Regulatory FUD continues to impact Bitcoin price, but noshitcoins explains why BTC bulls are still confident.
) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors' hope for a soft landing and the possible aversion of a recession in the U.S. economy.
In a Feb. 23 New York Magazine interview, Securities and Exchange Commission Chair Gary Gensler claimed"everything other than Bitcoin" Let's look at Bitcoin derivatives metrics to better understand how professional traders are positioned in the current market conditions.Traders should refer to the USD Coin premium to measure the demand for cryptocurrency in Asia. The index measures the difference between China-based peer-to-peer stablecoin trades and the United States dollar.
Since Feb. 25, Bitcoin price has gained 4.5%, indicating that the impact of the regulatory newsflow has been limited. More importantly, the global stock market reacted positively on Feb. 27 after the U.S. Commerce Department reported durable goods orders down 4.5% in January versus the previous month. This data added pressure for the U.S. FED to reduce its interest rate hike program earlier than expected.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
BTC whale population shrinks to early 2020 levels — 5 things to know in Bitcoin this weekBitcoin heads into the February monthly close with BTC price action skirting key levels.
Leer más »
Ethereum (ETH) Primed for Breakout Against Bitcoin (BTC), Ex-Ark Invest Crypto Analyst SaysEthereum $ETH pump against Bitcoin $BTC is highly likely, crypto analyst explains why bitcoin btc bitcoinnews eth ethereum ether ethereumnews pow pos
Leer más »
Bitcoin (BTC), Ethereum (ETH) Showing Historical Bottoming Indications per This MetricBitcoin (BTC), Ethereum (ETH) exhibit promising signs of reversal based on this metric $BTC $ETH BTC ETH
Leer más »
BTC Community Wants Elon Musk to Integrate Bitcoin Lightning Payments, Poll SaysBitcoiners ask ElonMusk to implement $BTC LightningNetwork payments on Twitter, according to this poll. BTC_Archive
Leer más »
Allure of Bitcoin Ordinals, DeFi Drives Crypto Funds to Bitcoin Layer 2-Token StacksCrypto funds such as NorthRockLP are turning to stacks tokens as part of a bet on Bitcoin ecosystem growth seen stemming from bitcoin-related financial ecosystems and the recent introduction of Ordinals. By shauryamalwa
Leer más »
Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia – Mining Bitcoin NewsThe bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a site in Sharon, Pennsylvania.
Leer más »