Bitcoin sees a
9% bounce from lows as traders anticipate a bottom. Despite facing a significant price crash, fears rise due to potential
$1.9 trillion shock. Worries increase further as historically notorious
Mt. Gox begins repaying bitcoin, triggering concerns of a market crash. Over-the-Counter (OTC) desk balances of Bitcoin exceed 300,000 BTC while famous trader
Peter Brandt raises issues about Bitcoin's performance. Questions arise if it's a prudent move to purchase Bitcoin whilst it's less than $60,000 with July heralding a slump in its value. Analysts warn of a 'Game Over' if Bitcoin dives below a crucial support level. Several factors need vigilant watch in the Bitcoin and Crypto markets in 2024's second half. The
German Government seems relentless in selling Bitcoin, inciting demands for strategic overhauls by lawmakers.
Jack Dorsey predicts the replacement of the US Dollar by Bitcoin, envisioning a $1 million target. Anxiety escalates as Bitcoin's price hits 2-month low due to election uncertainties and potential Fed's reluctance to cut rates, fueling a tumultuous trajectory of the crypto market.
Bitcoin News Analytics from Sun, 23 Jun 2024 07:00:00 GMT to Mon, 08 Jul 2024 01:22:00 GMT -
Rating -5
- Innovation 4
- Information 8
- Rumor -7
