Bitcoin gets $28K 'plunge protection' with BTC price due new volatility

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

FOMC day is here, and Binance has a line of new bid support just below $28,000.

While barely moving since the start of the week, Bitcoin volatility was fully on market participants’ radar with macro triggers just hours away.

Both the announcement itself and subsequent commentary from Fed Chair Jerome Powell were of interest on the day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

While barely moving since the start of the week, Bitcoin volatility was fully on market participants’ radar, with macro triggers just hours away. As the first of these, the Fed rates announcement was tipped to spark erratic — if unreliable — short-term BTC price moves.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Bullish Sign: Here's Which Indicator of Possible BTC Breakout to Watch: ReportRecently shared report indicates crucial bullish sign for Bitcoin that must be watched out for
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitfinex Moves Gargantuan Bitcoin (BTC) Chunk, Here's Surprising DestinationMajor exchange Bitfinex has seen hundred million USD in Bitcoin withdrawn from it, here's what research report has to say about this
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin Whale Moves $37M BTC After 11 Years of DormancyThe movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
Source: CoinDesk - 🏆 291. / 63 Read more »

Bitcoin whale exchange inflow share hits 1-year high — over 40%Bitcoin whales account for the biggest exchange flow portion in a year at current BTC levels. Since BTC price action returned to $30,000, a shift has taken place among Bitcoin traders. As Glassnode shows, so-called short-term holders (STHs) — investors holding coins for a maximum of 155 days — have become significantly more common.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin Network’s High Difficulty Levels Poised to Ease Amid Longer Block Intervals – Mining Bitcoin NewsStatistics show Bitcoin's difficulty is poised to decline by an estimated range of 3.9% to 4.04% come July 26, 2023.
Source: BTCTN - 🏆 531. / 51 Read more »

Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis – Mining Bitcoin NewsWhile the clothes dryer serves to dry clean laundry, the bitcoin mining machine also compensates the owner in satoshis.
Source: BTCTN - 🏆 531. / 51 Read more »