Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’
Bitcoin’s weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024. Go to Source
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Bitcoin’s weekend rally fizzles under $64K — Pro traders take neutral positions
Professional Bitcoin traders have yet to hop on the wagon after BTC’s weekend rally. Cointelegraph explains why. Go to Source
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that the Federal Reserve risks making a policy mistake by cutting interest rates too soon. ‘The Stage Is Set … Read more
Bitcoin seen following stocks as BTC price gains 2.5% to attack $61K
Bitcoin stands to gain from increasingly risk-on macro sentiment, but can it shift a stubborn BTC price range? Go to Source
Bitcoin pinned below $60K — Is BTC consolidating or preparing for more downside?
Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop Go to Source
UBS Urges Caution Despite Positive US Economic Data
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait … Read more
World’s 3rd largest public pension fund buys $34M MicroStrategy shares
South Korea’s public pension fund has just upped its crypto exposure further, buying tens of thousands of shares in MicroStrategy. Go to Source
Wall Street sounds AI bubble alarm — Will crypto AI projects survive?
After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will crypto AI projects survive? Go to Source
Possible Bitcoin price drop to $52K rises as BTC derivatives data shows traders losing hope
Worsening US macroeconomic data and some slight changes in the Bitcoin options market could be signs that BTC’s price weakness is set to intensify. Go to Source
Bitcoin could fall below $50K if Magnificent 7 stocks stage another $500 billion loss
Bitcoin could see more downward pressure if the top tech stocks in the US continue to shed value. Go to Source