Bitcoin Stalls Around 70K After US Economic Data

6h ago•

bullish:

bearish:

A retail investor is in a contemporary office or living room, sitting on the edge of a chair or slightly leaning toward a table. He holds a smartphone in his hand and watches the market situation with calm tension. On the table in front of him, a large stylized Bitcoin coin rests exactly between two glowing markers or abstract visual boundaries, suggesting a holding zone. Behind him or on the wall, a heavy institutional shadow is projected, evoking the macroeconomic and monetary pressure from the Fed that prevents Bitcoin from clearly breaking out of this range.

Bitcoin is again moving within an uncertainty zone around 70,000 dollars. Behind this apparent stability, markets watch a key factor: U.S. monetary policy. The latest economic data released in the United States have cooled expectations of a rapid rate cut by the Federal Reserve. Thus, the probabilities of easing as early as March have almost evaporated. In this context, the crypto market enters a wait-and-see phase. Between macroeconomic signals and key technical levels, analysts now try to anticipate Bitcoin's next direction.

L’article Bitcoin Stalls Around 70K After US Economic Data est apparu en premier sur Cointribune.

6h ago•

Cointribune

bullish:

bearish: