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Bitcoin Could Drop To $15K If Fed Doesn’t Pivot, Ex-Crypto Exchange CEO Warns

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Given Bitcoin’s major price movement, financial gurus are now theorizing on the possible influence of Federal Reserve monetary policy modifications on the cryptocurrency market.

Bitcoin’s price has increased by 30% since the beginning of the 2023, surpassing $ 23,000 after dipping below $ 16,000 late last year.

The recent rally in the alpha coin was triggered by a decline in the U.S. Consumer Price Index, indicating a likely deceleration in interest rate hikes.

Nevertheless, the founder and former chief executive of the BitMex crypto exchange has cautioned that Bitcoin and the market for crypto assets may experience a decline if the U.S. Federal Reserve does not adjust its monetary policies.  Read more...

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Bitcoin Holders To Expect More Difficulties As Data Point To Looming BTC Price Drop

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Bitcoin, following the implosion of crypto exchange FTX, continues to struggle not only in terms of its trading price but also in its profitability.

It can be recalled that the company, back in November 2022, moved to file Chapter 11 bankruptcy in a U.S. county court, and collapsed in just a matter of days.

Bitcoin, being the main driving force of the crypto market, was greatly affected by this unfortunate development and eventually exited 2022 with a value that was significantly lesser than what it had back in 2021.  Read more...

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Crypto Market Sees Almost $400 Million In Liquidations As Prices Drop Again

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The broader crypto market is once again taking a heavy beating as Bitcoin, Ethereum and their fellow digital currencies are painting their charts in red.

Bitcoin was hit the hardest this time as its price correction led to a fall below the $ 20K marker. According to tracking from Coingecko, at the time of writing, BTC is trading at $ 19,770.

Ethereum decreased by 5.4% over the last 24 hours and has fallen below the $ 1,500 range, changing hands at $ 1,486.  Read more...

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Bitcoin And Jobs: How Crypto Might Be Affected By Drop In US Employment Openings

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There have been fewer job openings in the United States lately and this may, one way or another, have an impact on Bitcoin and the broader crypto market.

The recent data on unemployment in the US shows that the labor market is still predominantly strong at 3.8%.

However, the creation of new jobs is seen to drop by as much as 6.4%; with social assistance and healthcare having very low vacancies to date.

Labor demand is seen to capsize and has in fact nosedived to 1.9%.  Read more...

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Price Point: Bitcoin Stays Above $20K as US Stock Futures Drop After 2 Days of Big Gains

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The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 5, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
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Bitcoin Price Continues To Drop With Seven Daily Red Candles

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As equities continue to bid, bitcoin’s price action has started to meaningfully turn over, but while the S&P 500 rallies while bitcoin doesn’t follow.

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.  Read more...

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🔴Reactions to BTC Price Drop | This Week in Crypto – May 23, 2022

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The post 🔴Reactions to BTC Price Drop | This Week in Crypto – May 23, 2022 appeared first on 99 Bitcoins.

More and more countries push for crypto regulation, FTX launches stock trading and Ethereum is …

🔴Reactions to BTC Price Drop | This Week in Crypto – May 23, 2022 Read More »

99 Bitcoins

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Bitcoin Could Shed 20% & Drop to $7,400 Because Bulls Look Exhausted

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Bitcoin’s impressive parabolic run may have come to its conclusion. On July 11, we warned investors that the No. 1 cryptocurrency would falter to $ 9,000 as it flailed overheated signals. At the time, bitcoin was bouncing and market participants were expecting a new 2019 high as the market threatened to breach resistance of $ 12,000. However, […]

The post Bitcoin Could Shed 20% & Drop to $ 7,400 Because Bulls Look Exhausted appeared first on CCN Markets

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Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run

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Bitcoin was on a massive tear and the parabolic run was unstoppable as the crypto reached $ 13,000. It has declined since but is up on the weekly timeframe. While many long-term investors are euphoric over this juggernaut ascent, some experienced traders are starting to feel anxious. The trend reversal is so strong that a significant […]

The post Crypto Trader Warns of 40% Bitcoin Price Drop Before Monster Bull Run appeared first on CCN Markets

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Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes

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Bitcoin's Big Price Drop Reminds Traders of the Long History of Flash Crashes

On Wednesday, June 26, the price of BTC came close to reaching $ 14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when the market is extremely bullish, flash crashes have been prevalent.

Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque  Read more...

