



AnalysisCryptocurrencies

Bitcoin price falls to $66k today; Ether unfazed by spot ETF

TradingKeyJul 23, 2024 12:11 PM

- Bitcoin and Ether prices dropped amid uncertainty surrounding the U.S. presidential race and anticipation of Donald Trump's upcoming address.

- Bitcoin fell 2.2% to $66,419.2, after reaching $69,000 over the weekend, while Ether declined 2.2% to $3,432.21 following the approval of six spot Ether ETFs by the SEC.

- Trump's pro-crypto stance and upcoming speech at the Bitcoin Conference influenced market sentiment, with Ether facing selling pressure ahead of major ETF launches.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

Related Instruments

Recommended Articles

[Reuters Analysis] Trump tariffs pile stress on ailing world economy

LONDON/TOKYO, April 3 (Reuters) - The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife.

[Reuters Analysis] US tariffs upend Japanese carmakers' Mexico gambit - and add to Nissan's woes

TOKYO, April 2 (Reuters) - Japanese automakers have long relied on the "dependable and affordable" appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head.

[Reuters Analysis] Tariff shock less worrying than slow burn : Mike Dolan

By Mike Dolan LONDON, April 2 (Reuters) - The still mysterious U.S. tariff sweep coming on Wednesday makes it tough for investors to see much beyond this week, but the real risk is more of a slow-burning U.S. market decline on some open-ended plan - seeding months more of uncertainty rather than ...

Bitcoin Weekly Forecast: BTC remains calm before a storm

Bitcoin (BTC) price has been consolidating between $85,000 and $88,000 this week, approaching the lower boundary of the consolidation range when writing on Friday.

Bitcoin is just another trade to Wall Street—and it’ll dump it in the end like always

According to Standard Chartered, Bitcoin is still just another trade to Wall Street. It’s being grouped with tech stocks and traded like one. It gets picked up when it’s useful and tossed when it’s not. The bank said on Monday that Bitcoin’s correlation with the Nasdaq is now around 0.5, and earlier