US EditionBitcoin (BTC) News Today: Flash Crash Erases the Powell Spike as Options Signal Lingering Market Jitters
6 Articles
6 Articles
Crypto Flash Crash Deepens: Is It a Dead-Cat Bounce?
The crypto flash crash resumed on Aug. 25, erasing much of the market’s weekend gains. Bitcoin (BTC) and Ethereum (ETH) plunged as liquidations surged and bearish technical patterns emerged, raising fears that the recent rally may have been a dead-cat bounce. Crypto Flash Crash: Market Overview After Federal Reserve Chair Jerome Powell’s dovish remarks at Jackson Hole sparked optimism last week, cryptocurrencies rallied. However, Monday’s crypto…
Bitcoin relapsed under $112,000 after approaching $118,000, invalidating the positive impact of Jerome Powell's speech. Key levels are $110,000 and then $100,000 for support, and $117,500 to $122,000 for resistance. Ethereum reached a new top drop of $4,590, with critical support at $4,000 and major resistance at $5,000. Bitcoin fell after its rise to 118,000 Bitcoin erased the rebound caused by Jerome Powell on Friday. After approaching the $11…
The fact that Bitcoin falls below the level of before the Powell speech in Jackson Hole might be an indication that Wall Street Powell's statements on interest rates misunderstood! So Powell spoke not of a reduction in interest rates, but of a "adaptation" (which means that the Fed could also raise interest rates if inflation [...] The post Why does Bitcoin fall? Wall Street misunderstood Powell at interest rates! Video view appeared first on fi…
Bitcoin Chalks Out Lower Price High After Powell, Ether Prints Doji at Lifetime Peak – MAXBIT
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Powell brings bearish lower high Bitcoin (BTC) has retraced to levels last seen before Federal Reserve Chair Jerome Powell’s dovish remarks on Friday, which set expectations for a potential rate cut in September. At the time of writing, BTC is...
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