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Newsflash: Crypto Market Plummets $58 Billion as Major Coins Drop 30% in Bloodletting

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The global cryptocurrency market lost $ 58 billion in a flash crash on Thursday morning as bitcoin makes a retreat. The combined value of the world’s cryptocurrencies dropped from $ 386 billion to $ 328 billion – a 14.9% loss overall. Just hours previously Bitcoin had been flirting with the $ 14,000 mark; now, BTC is struggling to keep […]

The post Newsflash: Crypto Market Plummets $ 58 Billion as Major Coins Drop 30% in Bloodletting appeared first on CCN Markets

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Bond King Says Trump Might Drop Out of 2020 Election if Economy Falters

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By CCN Markets: Even though Donald Trump kicked off his 2020 presidential campaign last night in Florida in front of a crowd of roughly 20,000, Wall Street isn’t entirely convinced that he’s committed. Jeffrey Gundlach, who is nicknamed the Bond King and whose firm DoubleLine Capital oversees $ 115 billion in AUM, told Fox Business that there’s a chance the president could change his mind. “If the economy goes into recession, and he can’t pull it out by removing the tariffs, there’s very little for him to run on.” Dropping Out Is Not Unheard Of While dropping out of a presidential  Read more...

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Crypto Week in Review: Drop Gold and Buy LEO, Noob

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Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets. Top Headlines This Week 🔥 Square’s Bitcoin Revenue Jumped to $ 65.5 Million in Q1, Its Highest Ever Payments company Square (SQ) reported its first-quarter […]
SludgeFeed

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Grayscale Urges Investors to ‘Drop Gold’ and Pick up Bitcoin (BTC)

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Grayscale Investments, a digital asset management firm founded by Digital Currency Group, launched a major marketing campaign on Wednesday to try and sway institutional investors to drop their investments in gold and begin positions in Bitcoin (BTC). According to the accompanying announcement, the #DropGold campaign promotes the emergence of Bitcoin as a viable digital asset […]
SludgeFeed

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“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

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Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip).

The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin.

“Everyone loves a piece of gold jewelry, but is gold really the best investment in today’s digital world?” This is the rhetorical question that the website challenges its readers to consider. “Gold represents the past,” it continues, saying that Nixon dropped the gold standard that backed USD back in the ’70s.  Read more...

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Traders: Bitcoin Trend Looking Ugly, Why a Slow Drop Below $3,000 is Expected

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In the last 24 hours, the crypto market has slightly declined by $ 2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the range of three to five percent prevented the market from continue recovering. From January 30 to January 31, the crypto market seemed to be rebounding as its valuation rose from $ 111 billion to $ 115 billion. But, in the past 12 hours, the valuation fell back to $ 112 billion, unable to sustain its momentum.  Read more...

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After Apple, Samsung Records a 31% Drop in Net Profits: Are Big Phone Makers in Trouble?

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Apple has struggled to win over the Chinese mobile phone market as reports have suggested but Samsung is also having a similar issue. Samsung Electronics revealed that it recorded a 31 percent decline in net profit in the fourth quarter of 2018 as the operating profits of its mobile business plunged by nearly 33 percent. Samsung Sees Large Net Profit Declines Analysts at Samsung attributed the overall decline in profits to various geopolitical factors including the U.S.-China trade war. Due to macroeconomic uncertainties, the company said that its memory business will likely not strongly rebound until the second quarter of  Read more...

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Crypto Canarge: $6 Billion Wiped Out as Bitcoin Drops to $3,350; What’s Causing the Drop?

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In the last 24 hours, the Bitcoin price has dropped from $ 3,550 to $ 3,357 on the day’s low, by more than five percent. The abrupt decline in the Bitcoin price led the crypto market to lose nearly $ 6 billion within hours. Some major crypto assets including Bitcoin Cash (BCH) recorded losses of over 10 percent, experiencing the steepest decline in the month. Some analysts expect the Bitcoin price to drop to a new 12-month low following the short-term drop in the valuation of the crypto market. Factors in the Decline of the Bitcoin Price Since early January, for over three  Read more...

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What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop?

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By CCN.com: In 2018, with the exception of Bitcoin and several other crypto assets, the majority of cryptocurrencies fell by more than 90 percent against the U.S. dollar. Executives in the crypto space, especially those leading new initiatives and businesses in the emerging industry, believe that the bear market has presented companies with positive opportunities

The post What Are Crypto Executives Still Positive About After Massive 80% Bitcoin Drop? appeared first on CCN

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