Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are anticipating several important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting uncertainty as the majority of altcoins are trading in the red, with some experiencing larger declines than others. Bitcoin Price Awaits News The deep involvement of corporate Bitcoin buyers and institutions has played a major role in its price increase over the past year, but it’s also the reason why the crypto market has been largely correlated to traditional markets. A few years ago, hardly anyone cared about metrics such as CPI, PMI, and other economic indicators, but now every crypto trader has them on their watchlist. As such, today is shaping up to be a volatile experience with several important economic events on the calendar. First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strength of the local economy. That said, Bitcoin’s price is down about 1% on the day and is currently trading at around $106,500 after testing $109,000 yesterday. It’s interesting to see if the bulls have the strength to push back towards the upper boundary of the recent trading range or if the bears will send the price back below $105K. Source: TradingViewAltcoins in Red, Some More Than Others As shown in the heatmap below, altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months, and whenever BTC slips, altcoins crash. The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines. This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day. Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought? Source: Quantify Crypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. According to SEO standards.
Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are anticipating several important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting uncertainty as the majority of altcoins are trading in the red, with some experiencing larger declines than others. Bitcoin Price Awaits News The deep involvement of corporate Bitcoin buyers and institutions has played a major role in its price increase over the past year, but it’s also the reason why the crypto market has been largely correlated to traditional markets. A few years ago, hardly anyone cared about metrics such as CPI, PMI, and other economic indicators, but now every crypto trader has them on their watchlist. As such, today is shaping up to be a volatile experience with several important economic events on the calendar. First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strength of the local economy. That said, Bitcoin’s price is down about 1% on the day and is currently trading at around $106,500 after testing $109,000 yesterday. It’s interesting to see if the bulls have the strength to push back towards the upper boundary of the recent trading range or if the bears will send the price back below $105K. Source: TradingViewAltcoins in Red, Some More Than Others As shown in the heatmap below, altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months, and whenever BTC slips, altcoins crash. The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines. This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day. Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought? Source: Quantify Crypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. According to SEO standards.
Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are anticipating several important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting uncertainty as the majority of altcoins are trading in the red, with some experiencing larger declines than others. Bitcoin Price Awaits News The deep involvement of corporate Bitcoin buyers and institutions has played a major role in its price increase over the past year, but it’s also the reason why the crypto market has been largely correlated to traditional markets. A few years ago, hardly anyone cared about metrics such as CPI, PMI, and other economic indicators, but now every crypto trader has them on their watchlist. As such, today is shaping up to be a volatile experience with several important economic events on the calendar. First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strength of the local economy. That said, Bitcoin’s price is down about 1% on the day and is currently trading at around $106,500 after testing $109,000 yesterday. It’s interesting to see if the bulls have the strength to push back towards the upper boundary of the recent trading range or if the bears will send the price back below $105K. Source: TradingViewAltcoins in Red, Some More Than Others As shown in the heatmap below, altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months, and whenever BTC slips, altcoins crash. The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines. This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day. Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought? Source: Quantify Crypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. According to SEO standards.
Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are anticipating several important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting uncertainty as the majority of altcoins are trading in the red, with some experiencing larger declines than others. Bitcoin Price Awaits News The deep involvement of corporate Bitcoin buyers and institutions has played a major role in its price increase over the past year, but it’s also the reason why the crypto market has been largely correlated to traditional markets. A few years ago, hardly anyone cared about metrics such as CPI, PMI, and other economic indicators, but now every crypto trader has them on their watchlist. As such, today is shaping up to be a volatile experience with several important economic events on the calendar. First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strength of the local economy. That said, Bitcoin’s price is down about 1% on the day and is currently trading at around $106,500 after testing $109,000 yesterday. It’s interesting to see if the bulls have the strength to push back towards the upper boundary of the recent trading range or if the bears will send the price back below $105K. Source: TradingViewAltcoins in Red, Some More Than Others As shown in the heatmap below, altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months, and whenever BTC slips, altcoins crash. The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines. This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day. Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought? Source: Quantify Crypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. According to SEO standards.
Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are anticipating several important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting uncertainty as the majority of altcoins are trading in the red, with some experiencing larger declines than others. Bitcoin Price Awaits News The deep involvement of corporate Bitcoin buyers and institutions has played a major role in its price increase over the past year, but it’s also the reason why the crypto market has been largely correlated to traditional markets. A few years ago, hardly anyone cared about metrics such as CPI, PMI, and other economic indicators, but now every crypto trader has them on their watchlist. As such, today is shaping up to be a volatile experience with several important economic events on the calendar. First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing – all indicators that shape policymaking, especially when gauging the strength of the local economy. That said, Bitcoin’s price is down about 1% on the day and is currently trading at around $106,500 after testing $109,000 yesterday. It’s interesting to see if the bulls have the strength to push back towards the upper boundary of the recent trading range or if the bears will send the price back below $105K. Source: TradingViewAltcoins in Red, Some More Than Others As shown in the heatmap below, altcoins are also not having a great day. This is, perhaps, to be expected – Bitcoin’s dominance over the market has been rising gradually over the past many months, and whenever BTC slips, altcoins crash. The past 24 hours have hardly been a crash, though, but it’s clear that most of them are charting more considerable declines. This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day. Believe it or not, Bitcoin Cash (BCH) is today’s best performer, gaining more than 6%. Who would have thought? Source: Quantify Crypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView. According to SEO standards.
Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are anticipating several important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting uncertainty as the majority of altcoins are trading in the red, with some experiencing larger declines than others. Bitcoin Price Awaits News The deep involvement of corporate Bitcoin buyers and institutions has played a major role in its price increase over the past year, but it’s also the reason why the crypto market has
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