Why is bitcoin going down today
How to buy bitcoin
Economic Calendar Events
It’s true that Bitcoin’s sudden drop was fueled by a wave of liquidations as traders, some of whom were leveraged 50x or more, couldn’t cover their positions after prices first dipped on the war news, which led to still more selloffs. In contrast to these short-term traders, there are many more people holding Bitcoin for the long term—and it’s a safe bet few of them sold or were even tempted to do so. Bitcoin rising +16.33%
Why is crypto going up today
U.S. District Court, Southern District of New York. “Securities and Exchange Commission vs. Ripple Labs, Inc.” January 2021 – December 2023: Bitcoin gets pressured Cryptocurrency analyst Dylan took to the channel Crypto Banter and opened up about Bitcoin, which is trading above the $62k level, which according to him is a positive sign after a tough week. There’s also excitement about Ethereum’s strength and potential moves in its ecosystem. He reminded viewers to stay engaged because a lot is happening, including news about a Hong Kong ETF.
Trump's Talk of Bitcoin Reserve for the U.S. Leaves Industry Waiting for More Details
Bank of England governor Andrew Bailey warned in 2021 that cryptocurrencies have "no intrinsic value" and investors should be "prepared to lose all your money". What is blockchain technology? Ironically, rather than truly democratizing finance, some of these innovations may exacerbate inequality. Unequal financial literacy and digital access might result in sophisticated investors garnering the benefits while the less well off, dazzled by new technologies, take on risks they do not fully comprehend. Computer algorithms could worsen entrenched racial and other biases in credit scoring and financial decisions, rather than reducing them. The ubiquity of digital payments could also destroy any remaining vestiges of privacy in our day-to-day lives.
Bitcoin drop in price
Bitcoin (BTC) is poised for another seismic shift with its next halving event likely in April 2024. This unique mechanism embedded within the Bitcoin protocol periodically slices the current reward for mining new blocks in half. Past halving events have heralded surges in bitcoin’s price, but peering into the future remains an exercise in uncertainty, especially considering the volatility of digital assets. What is certain is that halving events inject scarcity, and bitcoin’s predetermined ceiling of 21 million coins is about to be that much closer. Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens Bitcoin (BTC) saw a 2.3% drop over the past 24 hours, erasing Thursday's brief gains following the latest U.S. CPI readings. The core CPI for June rose by 3.3% against an expected 3.5%, initially appearing bullish for risk assets like cryptocurrencies. However, this turned into a classic "buy the rumor, sell the news" scenario, with prices having been driven up in anticipation of the positive report, as noted by analysis firm Santiment.
