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$Bitcoin
Bitcoin price experienced a volatile start to the new trading week, dropping below $56,000 during the Asian session and again in early U.S. hours.What Happened: The overall cryptocurrency market also suffered, with its total valuation down to $2.1 trillion, according to DL News. An analyst at crypto trading firm Wintermute described the situation as “The streets are covered with haemoglobin.”Experts are monitoring four key factors influencing Bitcoin’s price:
1- Industry analysts expect U.S.regulators to approve spot Ethereum
exchange-traded funds (ETFs) soon. David Zimmerman from K33 Research told DL News that a positive ETF update could signal a market recovery, while other analysts believe their trading launch is around the corner.
2- Additionally, the long-awaited repayment to Mt. Gox creditors began on Friday, with $2.6 billion in Bitcoin being returned.
Brian Rudick from GSR noted that this could impact the market as creditors might sell their holdings.
3- The German government moved over 10,000 Bitcoin to various wallets and exchanges since June 19, according to Arkham Intelligence, with traders fearing a potential sell-off.
4- Lastly, traders are closely watching the Federal Reserve’s stance on interest rates. A potential rate cut could lead to increased investment in riskier assets like cryptocurrencies.
David Brickell from FRNT Financial suggested that rate cuts might begin in September .
#BinanceTurns7 #IntroToCopytrading #listanewsera #CryptoTradingGuide #AirdropGuid
Bitcoin price experienced a volatile start to the new trading week, dropping below $56,000 during the Asian session and again in early U.S. hours.What Happened: The overall cryptocurrency market also suffered, with its total valuation down to $2.1 trillion, according to DL News. An analyst at crypto trading firm Wintermute described the situation as “The streets are covered with haemoglobin.”Experts are monitoring four key factors influencing Bitcoin’s price:
1- Industry analysts expect U.S.regulators to approve spot Ethereum
exchange-traded funds (ETFs) soon. David Zimmerman from K33 Research told DL News that a positive ETF update could signal a market recovery, while other analysts believe their trading launch is around the corner.
2- Additionally, the long-awaited repayment to Mt. Gox creditors began on Friday, with $2.6 billion in Bitcoin being returned.
Brian Rudick from GSR noted that this could impact the market as creditors might sell their holdings.
3- The German government moved over 10,000 Bitcoin to various wallets and exchanges since June 19, according to Arkham Intelligence, with traders fearing a potential sell-off.
4- Lastly, traders are closely watching the Federal Reserve’s stance on interest rates. A potential rate cut could lead to increased investment in riskier assets like cryptocurrencies.
David Brickell from FRNT Financial suggested that rate cuts might begin in September .
#BinanceTurns7 #IntroToCopytrading #listanewsera #CryptoTradingGuide #AirdropGuid
$LISTA
very urgent for Volatility traders on features 🤸♀️🤸♀️
lista will hit the price at 0.4600 very son, wich This point can be very decisive for Lista
( Historical low)....., after that this cryptocurrency will start a new trend 😍
#BinanceTurns7 #IntroToCopytrading #listanewsera #BinanceTournament
very urgent for Volatility traders on features 🤸♀️🤸♀️
lista will hit the price at 0.4600 very son, wich This point can be very decisive for Lista
( Historical low)....., after that this cryptocurrency will start a new trend 😍
#BinanceTurns7 #IntroToCopytrading #listanewsera #BinanceTournament
