Author: Cointelegraph by Nancy Lubale

Bitcoin Investing Made Simple!

Bitcoin price attempts to turn the tide after Fed's 0.5% rate cut

Bitcoin price rallies to $61,000 after the Federal Reserve cuts rates by 50 basis points for the first time since 2020. Source link

Bitcoin’s ‘local market structure’ could push BTC price to new all-time high — Analysts

Analysts say Bitcoin’s recent price action could be a sign that the path to new all-time highs has begun. Source link

Crypto investment products see $436M inflow while Ethereum continues to suffer

Inflows to crypto investment products rose over the past week, but Ethereum continues to lose investors’ interest. Source link

Did the crypto market bottom this week? — Here’s what the data shows

Bitcoin is chasing $60,000, and altcoins are showing modest gains today. Does that mean the crypto market has bottomed? Source link

3 reasons why Ethereum price has lagged behind Bitcoin in 2024

Ethereum fell to a 40-month low in its ETH/BTC pair, and data suggests the downside is set to continue.   Source link

Crypto exchange volumes reflect Bitcoin traders’ ‘reduced trading appetite’ — Glassnode 

Glassnode data highlights a “notable decline in trade activity over the last quarter,” but traders are hopeful that Q4 will bring a sharp trend reversal.  Source link

Bitcoin traders celebrate ‘good news’ as BTC price trades above $56K

Bitcoin’s weekly close above a key support level is “good news” according to traders, and today’s rally to $56,500 could be a sign that the bottom is in. Source link

Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify 

Bitcoin traders appear to be throwing in the towel and coming to terms with the reality that BTC price could fall below $50,000 in the short term. Source link

Bitcoin investors ‘relatively profitable’ even as the bull market takes a pause

A growing number of short-term Bitcoin traders’ positions are held at a small loss, but data shows a healthy market when compared to previous bull cycles. Source link

Bitcoin falls alongside stocks following Bank of Japan rate hike comments 

Bitcoin opens the week in the red as comments from the Bank of Japan and a sharp sell-off in equities markets negatively impact BTC price. Source link