Tag: bitcoin
FBS Analysts Warn of Bitcoin Downturn Ahead
FBS analysts project a looming downturn for Bitcoin as the market players await the upcoming Federal Reserve’s key rate cut in 2024. This tendency signals the rising probability of the BTCUSD’s closing bullish trend, as rate hikes frequently influence risk assets such as Bitcoin.
The...
Bitcoin Briefly Surges Following Misleading SEC Social Media Post
Bitcoin experienced a short-lived surge on Tuesday following a misleading post on the US Securities and Exchange Commission's (SEC) official X account (formerly known as Twitter). The post erroneously stated that the SEC had approved the much-anticipated exchange-traded funds (ETFs) for Bitcoin. This unexpected...
