Bitcoin’s prices depend on this week’s Fed events: What’s going on?

has encountered volatile price movements in recent days, exemplified by a notable over 3% decline on the 10th of May, which drove its value down to $60,000.

The BLS schedule indicates two key events: the Producer Price Index today and the Consumer Price Index on the 15th of May. Additionally, the BLS website indicates an upcoming event focused on employment claims later in the week. While attempting to recover since the 11th of May, Bitcoin could only reach approximately $62,900. At the time of this writing, it was trading at around $62,000, with a decline of over 1%.Examination of the stochastic indicator suggested the possibility of further decline, as a crossover was still ongoing.

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.

How did Bitcoin’s price react to Fed meeting, unchanged interest rates?Bitcoin fluctuated around $57K after the US Fed kept interest rates unchanged at 5.25 - 5.50%, with no clear rate cuts.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin ETFs saw record outflows around Fed rate decisionBitcoin (BTC-USD) is holding above $58,000 after falling to a two-month low ahead of the Federal Reserve's interest rate decision on Wednesday. Yahoo Finance...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Crypto washout sends bitcoin below $58,000 ahead of Fed decisionThe value of the world’s most traded cryptocurrency fell by nearly 16% in April
Source: globeandmail - 🏆 5. / 92 Read more »

Bitcoin down, stocks up as investors eye this week’s Fed meetingThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »