Here's Why The Bitcoin Price is Down But Far From Out

cryptonews.com

The bitcoin price remains down today, with its 0.5% gain in the past 24 hours cancelled out by a 5% drop in a week and 10% fall in a month. However, it has rebounded by nearly 4.8% since reaching a 24-hour low of $18,262 yesterday, which it did in the wake of the Federal Reserve bumping interest rates in the US by 0.75%.

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Why “Low” Capitulation Might Hint At More Pain For The Bitcoin Price - NewsBTC

The Bitcoin price is stuck in a tight range following yesterday's U.S. Federal Reserve (Fed) announcement on monetary policy. Macro forces have taken over global markets increasing the correlation across all asset classes.


Broken Record? JPMorgan CEO Continues Rant On Bitcoin, Calls It A 'Ponzi Scheme' - Benzinga

JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon's tirade against cryptocurrencies continues. Despite the investment bank's ongoing efforts to boost its crypto capabilities, Dimon blats Bitcoin (CRYPTO: BTC) for being a decentralized Ponzi scheme.


Bitcoin [BTC] investors looking for relief might get some after reading this - AMBCrypto

Bitcoin [BTC]'s performance has been sluggish lately as the king coin failed to register upticks during the past few weeks. BTC's seven-day chart was painted red as its value decreased by more than 7%.

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Here's The Timeline When Bitcoin's (BTC) Price Will Initiate Fresh Rally? - CoinPedia

Over the past few days, the price of Bitcoin has been fluctuating primarily due to macroeconomic concerns. Following “The Merge,” the benchmark cryptocurrency was rejected for north of $20,000 and appears to be headed for instability throughout today's trading session. The U.S.


Poilievre's courageous bitcoin stand - Crypto Daily

Pierre Poilievre recently won the Conservative leadership election by a landslide. His extremely pro Bitcoin stance is likely to bring him much bad press in the lead-up to his election fight to replace system favourite Justin Trudeau.


Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Near Multi-Month Lows Following Fed Rate Hike - Bitcoin

Ethereum dropped below $1,300 on Thursday, as markets continued to react to the U.S. Fed's latest decision to raise interest rates. Following speculation of a 100-basis-point hike, the Federal Reserve hiked rates by 0.75%, as it continues to struggle against rising consumer prices. Bitcoin also declined, moving close to the $18,000 level.


Over 43,000 BTC Has Moved From Huobi To Binance – Whale Alert  - Crypto news

According to a report from Whale Alert, over 43,000 BTC ($820m) has moved from Huobi's wallet to Binance. However, Huobi has responded by saying that it is the internal flow of funds due to normal user withdrawals.


Solana Network Can Run For An Hour On Less Energy Than Is Required For A Single Bitcoin Transaction: Report - Benzinga

Ethereum (CRYPTO: ETH) has no shortage of supporters in the Web3 world, but the award for “most unexpected endorsement” goes to Greenpeace for endorsing Ethereum based on the Merge which moves it to a more environmentally friendly Proof-of-Stake (POS) validation system vs. the original Proof-of-Work (POW) system.


Bitcoin Still In Buy Zone Amidst Market Correction – Should You Buy The Dip? Or Wait For More Drop? - CoinPedia

The overall crypto market is under a bearish pull where the majority of the cryptocurrencies are trading below their crucial levels. Amidst such pump and dump a well-known crypto analyst and trader claims Bitcoin is still under the buy zone.


Billionaire Mike Novogratz Forecasts Ethereum (ETH) Bottom, Rules Out One Outcome for Bitcoin (BTC) - The Daily Hodl

Billionaire Mike Novogratz is predicting Ethereum (ETH) is near the bottom after its successful merge upgrade earlier this month. In a new CNBC interview, the CEO of Galaxy Digital praises the Ethereum merge and makes a bottom price prediction, while also ruling out a “catastrophic fall” in the price of Bitcoin (BTC).

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