By Jordan Lyanchev Although it has rebounded by $5,000 since its July 1 low at under $58,000, bitcoin remains in a highly pressured market structure that has halted each major breakout attempt. There are good reasons for that, of course, as multiple factors have aligned to keep it suppressed. Here are five of them. Macro […]
Tag: FOMC
Key highlights: Bitcoin threatens to slip below $60K as crypto prices slide downward The US and Iran have broken their truce, sending oil prices on a rally All eyes are on the minutes of the FOMC meeting, scheduled for release later today Renewed hostilities between the United States and Iran have sent Bitcoin and the […]
Key highlights: BlackRock offloads $96.66 million from its IBIT fund. Bitcoin fell below $63,000 as selling pressure worsened. Tom Lee sounded an alarm of a deeper bear market later this year. Tom Lee predicts a steeper bear market in H2 Speaking on CNBC, Bitmine and Fundstrat chairman Tom Lee said markets could still see an […]