Bitcoin price faces multiple macro headwinds including a resurgent dollar.
"The odds of a 'pause' in interest rate hikes next month have now risen to virtual certainty in futures and swaps markets, having been seen as an 84% chance before the numbers came out."
Thus, a souring risk appetite would be a boon for the dollar, while increasing the risk of Bitcoin failing to reclaim $30,000 in the short term.has risen nearly 15% to over $2,000 an ounce amid the banking crisis. The positive correlation with Bitcoin has also grown stronger with its weekly coefficient reading at 0.82 as of May 14.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bitcoin's dive under $27K liquidates $100M — So why aren't margin traders flipping bearish?Bitcoin might be below $27K but BTC futures market is hinting at a rebound ahead.
Baca lebih lajut »
PEPE Shoots Up 20% Daily, Bitcoin Flat at $27K (Weekend Watch)After several consecutive days of price drops, PEPE has bounced off rather impressively.
Baca lebih lajut »
Science on a shoestring: the researchers paid $15 a monthThis week on the Nature Careers Podcast: How scientists based in resource-poor regions tackle salary uncertainty, power outages and equipment shortages
Baca lebih lajut »
The Downside of 'Fight for $15:' Wendy's to Take Orders with Google-Powered AI ChatbotFast-food giant Wendy's is set to automate its drive-through service by employing an AI chatbot powered by Google, replacing human employees who normally take orders. One Wendy's executive gave the chatbot high ratings, saying, 'It's at least as good as our best customer service representative, and it's probably on average better.'
Baca lebih lajut »
Bitcoin, Ethereum Technical Analysis: BTC Plunges Under $27,000, Hitting 7-Week Low – Market Updates Bitcoin NewsBitcoin fell to a seven-week low on May 12, as prices dropped below the $27,000 level in today’s session. Ethereum fell below $1,800.
Baca lebih lajut »
Frogs, Fevers and Fees: Bitcoin’s New Governance ChallengeThe creation of Bitcoin-based meme coins using the new BRC-20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction. But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects, such censorship could run counter to Bitcoin's open-source characteristics, CoinDesk's chief content officer Michael Casey argues.
Baca lebih lajut »