Bitcoin withstands $90 oil and rising yields while gold slides. A firm dollar is the catch
12 Articles
12 Articles
The bitcoin operates in decline on Wednesday (2), and around US$ 77 thousand, following the increase in risk aversion in the markets after a new escalation of tensions between the United States and Iran. At around 11am, the bitcoin drops 1.9% in 24 hours, to US$ 77,087.08 , according to CoinGecko. In Brazil, the cryptocurrence was negotiated to R$ 396,226.36, with a fall of 1.73%, according to the CoinTrader Monitor. The movement occurs in the m…
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BITRSSBitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil
JOLTS turnover weakened, but ISM prices at 71.1 and a 66% closing hike probability kept the rates threat alive. The post Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil appeared first on CryptoSlate.
Gold has given back all of its massive gains from mid-August and has even fallen below the level at which it began its rally. Bitcoin, on the other hand, has remained more resilient under the same macroeconomic pressures, holding steady around $77,000.
The crypto market remains under pressure in early September, with Bitcoin falling to $76,774 and Ethereum to $2,382. The post Bitcoin below $77,000 as ETF capital heads to altcoins appeared first on CryptoDnes.bg.
Bitcoin Holds Below $77,000 as Middle East Tensions Pressure Crypto
Bitcoin has slipped below Rs. 73.6 lakh as rising oil prices, Treasury yields and stronger expectations of a September Fed rate hike weigh on risk appetite. Institutional demand remains supportive, with August recording strong spot Bitcoin ETF inflows. Investors are now watching the US jobs report for fresh clues on monetary policy.
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