2024-7-29 17:00 |
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Bitcoin just fell below $80,000 as a hotter-than-expected US inflation print pushed crypto and equities lower. BTC price slipped from the low $81,000 area into $79,706, with the session low marked near $79,557.
A hotter-than-expected April inflation report has put Bitcoin back at the center of the Federal Reserve trade, reviving the higher-for-longer rates problem that has capped crypto markets for much of the year.
Bitcoin becomes the live market over Easter as oil shocks hit and traditional finance goes dark The Bitcoin market now has three trading days where it will act as the live venue for geopolitical risk while much of traditional finance is closed.
Bitcoin spent the past 24 hours returning to the key levels on my channel map rather than continuing its breakout. It tested a boundary, failed to convert that test into acceptance, and rotated lower into the next pocket of support memory.
Bitcoin is starting to trade like the market’s real-time geopolitical switch After Bitcoin moved back above $70,000, following President Trump's five-day delay of planned strikes on Iranian infrastructure, the useful question is whether Bitcoin is now functioning as one of the fastest live markets for repricing geopolitical risk.
Bitcoin’s jump back above $70,000 on Monday morning came with unusual clarity. The move started when Donald Trump posted on Truth Social that the United States and Iran had held “very good and productive conversations” on a “complete and total resolution” of hostilities in the Middle East, and that planned strikes on Iranian power plants […] The post Markets reversed over $3 trillion this morning as Bitcoin price exploded above $70k in 5 minutes appeared first on CryptoSlate.
Bitcoin’s jump back above $70,000 on Monday morning came with unusual clarity. The move started when Donald Trump posted on Truth Social that the United States and Iran had held “very good and productive conversations” on a “complete and total resolution” of hostilities in the Middle East, and that planned strikes on Iranian power plants […] The post Market swings by $3 trillion as Bitcoin price explodes upward in 5 minutes appeared first on CryptoSlate.