Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
Submitted by Anonymous (not verified) on Fri, 05/10/2024 - 18:50Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Bitcoin price action might be dicey, undergoing a major corrective phase.
Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.
Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.
The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.
The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.
Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
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