Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish.
Bitcoin Price news
Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls.
The M2 money supply is an economic measure of the total amount of a sovereign nation’s fiat currency currently circulating worldwide.
Markets have started to sell-off, and Bitcoin needs to hold $70,000 for the BTC and altcoin rally to continue.
Bitcoin basks in nonfarm payrolls data misses with BTC price action canceling its trip below $69,000.
Bitcoin traders are reducing their risk exposure as Donald Trump’s winning odds slide for the upcoming US election.
Bitcoin short-term holders panic and send coins to exchanges at a loss as a BTC price U-turn gathers momentum.
One analyst raised his price target from $245 to $300 per share on news of MicroStrategy’s bold Bitcoin buying plans.
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
BTC price action dips nearly 2%, unsettling late longs as Bitcoin shows no interest in the latest US macro data prints.