Federal Reserve minutes reveal support for rate increases, Bitcoin drops 2.7%

The post Ether flashes rare death cross as Bitcoin hovers around $62K appeared on BitcoinEthereumNews.com. The 50-week moving average of Ethereum crossed below the 200-week average, creating a “death cross.” This is seen as a long-term bearish indicator. Meanwhile, Bitcoin is struggling to stay above $62,000 after being unable to break through the $64,000 to $65,000 resistance area. Such a pattern matters for the retail investors who flocked into crypto through exchange-traded funds and are now trading in the red. Bitcoin price declined by around 2% over the last 24 hours and was mostly stuck in the low $62,000 territory. However, it recovered from dropping below $58,000, a new 21-month low. Ethereum has been trading below $1,750, which is almost 4% lower than the previous day and about 30% below its value one year ago. All other altcoins followed suit. Crypto market cap excluding Bitcoin and Ether has declined 30% from January. Ether’s technical warning The death cross is the main tec

The post Crypto Markets Face Turmoil as Bitcoin Battles Challenges appeared on BitcoinEthereumNews.com. Bitcoin hovered slightly above $62,000, following a 2% decline over the past day, as global economic jitters intensified. This contraction in Bitcoin value isn’t isolated; the broader market has also faltered due to significant downturns in semiconductor and artificial intelligence stocks. Continue Reading:Crypto Markets Face Turmoil as Bitcoin Battles Challenges Source: https://en.bitcoinhaber.net/crypto-markets-face-turmoil-as-bitcoin-battles-challenges

Rising energy costs from geopolitical tensions may lead to tighter monetary policies, impacting non-yielding assets and crypto markets. The post Gold holds decline as US strikes on Iran drive energy prices higher, crypto markets feel the heat appeared first on Crypto Briefing.

The German government wallet has been a bearish headline machine for Bitcoin. Now that the balance is reportedly down to less than 20% of the original seized stack, traders have a new question: what happens when this par

The German government wallet has been a bearish headline machine for Bitcoin. Now that the balance is reportedly down to less than 20% of the original seized stack, traders have a new question: what happens when this par

The post WEMIX Trading On Kraken Gives Gaming Tokens Another Liquidity Test appeared on BitcoinEthereumNews.com. WEMIX Trading On Kraken Gives Gaming Tokens Another Liquidity Test Sign Up for Our Newsletter! For updates and exclusive offers enter your email. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://bitcoinist.com/wemix-trading-on-kraken-gives-gaming-tokens-another-liquidity-test-2/

The post Bitcoin Falls To Key Support As New Headwinds Emerge appeared on BitcoinEthereumNews.com. Key takeaways: War, rising oil prices and Strategy’s Bitcoin sales put extra pressure on BTC’s $60,000 support. Strategy’s Bitcoin sales and fears that a global regulatory crackdown on crypto is being reignited are adding to fragile crypto market conditions. Bitcoin traded down 3.5% on Wednesday as new developments in the US-Iran war pushed oil prices higher and Japan’s bond markets faced renewed stress. That combination triggered broader de-risking across markets. At the same time, concerns over potential Bitcoin sales from Strategy intensified, with traders now bracing for a possible correction below $60,000. Nasdaq-100 futures (left) vs. Bitcoin/USD (right). Source: TradingView Bitcoin’s failed attempt to reclaim $64,500 on Monday coincided with a downtrend in the tech-heavy Nasdaq Index. However, the stock market recovered some of its losses on Wednesday while Bitcoin was unable to bo

The post Bitcoin ETFs See Unprecedented Turnaround as $510 Million Flows In appeared on BitcoinEthereumNews.com. Bitcoin-linked exchange-traded funds (ETFs) are witnessing a remarkable shift in investor interest, reversing recent trends of significant outflows. Over three trading days, these funds recorded an impressive net inflow of $510 million, breaking the cycle of exits that plagued them for weeks. Continue Reading:Bitcoin ETFs See Unprecedented Turnaround as $510 Million Flows In Source: https://en.bitcoinhaber.net/bitcoin-etfs-see-unprecedented-turnaround-as-510-million-flows-in