BTC Price Forecast
Bitcoin stays below $112k ahead of Powell speech. BTC is down 3% in the last 24 hours and now trading below $112k.
Bitcoin, the leading cryptocurrency by market cap, is down 3% in the last 24 hours and is now trading around $111,200 per coin. The bearish performance comes amid rising US-China trade conflict.
- Spot Bitcoin Exchange Traded Funds (ETFs) recorded an outflow of over $320 million on Monday.
- Investors are taking a cautious approach to the market.
Fed chair Jerome Powell is set to speak later today, with market participants focusing their attention on the event, which could spark fresh volatility across risk assets, such as Bitcoin.
Investors will be looking for fresh hints on the possibility of an interest rate cut later this month.
Author's summary: Bitcoin price forecast remains uncertain.
More News
- Trial for Detroit woman found alive in body bag delayed
- What Tefi Pessoa Can’t Live Without
- Ange Postecoglou is 'not the biggest mistake' at Nottingham Forest despite winless streak
- How Computer-Aided Design Changed the World - CEOWORLD magazine
- Interview: Haitian American vocalist blends Afrobeats and Caribbean music styles
- Lightbridge fuel prepared for testing - Nuclear Engineering International
- 10 Air Jordan Concepts That Put Nike’s Current Drops to Shame
- Finding cheaper fuel is easier with Servo Saver
- Popette: Pedro Pascal stays booked and busy
- James Gunn Reveals If Man of Tomorrow Answers This Big Peacemaker Question