Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 535. (Read 26467101 times)
April 10, 2024, 01:27:14 PM
April 10, 2024, 01:01:15 PM
April 10, 2024, 12:58:09 PM
Good ol bitcoin
April 10, 2024, 12:49:18 PM
Oh no, buying at $150 per coin was such a mistake.
Pls ser, muh familia.
April 10, 2024, 12:42:17 PM
April 10, 2024, 12:08:52 PM
Vivek4real_
US #Bitcoin ETFs took the price from $45K to 70K. That's an 80% increase within just 3 months.
Expect a similar outcome from 🇨🇳 Asia approving #Bitcoin ETFs next week, along with halving.
Are you mentally prepared for $100K?
https://x.com/vivek4real_/status/1778050635239166060
My body is ready.
US #Bitcoin ETFs took the price from $45K to 70K. That's an 80% increase within just 3 months.
Expect a similar outcome from 🇨🇳 Asia approving #Bitcoin ETFs next week, along with halving.
Are you mentally prepared for $100K?
https://x.com/vivek4real_/status/1778050635239166060
My body is ready.
April 10, 2024, 12:01:16 PM
April 10, 2024, 11:42:41 AM
Well, clearly it WILL happen. 
https://www.reuters.com/technology/grayscale-ceo-sees-bitcoin-etf-outflows-reaching-equilibrium-2024-04-10/
https://www.reuters.com/technology/grayscale-ceo-sees-bitcoin-etf-outflows-reaching-equilibrium-2024-04-10/
Quote
Outflows from the Grayscale Bitcoin Trust (GBTC.P), may be reaching an equilibrium after months of investor selling,
Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs.
Michael Sonnenshein, CEO of crypto asset manager Grayscale Investments, told Reuters on the latest episode of Inside ETFs.
April 10, 2024, 11:01:16 AM
April 10, 2024, 10:10:07 AM
Lol at the headlines. Inflation is .1% above expectations.
And when you sell bitcoin because inflation is higher, you really don't get it.
And when you sell bitcoin because inflation is higher, you really don't get it.
April 10, 2024, 10:01:15 AM
April 10, 2024, 09:59:24 AM
#random
Oh! If you guys are looking for a new PC/PS5 game to play, I'm totally addicted to Helldivers 2. What an incredible team-based game wow!
One of the best team-play shooters I've played since Counterstrike.
The violence and destruction is gratuitous!
Oh! If you guys are looking for a new PC/PS5 game to play, I'm totally addicted to Helldivers 2. What an incredible team-based game wow!
One of the best team-play shooters I've played since Counterstrike.
The violence and destruction is gratuitous!
April 10, 2024, 09:37:56 AM
Lol at the headlines. Inflation is .1% above expectations.
And when you sell bitcoin because inflation is higher, you really don't get it.
And when you sell bitcoin because inflation is higher, you really don't get it.
yep it looks like I will be getting some cheap corn today or tomorrow.
April 10, 2024, 09:20:05 AM
Lol at the headlines. Inflation is .1% above expectations.
And when you sell bitcoin because inflation is higher, you really don't get it.
And when you sell bitcoin because inflation is higher, you really don't get it.
April 10, 2024, 09:01:15 AM
April 10, 2024, 08:59:34 AM
Despite a good sun
Keep disliking the red on my screen
#HodlTheHalvingIsNear
Keep disliking the red on my screen
#HodlTheHalvingIsNear
April 10, 2024, 08:53:39 AM
https://www.newsbtc.com/news/bitcoin/drivers-bitcoin-price-crash/
Here Are The Drivers Behind The Bitcoin Price Crash To $68,000
Scott Matherson by Scott Matherson April 10, 2024 in Bitcoin Reading Time: 3 mins read
Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto.
Inflation Data Expected To Come In Hot
The March Consumer Price Index (CPI) data is scheduled to be released on April 10. Some market experts predict that the report will show a rise in overall inflation. This could lead to the Federal Reserve taking a hawkish stance on interest rates, negatively impacting Bitcoin’s price and the broader crypto market.
This would explain why Bitcoin’s price has declined lately, as crypto investors remain on the sidelines ahead of the CPI report. However, if the inflation figures come in favorable, this could restore investors’ confidence in the economic situation and provide a much-needed bullish outlook for the crypto market.
