Bitcoin fails to halt a low-timeframe BTC price decline for long as traders look to the week’s final US jobs data.
Bitcoin (BTC) tagged $57,000 at the Sept. 5 Wall Street open as United States equities gained on macroeconomic data prints.
BTC/USD 1-hr candle chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed a BTC price action briefly reversing a slide that had begun after the prior daily close.
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.
Bitcoin (BTC) price has dropped 6.5% over the last seven days and the downside continued on Sept. 3 as the DOW dropped by 1.2%. The S&P 500 dropped 1.3%, while the Nasdaq Composite index slid 1.8% over the same period. Some traders attribute the downside to statements from the Bank of Japan (BoJ), rekindling recession fears regarding the health of the global economy.
BTC/USD hourly chart. Source: TradingView
According to Bloomberg, the market also fell on Tuesday, Sept. 3, as the Bank of Japan hinted at more interest rate hikes.
Bitcoin investors who bought in at the March highs have been fighting choppy BTC price action ever since.
Bitcoin (BTC) is giving “new investors” a run for their money in a style similar to before its 2020 all-time high, analysis says.
In a Quicktake blog post on Sept. 2, onchain analytics platform CryptoQuant likened current short-term holder trends to mid-2019.
Bitcoin buyers from the past six months are either hodling firm or selling at a loss after half a year of sideways BTC price action.
As bitcoin prices slipped under $60,000 in early September, the once-electric excitement around bitcoin seems to have dimmed, as reflected in Google Trends data. Back on Jan. 1, 2024, the search term “bitcoin” was coasting along with a score of 57 out of 100, but fast forward to now, and it’s plunged to 32. When […]
BTC price conditions fail to improve over the weekend, and liquidity grabs could be on the menu next, one Bitcoin trader suggests.
Bitcoin (BTC) shed more than 2% on Sep. 1 as an “out of hours” monthly close turned ugly for bulls.
BTC/USD 1-hour chart. Source: TradingView
Data from Cointelegraph Markets Pro and TradingView showed BTC price weakness producing lows of $57,230 on Bitstamp — a level last seen on Aug. 16.
Bitcoin buyers attempt to turn the tables on overhead liquidity around the Wall Street open as BTC price approaches $61,000.
Bitcoin (BTC) sought to reclaim $60,000 around the Aug. 29 Wall Street open as United States macro data spared bulls major volatility.
Data from Cointelegraph Markets Pro and TradingView tracked local highs of $60,845 on Bitstamp, marking BTC price gains of 3% on the day.
These came as US jobless claims and GDP figures broadly adhered to expectations, with the former narrowly missing the forecast levels.
BTC price momentum sags as Wall Street returns amid surprise that Bitcoin could not capitalize further on last week’s macro news.
Bitcoin (BTC) went nowhere at the Aug. 26 Wall Street open as analysis stepped up warnings of a short-term BTC price correction.
Related: 4 reasons why Bitcoin may see $60K before $70K
Data from Cointelegraph Markets Pro and TradingView revealed signs of weakness starting to show on low timeframes as BTC/USD stayed below $64,000.
Bitcoin faces a crunch candle close this week as BTC price rebound battles sellers to cancel its early August collapse.
Bitcoin heads into the August monthly close with a welcome recovery as BTC price action targets $65,000.
The largest cryptocurrency has delivered a remarkable show of strength over the past week, and traders hope the good times will continue.
A sideways weekend aside, Bitcoin (BTC) is cementing its gains and is now up an impressive 40% from the month’s $45,500 lows.
Bitcoin holds its latest advances over the weekend, but there are plenty of arguments calling for a snap BTC price retracement.
Bitcoin (BTC) circled $64,000 into the Aug. 25 weekly close as analysis warned that BTC price gains could soon be wiped.
Data from Cointelegraph Markets Pro and TradingView showed a flat weekend for BTC/USD after rapid gains at the end of the previous Wall Street trading session.
These followed promising signals from the United States Federal Reserve regarding policy easing in September, specifically the first interest rate cuts since 2019.
Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism is largely being credited to the Federal […]