Long Liquidations Spike Bitcoin Suffers “Sell the Fact” Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce

Bitcoin and US Dollar.Source: Adobe most market participants Latest Fed Policy Announcements Unexpectedly dovish, as the USD and US yields fell, the Bitcoin market reacted by “selling the facts”, BTC price dropped sharply and protracted liquidations surged. According to CoinGecko, BTC/USD last traded in the mid-$27,000s before briefly dropping to the $26,600s, down about 2.2% […]

Source

The post Long Liquidations Spike Bitcoin Suffers “Sell the Fact” Reaction to Dovish Fed, But BTC Dip-Buyers Will Probably Pounce appeared first on BitcoinZ Pro Info.



Comments

Post a Comment

Popular posts from this blog

What is Bitcoin’s Price? A Comprehensive Guide

Image
Bitcoin’s price refers to the current market value of the most popular cryptocurrency in the world. Buyers and sellers in the market determine the price of Bitcoin through the laws of supply and demand. Various currencies, including US dollars, euros, and yen, quote Bitcoin’s price. Bitcoin’s value is volatile and influenced by factors like investor sentiment, regulations, and mainstream adoption. The process of determining Bitcoin’s price is similar to that of other financial assets.Buyers and sellers agree on the highest bid and lowest ask prices to determine the market price . One key factor influencing Bitcoin’s price is its limited supply. Around 18.5 million bitcoins have been mined, and the total number that will ever be created is limited to 21 million.. Bitcoin’s limited supply has boosted its value, attracting investors seeking a hedge against inflation and economic uncertainty. Additional Resources: What is Crypto Market Capitalization The role of institutional inves
Read more

Invest in Cryptocurrency: Big Opportunity

Invest in cryptocurrency has been a hot topic in the investment world for the past decade, and for good reason. Cryptocurrencies , such as Bitcoin and Ethereum, have shown tremendous growth and potential, attracting the attention of both individual and institutional investors. We will discuss why you should invest in cryptocurrency and how to get started in this blog post. What is Cryptocurrency? Before we dive into the reasons why you should invest in cryptocurrency, let’s first define what it is. Cryptocurrency is a digital or virtual currency that uses cryptography for security. The public ledger called a blockchain is maintained by a network of computers around the world, which records transactions. It operates independently of central banks, and no government or financial institution controls it, as it is decentralized. Why Invest in Cryptocurrency? Potential for High Returns One of the main reasons to invest in cryptocurrency is the potential for high returns. In the earl
Read more

Metaverse Crypto: The Future

The Metaverse Crypto has been a hot topic lately in the world of cryptocurrencies. With the growing popularity of digital assets, investors are beginning to see the potential of the Metaverse as a new and exciting opportunity for investment. In this blog post, we will explore what the Metaverse is, how it relates to crypto, and the potential implications for investors. What is the Metaverse? The Metaverse is a virtual world where users can interact with each other and the environment in a 3D digital space. Furthermore, it is a fully immersive experience that blurs the line between the real world and the virtual world. In addition, a network of shared experiences and protocols connect a collection of virtual worlds that make up the Metaverse. As a result, these virtual worlds can be anything from a simple game to a complex social network. The concept of the Metaverse has been around for decades, but it has only recently gained mainstream attention. One reason for this is the rise of
Read more