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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-06-11 18:08:20

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin's Price Stabilizes Around $69,400 as Market Volatility Looms =============== ...

Bitcoin's Price Stabilizes Around $69,400 as Market Volatility Looms
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#4b5de303 ver:0.79

Bitcoin's price stabilizes around $69,400 amid market volatility. A $400 million liquidation event triggered a downturn, impacting meme stocks, alternative tokens, and meme coins. Open interest and trading volumes decline. Increased market volatility expected due to key macroeconomic events. Bitcoin and Ethereum experience slight declines following stronger-than-expected US jobs data. Despite the decline, inflows into spot Bitcoin ETFs indicate continued buying interest. Market expected to remain choppy in the coming week. #Bitcoin #cryptocurrency #marketvolatility #Ethereum...

#newstr #Bitcoin #Ether #MarketVolatility #UsJobsData #MacroeconomicEvents #LiquidationRout #FomcMeeting #UsInflation #FederalReserve

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