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US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity /
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2024-06-10 08:54:39

US PMI Drop Puts Pressure on Bitcoin and Crypto Market Amid Cooling Business Activity on Nostr: Bitcoin and Ether Stabilize After Liquidation Rout, Market Volatility Expected ...

Bitcoin and Ether Stabilize After Liquidation Rout, Market Volatility Expected
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#4b5de303 ver:0.75

Bitcoin and Ether stabilize after liquidation rout, but market volatility expected. Bitcoin trading around $69,400 and Ether around $3,660. Open interest and trading volumes down. Analysts anticipate increased volatility due to key macroeconomic events. Altcoins mixed, with Ethereum rising 1.6%. Bitcoin nears record high, supported by spot ETF approval and weak US economic data. Altcoin prices advance. Bitcoin price falls 4% triggered by disappointing NFP data. Market-wide crash sees BTC lose $55 billion in market cap. $68,000 remains major support. BTC investors sell-off, derivatives traders suffer liquidations. BTC bulls mount new long positions....

#newstr #Bitcoin #Ether #Cryptocurrency #MarketVolatility #LiquidationRout

https://here.news/story/4b5de303?ver=0.75
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