Bitcoin Hits $110K Before First Losing Month in Seven Years
The cryptocurrency market is experiencing significant fluctuations, particularly with Bitcoin's recent performance. Despite reaching nearly $110,000, Bitcoin's upward momentum has been stalled, marking its first losing month in seven years.
Analysts attribute this downturn to profit-taking and lower trading volumes, which have tested Bitcoin's historical resilience. Meanwhile, Ethereum is drawing attention as it strives to maintain critical support levels, with forecasts suggesting potential drops to $1,500 if it fails to hold.
The recent Federal Reserve rate cut has exacerbated Bitcoin's decline, leading to substantial liquidations in the market. This situation has prompted traders to question Bitcoin's reliability as a safe-haven asset amidst shifting macroeconomic conditions.
Overall, the market remains volatile, with traders closely monitoring developments.
The press radar on this topic:
Bitcoin’s hot winning streak ends with a cold reality check
Ethereum Price Prediction: Can Ethereum Price Find Support At $3,900 Or Is The Path To $1,500 Already Written?
Bitcoin Price Remains 'Strong and Firm' Despite Sudden Drop: Analysts
Welcome!

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand