Bitcoin's Price Plunge Continues Despite Market Cap Surge and Analyst Predictions.
TL;DR Summary
Bitcoin's price is struggling to maintain support at $28,000, with $30,000 feeling increasingly out of reach. Analysts predict that BTC's price targets are $25,000 and $30,000, with big volatility on the horizon. The upcoming Federal Reserve decision on interest rate policy is causing fear and uncertainty in the market, with a 97.4% chance of a 0.25% rate hike. Meanwhile, the US banking sector is experiencing a resurgent crisis, but Bitcoin is not capitalizing on the fallout.
- Bitcoin price sweeps lows, but analysis still predicts a $25K dive Cointelegraph
- Bitcoin Is Falling. The Fed Decision Could Mean ‘All Bets Are Off’ for Cryptos. Barron's
- First Mover Asia: Bitcoin Market Cap Is Surging, but a Retreat From $30K Continues CoinDesk
- Trader Who Called 2023 Crypto Turnaround Warns Bitcoin Giving Bears Maximum Opportunity – Here’s Why The Daily Hodl
- BTC price may need a $24.4K dip as Bitcoin speculators stay in profit Cointelegraph
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
83%
448 → 76 words
Want the full story? Read the original article
Read on Cointelegraph