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The statement appears as Jerome Powell keeps the door of a 0.5% rate hike open in summers, and Fitch Ratings warn about a major slash in the U.S. gross domestic product (GDP).
Bitcoin traders are eyeing these price levels as BTC rebounds from weekend crash Bitcoin is recovering, and traders are pinpointing $57,000 and $60,300 as the key short-term price levels to watch. 26313 Total views Market Analysis The price of Bitcoin (BTC) is recovering after a strong sell-off during the weekend caused by cascading liquidations in the futures market. BTC/USDT 15-minute price chart (Binance). Source: TradingView.com Traders are pinpointing three levels as the critical price areas to watch in the short term: $51,200 as the major support, $60,300 as the important resis...
Markets News JPMorgan expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold. The optimistic macro prediction from both funds revolves around the scarcity of Bitcoin, which has buoyed its popularity as a safe-haven asset. BTC/USD 1-day price chart (Binance). Source: TradingView.com Why are both high-profile funds so optimistic in Bitcoin? As Cointelegraph previously reported, the outlook of the U.S. dollar index is on the decline. The fear of inflation and the increasing liquidity in the financial markets is causing reserve ...