2024-06-11 20:01:52

Bitcoin Volatility Continues as ETFs See Outflows and Market Uncertainty Grows

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Bitcoin and other cryptocurrencies experienced a sharp decline, with Bitcoin dropping 5% and trading at $66,600. This decline was accompanied by outflows from U.S.-listed spot Bitcoin ETFs, with $65 million leaving the market.

Market uncertainty grew due to concerns over the property market, right-wing party gains in European elections, and upcoming U.S. CPI release and Fed rate decision.

Analysts predict further price drops for Bitcoin, with some expecting it to reach as low as $30,000 or $32,000. Traders are bracing for volatility influenced by the FOMC meeting and CPI report.

Despite the dips, optimism remains high, with predictions that Bitcoin could reach $150,000 this year.

The press radar on this topic:

Cointelegraph.com News
4. Juli 2024 um 23:31

How low can the Bitcoin price go?

Finance
Bitcoin price weakness is causing the market to drop, with concerns over regulatory actions against Binance. BTC/USD fell to $35,600, its lowest level since November 16, but rebounded due to short positions closing. Analysts predict that the price could drop further to $30,000 or $32,000, with volatility expected to continue.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
11. Juni 2024 um 22:32

Ethereum to break $6,000 thanks to ETF approval, analyst says

Finance
Cryptocurrencies & blockchain
Ethereum is predicted to surpass $6,000 with the approval of spot ethereum exchange-traded funds by the SEC. Analysts foresee a surge in ethereum's value, with some predictions reaching as high as $8,000 by 2024.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
17. Juni 2024 um 09:13

Bitcoin call options show investors optimistic about price breaking $74,000

Finance
Bitcoin investors are optimistic about the price surpassing $74,000, as indicated by call option data showing bullish sentiment. Analysts attribute the positive momentum to inflows from bitcoin ETFs and anticipate approval of ethereum ETFs to further drive market growth. Institutional demand and interest rates are key factors influencing bitcoin's appeal compared to traditional investments.
TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
17. Juni 2024 um 15:14

Bitcoin may jump to $150,000 this year, Gemini official says

Finance
Gemini official predicts Bitcoin could reach $150,000 this year due to the approval of spot bitcoin ETFs, leading to increased liquidity and investment. Ethereum also sees potential growth with the approval of spot ether ETFs, attracting more investors to the crypto space.
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