#NEARRisesNearly80%InAWeek $BTC
@bitcoin climbs to dangerous levels and with headwinds against it, what comes next?.
#BTC☀️ Bitcoin climbs to levels where it has already pulled back decisively on previous occasions, despite the bad news that marked last week. This analysis will be useful to understand why bitcoin moved higher despite this context, what is happening with the main cryptocurrency, and what could happen during the next week.
#Bitcoin❗ At the time of writing this analysis, the price of bitcoin is trading at $80,544, with daily losses of 0.9%, weekly gains of 4.8%, and a monthly advance of 3.9%. The largest cryptocurrency by market cap is struggling to stay above $80,000. Will it manage it?
▫️Why did the price of bitcoin rise despite all the headwinds, and what to expect now?
Strong headwinds blew against bitcoin last week and, still, the cryptocurrency managed to push through.
$BTC
Pressure began on Tuesday, when the U.S. Senate failed to get the 60 votes needed to move forward with the CLARITY Act. Bitcoin reacted by falling to the $74,800 area. The next day, the Federal Reserve raised interest rates in its first increase since 2023. The Fed lifted its benchmark rate by 25 basis points, to a range between 3.75% and 4%.$BTC
@bitcoin climbs to dangerous levels and with headwinds against it, what comes next?.
#BTC☀️ Bitcoin climbs to levels where it has already pulled back decisively on previous occasions, despite the bad news that marked last week. This analysis will be useful to understand why bitcoin moved higher despite this context, what is happening with the main cryptocurrency, and what could happen during the next week.
#Bitcoin❗ At the time of writing this analysis, the price of bitcoin is trading at $80,544, with daily losses of 0.9%, weekly gains of 4.8%, and a monthly advance of 3.9%. The largest cryptocurrency by market cap is struggling to stay above $80,000. Will it manage it?
▫️Why did the price of bitcoin rise despite all the headwinds, and what to expect now?
Strong headwinds blew against bitcoin last week and, still, the cryptocurrency managed to push through.
$BTC
Pressure began on Tuesday, when the U.S. Senate failed to get the 60 votes needed to move forward with the CLARITY Act. Bitcoin reacted by falling to the $74,800 area. The next day, the Federal Reserve raised interest rates in its first increase since 2023. The Fed lifted its benchmark rate by 25 basis points, to a range between 3.75% and 4%.$BTC
