Bitcoin Remains In Bearish State Despite Recent Surge — Here’s Why
Although the Bitcoin price has recently displayed swift recovery to the upside, the broader picture still mirrors a bleak future for the flagship cryptocurrency. A new on-chain evaluation has surfaced, which suggests that Bitcoin’s recent price recovery could be happening within a broader, weak trend, with macroeconomic factors acting as the major influences. Weak Japanese…
Flight To Metals? Gold And Silver Hit Records While Bitcoin Drops
Gold and silver hit fresh highs on Tuesday while Bitcoin slid back under $89,000, sending a clear message that some investors are favoring metal over riskier bets. According to Reuters and market data, gold traded above $4,330 an ounce and silver pushed past $66 an ounce in what market participants called a strong run for…
Bitcoin Could Drop To $70K As Bank Of Japan Rate Move Approaches—Analysts
Bitcoin risks a further drop toward the $70,000 area if the Bank of Japan follows through with an expected interest-rate rise on Dec. 19, analysts focused on macro forces warned. According to multiple macro-focused voices, the move could sap global liquidity and put fresh downward pressure on risk assets, with some traders already bracing for…
Bitcoin Price Likely To Fluctuate Between $100,000 And $110,000 Until FOMC Meeting, Says Analyst
After a flash crash to $89,256 earlier this month, Bitcoin (BTC) made a swift recovery, reaching a new all-time high (ATH) of $108,786 on January 20. However, according to a crypto analyst, further upside could be limited until the Federal Open Market Committee (FOMC) meeting later this month. Bitcoin To Remain Range-Bound Until FOMC Meeting…