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Cryptocurrency Price Analysis Amidst Market Volatility and ...
2024-06-10 23:58:15

Cryptocurrency Price Analysis Amidst Market Volatility and Macroeconomic Events

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Bitcoin and altcoins are experiencing stability following a $400 million liquidation event, but are poised for increased volatility as macroeconomic events, such as the Federal Reserve's press conference and the Consumer Price Index data, unfold. The S&P 500 Index hits a new all-time high, while the U.S.

Dollar Index shows signs of recovery, influencing various altcoins at different support and resistance levels. Traders are anticipating the Federal Reserve's interest rate decision, with Bitcoin hovering below $70,000 and other major cryptocurrencies like Ethereum, Solana, and Polkadot exhibiting minimal movement.

Despite facing resistance at previous all-time highs, Bitcoin achieved its second-highest weekly close ever, with market analysts anticipating a return of volatility in the upcoming week.

The press radar on this topic:

CoinDesk
10. Juni 2024 um 08:12

Bitcoin, Ether Little Changed Over Weekend After $400M Liquidation Rout

Finance
Economy
Bitcoin and ether remained stable over the weekend after a $400 million liquidation event, but market volatility is expected to increase this week with key macroeconomic events. Record leverage on bitcoin futures led to a market plunge following strong US jobs data, impacting altcoins like dogecoin and shiba inu. Open interest and trading volumes decreased, signaling traders are adjusting their positions.
Cointelegraph.com News
10. Juni 2024 um 09:13

2nd highest weekly close ever — 5 things to know in Bitcoin this week

Finance
Economy
Bitcoin (BTC) is facing resistance at its old 2021 all-time highs of $69,000, with a tug-of-war between bulls and bears. The market is awaiting the release of inflation data and the Federal Reserve's interest rate decision for potential catalysts. Despite staying rangebound, BTC managed to achieve its second-highest weekly close ever at $69,630.
CoinDesk
10. Juni 2024 um 12:01

First Mover Americas: Bitcoin Little Changed After Liquidation Rout

Finance
Economy
Bitcoin remained relatively stable over the weekend following a significant liquidation event on Friday, with the number of unsettled futures contracts decreasing. Analysts expect market volatility to return in the upcoming week due to macroeconomic catalysts. Crypto investment products saw substantial inflows, with Bitcoin leading the activity.
The Defiant
10. Juni 2024 um 16:27

Crypto Markets Tread Water as Traders Await Fed's Interest Rate Decision

Finance
Crypto markets are stagnant as traders await the Federal Reserve's interest rate decision. Bitcoin remains steady just below $70,000, while other major cryptocurrencies like Ethereum, Solana, and Polkadot show minimal movement.
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