Also, considering that January and February’s inflation data exceeded expectations, it is necessary to highlight what last month’s data exceeding expectations could mean in the long term. So far, the Fed has continued to hold interest rates steady at about 5.3%, and there was even optimism at the beginning of the year that there could be rate cuts at some point this year.
However, with inflation continuing to stay well above the Central Bank’s target of 2%, there is a growing feeling that they might be forced to take drastic measures at some point. That is ultimately not good for Bitcoin’s price, especially since different crypto analysts gave bullish predictions partly based on their assumption that there would be several rate cuts this year.
Spot Bitcoin ETFs Are Back In The Red
The Spot Bitcoin ETFs have also contributed to Bitcoin’s recent decline. These investment funds experienced a net outflow on April 8 and 9, leading to a significant Bitcoin dump on the market. Specifically, these outflows came from the Grayscale Bitcoin Trust (GBTC), which recorded an outflow of $303.3 million and $154.9 million on April 8 and 9, respectively.
Meanwhile, the other Spot Bitcoin ETFs have not recorded impressive inflows during this period, which shows their demand has slowed. For context, 6 out of the 10 Spot Bitcoin ETFs (excluding GBTC) recorded zero inflows on April 9, while 5 out of 10 recorded zero inflows on April 8. BlackRock’s iShares Bitcoin Trust (IBIT) also recorded a relatively low inflow of $21.3 million that day.
At the time of writing, Bitcoin is trading at around $69,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
good readHere Are The Drivers Behind The Bitcoin Price Crash To $68,000
Scott Matherson by Scott Matherson April 10, 2024 in Bitcoin Reading Time: 3 mins read
Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto.
Inflation Data Expected To Come In Hot
The March Consumer Price Index (CPI) data is scheduled to be released on April 10. Some market experts predict that the report will show a rise in overall inflation. This could lead to the Federal Reserve taking a hawkish stance on interest rates, negatively impacting Bitcoin’s price and the broader crypto market.
This would explain why Bitcoin’s price has declined lately, as crypto investors remain on the sidelines ahead of the CPI report. However, if the inflation figures come in favorable, this could restore investors’ confidence in the economic situation and provide a much-needed bullish outlook for the crypto market.
Also, considering that January and February’s inflation data exceeded expectations, it is necessary to highlight what last month’s data exceeding expectations could mean in the long term. So far, the Fed has continued to hold interest rates steady at about 5.3%, and there was even optimism at the beginning of the year that there could be rate cuts at some point this year.
However, with inflation continuing to stay well above the Central Bank’s target of 2%, there is a growing feeling that they might be forced to take drastic measures at some point. That is ultimately not good for Bitcoin’s price, especially since different crypto analysts gave bullish predictions partly based on their assumption that there would be several rate cuts this year.
Spot Bitcoin ETFs Are Back In The Red
The Spot Bitcoin ETFs have also contributed to Bitcoin’s recent decline. These investment funds experienced a net outflow on April 8 and 9, leading to a significant Bitcoin dump on the market. Specifically, these outflows came from the Grayscale Bitcoin Trust (GBTC), which recorded an outflow of $303.3 million and $154.9 million on April 8 and 9, respectively.
Meanwhile, the other Spot Bitcoin ETFs have not recorded impressive inflows during this period, which shows their demand has slowed. For context, 6 out of the 10 Spot Bitcoin ETFs (excluding GBTC) recorded zero inflows on April 9, while 5 out of 10 recorded zero inflows on April 8. BlackRock’s iShares Bitcoin Trust (IBIT) also recorded a relatively low inflow of $21.3 million that day.
At the time of writing, Bitcoin is trading at around $69,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
my buddy is a 77 year old retired banker. he was telling me exactly what you posted above. ⬆️
my gut tells me rates go up or flat next time.
my gut tells me they want the crash and burn the market.
why so trump wins and the USA goes extremely right wing.
I look at the left and the right as hulk hogan and the undertaker from wrestling. a big show designed to take your money.
another example would the rock. a good is now a bad guy. either way you pay $$ to him.
i think the rally to 100 💯 k will be postponed.
April 10, 2024, 08:50:30 AM
https://www.newsbtc.com/news/bitcoin/drivers-bitcoin-price-crash/
Here Are The Drivers Behind The Bitcoin Price Crash To $68,000
Scott Matherson by Scott Matherson April 10, 2024 in Bitcoin Reading Time: 3 mins read
Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto.
