ethereum have experienced notable increases in implied volatility, indicating potential market volatility.Investors and traders are acting with different strategies in these volatile market conditions, reflecting the overall market sentiment.Sharp Drop in Funding Rates in Bitcoin and EthereumThere has been a notable decline in funding rates for both Bitcoin (BTC) and Ethereum (ETH) over the past few days. Negative funding rates generally indicate potential price declines, prompting some investors to sell their assets or take a short position in the market. This selling pressure contributes to a significant decline in the prices of BTC and ETH.
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Fed submitted a report to Congress!
The US Federal Reserve (Fed) stated that inflation in the country has made modest progress this year, but does not expect to reduce the policy rate until it gains more confidence that inflation is moving sustainably to the 2 percent target.
The July issue of the semi-annual Monetary Policy Report prepared by the Bank twice a year for the US Congress has been published.
"Inflation decreased markedly last year and made modest progress this year, but remains above the Federal Open Market Committee's (FOMC) 2 percent target," Fed Chairman Jerome Powell said in his report to be presented to Congress next week. expressions were used.
The July issue of the semi-annual Monetary Policy Report prepared by the Bank twice a year for the US Congress has been published.
"Inflation decreased markedly last year and made modest progress this year, but remains above the Federal Open Market Committee's (FOMC) 2 percent target," Fed Chairman Jerome Powell said in his report to be presented to Congress next week. expressions were used.