Bitcoin price weakness results from larger macroeconomic concerns

Bitcoin price East be under pressure by interest rate concerns, THE place Bitcoin ETFs net exits And THE Mount. Gox bankruptcy domain process.
Walk Analysis Join We on social networks
Bitcoin (BTC) price negotiated below $39,000 For THE First of all time In on 50 days on Jan. 23. THE down movement initiated on Jan. 11, coinciding with THE WE. Securities And Exchange Commission (SECOND) approval of THE place Bitcoin ETFs. THE 17.5% correction In THE 12 days leading has Jan. 23 sets off A AGGREGATE $385 million liquidation In long (buy) eventually BTC contracts.
THE WE. economy NOW favors THE action walk relative has Bitcoin
From A macroeconomic perspective, 2024 brand A reversion In THE DXY hint which measures THE strength of THE WE. dollar against A basket of stranger currencies, including THE euro, THE British book, And THE Japanese Yen. After trade has 100.80 on Dec. 28, 2023—that’s the lowest level In more that 5 month - on WE. dollar won momentum, And THE hint Currently hovers close 103.75. This movement suggests that investors believe that despite tax problems, THE odds always service THE WE. currency - to less In relative terms.

Bitcoin/USD price hint (RIGHT) against. DXY hint (LEFT). Source: TradingView
Analysts And economists are NOW price upper odds For THE WE. Federal Reserves (Feed) successful strategy has sidewalk inflation without provoking A economic contraction. THE 1 year waiting For THE WE. moved down has 2.43% In January 2024, down Since 3.09% In December 2023. In the meantime, A recession seems out of THE radar as THE Conference Advice "Economic Forecast" waits A 1.7% growth result For THE WE. raw domestic product In THE Fi...

Crypto Jan 24, 2024 0 11 Add to Reading List

Bitcoin price weakness results from larger macroeconomic concerns

Bitcoin price East be under pressure by interest rate concerns, THE place Bitcoin ETFs net exits And THE Mount. Gox bankruptcy domain process.

Weakness Results of Bitcoin price broader macroeconomic concerns

Walk Analysis Join We on social networks

Bitcoin (BTC) price negotiated below $39,000 For THE First of all time In on 50 days on Jan. 23. THE down movement initiated on Jan. 11, coinciding with THE WE. Securities And Exchange Commission (SECOND) approval of THE place Bitcoin ETFs. THE 17.5% correction In THE 12 days leading has Jan. 23 sets off A AGGREGATE $385 million liquidation In long (buy) eventually BTC contracts.

THE WE. economy NOW favors THE action walk relative has Bitcoin

From A macroeconomic perspective, 2024 brand A reversion In THE DXY hint which measures THE strength of THE WE. dollar against A basket of stranger currencies, including THE euro, THE British book, And THE Japanese Yen. After trade has 100.80 on Dec. 28, 2023—that’s the lowest level In more that 5 month - on WE. dollar won momentum, And THE hint Currently hovers close 103.75. This movement suggests that investors believe that despite tax problems, THE odds always service THE WE. currency - to less In relative terms.

Analysts And economists are NOW price upper odds For THE WE. Federal Reserves (Feed) successful strategy has sidewalk inflation without provoking A economic contraction. THE 1 year waiting For THE WE. moved down has 2.43% In January 2024, down Since 3.09% In December 2023. In the meantime, A recession seems out of THE radar as THE Conference Advice "Economic Forecast" waits A 1.7% growth result For THE WE. raw domestic product In THE Fi...