3 Reasons why Bitcoin (BTC) price is down Today.. Strong ma | itz_adii on Binance Square

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3 Reasons why Bitcoin (BTC) price is down Today..
Strong macroeconomic data, fear of an artificial intelligence bubble and an ongoing court case could be factors in Bitcoin’s multiday correction.
#Bitcoin_Coneference_2024 

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Bitcoin (BTC) continued its sharp pullback after a fast start to the week, with the price retreating to a two-week low of of $62,700. At press time, bitcoin was lower by 5.5% over the past 24 hours, outperforming the broader CoinDesk 20 Index's 6.1% decline. Ether (ETH) was off 5.8%, Solana (SOL) 10% and XRP (XRP) 10%. It was roughly 72 hours ago when bitcoin touched more than a four-month high just above $70K. $BTC #BinanceTurns7 #writetoearn

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Bitcoin's price drop after hitting $70,000 led to a decline in shares of New York-listed crypto firms. Earlier, these stocks had risen due to Donald Trump's favorable speech on cryptocurrency regulation. His promises were celebrated, though analysts urged caution. The volatility of bitcoin remains a concern, as noted by the SEC. #BinanceHODLerBANANA $BTC #Write2Earn!

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The SHIB coin’s price has changed a lot over the past six months. There was a big increase, but then it dropped. The price has been going up and down around the averages of the last 50 and 200 days, which suggests that the price is stabilizing. PEPE’s price movements indicate a steady upward trend since its launch, with periodic consolidation. The price has consistently stayed above both the 50-day and 200-day SMAs, suggesting bullish momentum. #shiba⚡ #PepeCoinToTheMoon

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People worldwide are paying a lot of attention to Shiba Inu (SHIB) and Pepe Coin (PEPE). As these meme coins continue to make waves in the market, investors wonder which one might reach the coveted 1-cent mark first #Bitcoin_Coneference_2024

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PEPE is a deflationary meme coin launched in April 2023 inspired by the popular internet meme of a frog with various expressions. The coin uses the Ethereum blockchain and follows the ERC-20 standard, which means it can be stored and traded on any compatible wallet or exchange. It has a maximum supply of 420,690,000,000,000 tokens, whose value is determined by market demand and supply.

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