The price of Bitcoin is holding up, but the decline remains preferred The price of Bitcoin is still in a range, more and more restricted and observes a certain resistance compared to traditional assets. Indeed, the financial markets remain under tension and Jerome Powell’s latest intervention, during the press conference on monetary policy on Wednesday, … Read more
Bitcoin could continue to sink in this risk-off environment The price of the main cryptocurrencies continues to consolidate in the short term, with BTC/USD remaining close to its symbolic threshold at $20,000. However, the outlook remains bearish in the cryptocurrency market due to significant headwinds for risky assets in the current context of monetary tightening … Read more
Bitcoin Returns Close To Key Support, But The Fed Will Likely Be Decisive Bitcoin price is under pressure with other equity markets and is now back close to major support at around $18,000. BTC/USD had bounced off it in June, along with the major rebound in equity markets, but could push that threshold down based … Read more
Economic Slowdown and Central Banks Put Pressure on Bitcoin In terms of fundamentals, the outlook for the price of Bitcoin is, as for the equity markets, relatively gloomy. Indeed, given the “financialization” of the cryptocurrency market, Bitcoin finds itself highly correlated to traditional risky assets and between the significant economic slowdown across the world, including … Read more
Bitcoin price gains thanks to the test of major support The price of Bitcoin retains a bearish bias, mainly due to its strong correlation to American indices and in particular the Nasdaq 100. Indeed, the strong rebound observed during the summer on the traditional markets, following Jerome Powell’s speech on political monetary, allowed the price … Read more
Posted on Tuesday, July 12, 2022 at 2:27 p.m. Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, celebrates its 5th anniversary by eliminating trading fees across a wide range of Bitcoin spot trading pairs. While Binance has long maintained some of the lowest fees in the industry, with this latest move it establishes … Read more
Bitcoin drops to lowest level since December 2020 after US inflation The price of Bitcoin has fallen in recent days in the face of renewed risk aversion from operators in the financial markets. BTC/USD is down sharply alongside more traditional risky assets following US inflation figures. US inflation came out above expectations, up 1% in … Read more