Inflation Data Expected To Come In Hot
The March Consumer Price Index (CPI) data is scheduled to be released on April 10. Some market experts predict that the report will show a rise in overall inflation. This could lead to the Federal Reserve taking a hawkish stance on interest rates, negatively impacting Bitcoin’s price and the broader crypto market.
This would explain why Bitcoin’s price has declined lately, as crypto investors remain on the sidelines ahead of the CPI report. However, if the inflation figures come in favorable, this could restore investors’ confidence in the economic situation and provide a much-needed bullish outlook for the crypto market.
Also, considering that January and February’s inflation data exceeded expectations, it is necessary to highlight what last month’s data exceeding expectations could mean in the long term. So far, the Fed has continued to hold interest rates steady at about 5.3%, and there was even optimism at the beginning of the year that there could be rate cuts at some point this year.
However, with inflation continuing to stay well above the Central Bank’s target of 2%, there is a growing feeling that they might be forced to take drastic measures at some point. That is ultimately not good for Bitcoin’s price, especially since different crypto analysts gave bullish predictions partly based on their assumption that there would be several rate cuts this year.
Spot Bitcoin ETFs Are Back In The Red
The Spot Bitcoin ETFs have also contributed to Bitcoin’s recent decline. These investment funds experienced a net outflow on April 8 and 9, leading to a significant Bitcoin dump on the market. Specifically, these outflows came from the Grayscale Bitcoin Trust (GBTC), which recorded an outflow of $303.3 million and $154.9 million on April 8 and 9, respectively.
Meanwhile, the other Spot Bitcoin ETFs have not recorded impressive inflows during this period, which shows their demand has slowed. For context, 6 out of the 10 Spot Bitcoin ETFs (excluding GBTC) recorded zero inflows on April 9, while 5 out of 10 recorded zero inflows on April 8. BlackRock’s iShares Bitcoin Trust (IBIT) also recorded a relatively low inflow of $21.3 million that day.
At the time of writing, Bitcoin is trading at around $69,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
Here Are The Drivers Behind The Bitcoin Price Crash To $68,000
Scott Matherson by Scott Matherson April 10, 2024 in Bitcoin Reading Time: 3 mins read
Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto.
Inflation Data Expected To Come In Hot
The March Consumer Price Index (CPI) data is scheduled to be released on April 10. Some market experts predict that the report will show a rise in overall inflation. This could lead to the Federal Reserve taking a hawkish stance on interest rates, negatively impacting Bitcoin’s price and the broader crypto market.
This would explain why Bitcoin’s price has declined lately, as crypto investors remain on the sidelines ahead of the CPI report. However, if the inflation figures come in favorable, this could restore investors’ confidence in the economic situation and provide a much-needed bullish outlook for the crypto market.
Also, considering that January and February’s inflation data exceeded expectations, it is necessary to highlight what last month’s data exceeding expectations could mean in the long term. So far, the Fed has continued to hold interest rates steady at about 5.3%, and there was even optimism at the beginning of the year that there could be rate cuts at some point this year.
However, with inflation continuing to stay well above the Central Bank’s target of 2%, there is a growing feeling that they might be forced to take drastic measures at some point. That is ultimately not good for Bitcoin’s price, especially since different crypto analysts gave bullish predictions partly based on their assumption that there would be several rate cuts this year.
Spot Bitcoin ETFs Are Back In The Red
The Spot Bitcoin ETFs have also contributed to Bitcoin’s recent decline. These investment funds experienced a net outflow on April 8 and 9, leading to a significant Bitcoin dump on the market. Specifically, these outflows came from the Grayscale Bitcoin Trust (GBTC), which recorded an outflow of $303.3 million and $154.9 million on April 8 and 9, respectively.
Meanwhile, the other Spot Bitcoin ETFs have not recorded impressive inflows during this period, which shows their demand has slowed. For context, 6 out of the 10 Spot Bitcoin ETFs (excluding GBTC) recorded zero inflows on April 9, while 5 out of 10 recorded zero inflows on April 8. BlackRock’s iShares Bitcoin Trust (IBIT) also recorded a relatively low inflow of $21.3 million that day.
At the time of writing, Bitcoin is trading at around $69,300, down over 2% in the last 24 hours, according to data from CoinMarketCap.
April 10, 2024, 08:36:04 AM
Bit of movement on the old FX crosses right there. Bitcoin has actually taken it pretty well, so far at least.
Don't know why the CPI was such a shock to be honest.
Don't know why the CPI was such a shock to be honest.
April 10, 2024, 08:35:01 AM
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