Bitcoin News Today; $BTC Next pump is start now 71$k
Bitcoin News Today; $BTC Next pump is start now 71$k
Bitcoin News Today; $BTC Next pump is start now 71$k
Bitcoin News Today; $BTC Next pump is start now 71$k
Bitcoin News Today; $BTC Next pump is start now 71$k
Bitcoin News Today; $BTC Next pump is start now 71$k
Bitcoin News Today; $BTC Next pump is start now 71$k
Bitcoin News Today; $BTC Next pump is start now 71$k
exdropzone crypto news today;
The price of bitcoin increased on Wednesday as dismal economic data kept coming in, supporting mounting hopes of a U.S. interest rate cut. The currency also managed to break out of a previous trading range.
In addition, this pattern supported overall cryptocurrency values as investment inflows increased throughout the previous month. More capital inflows are anticipated in the near future, as seen by the introduction of spot Bitcoin exchange-traded funds in Australia.
This week's dollar slump helped the cryptocurrency markets as well.
In the last 24 hours, Bitcoin increased 2.7%, reaching $70,917.7 by 01:43 ET (05:43 GMT).
Bitcoin exits the trading range and approaches all-time highs.
The largest cryptocurrency in the world was trading just $3,000 below a new record high after breaking out of a trading range of $60,000 to $70,000 that it had been in since mid-March.
After the token soared to record highs in early March, a combination of profit-taking, worries about high interest rates, and waning enthusiasm for Bitcoin ETFs had held Bitcoin in a trading range.
However, it suddenly seemed that interest in cryptocurrencies was increasing, particularly given the likelihood of reduced interest rates this year.
Lower interest rates are often advantageous for riskier assets like cryptocurrency because more liquidity encourages more speculative trading.
Today's cryptocurrency price: altcoins rise in response to ongoing rate cues
Broader cryptocurrency prices rose on Wednesday as prospects of future Federal Reserve interest rate reduction were bolstered by poor U.S. economic data.
The top-ranked token globally, Ether, increased by 0.7%, while SOL, XRP, and ADA saw increases of 0.9% to 5%.
SHIB increased 8% among meme tokens, and DOGE added 3.1%.
September rate cuts became more likely following Tuesday's less optimistic job openings data.
The reading was preceded by weak purchasing managers index data and a lower estimate of the first-quarter GDP in the United States.
Although the figures increased speculation for a rate decrease in September, this week's attention was still on the impending nonfarm payrolls statistics, which might provide more conclusive signals about the labour market and interest rates.
Bitcoin News Today; $BTC Next pump is start now 71$k
exdropzone crypto news today;
The price of bitcoin increased on Wednesday as dismal economic data kept coming in, supporting mounting hopes of a U.S. interest rate cut. The currency also managed to break out of a previous trading range.
In addition, this pattern supported overall cryptocurrency values as investment inflows increased throughout the previous month. More capital inflows are anticipated in the near future, as seen by the introduction of spot Bitcoin exchange-traded funds in Australia.
This week's dollar slump helped the cryptocurrency markets as well.
In the last 24 hours, Bitcoin increased 2.7%, reaching $70,917.7 by 01:43 ET (05:43 GMT).
Bitcoin exits the trading range and approaches all-time highs.
The largest cryptocurrency in the world was trading just $3,000 below a new record high after breaking out of a trading range of $60,000 to $70,000 that it had been in since mid-March.
After the token soared to record highs in early March, a combination of profit-taking, worries about high interest rates, and waning enthusiasm for Bitcoin ETFs had held Bitcoin in a trading range.
However, it suddenly seemed that interest in cryptocurrencies was increasing, particularly given the likelihood of reduced interest rates this year.
Lower interest rates are often advantageous for riskier assets like cryptocurrency because more liquidity encourages more speculative trading.
Today's cryptocurrency price: altcoins rise in response to ongoing rate cues
Broader cryptocurrency prices rose on Wednesday as prospects of future Federal Reserve interest rate reduction were bolstered by poor U.S. economic data.
The top-ranked token globally, Ether, increased by 0.7%, while SOL, XRP, and ADA saw increases of 0.9% to 5%.
SHIB increased 8% among meme tokens, and DOGE added 3.1%.
September rate cuts became more likely following Tuesday's less optimistic job openings data.
The reading was preceded by weak purchasing managers index data and a lower estimate of the first-quarter GDP in the United States.
Although the figures increased speculation for a rate decrease in September, this week's attention was still on the impending nonfarm payrolls statistics, which might provide more conclusive signals about the labour market and interest rates.
