CRYPTO NEWS - Market Crush - BTC 36k - All the Market is in Red
CRYPTO NEWS - Market Crush - BTC 36k - All the Market is in Red
00:01 Intro
01:12 Crypto News
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
09:04 Outro
Yesterday bitcoin lost important support in the area of $37,500-38,000. Whether it will fall further is the question.
According to the largest cryptocurrency exchange Binance, the cryptocurrency price minimum was $35,571, at the time of publication the rate corresponded to $35,833.
Apparently, the reason for this fall was the CNBC report that there was the largest decline in labor productivity in the U.S. since 1947, that is, in the 75-year period. But that's the reason. And the reasons are the same: the Fed's tightening monetary policy, the disruption of supply chains due to the Ukraine crisis and the coronavirus lockdowns in China.
On May 4, the U.S. central bank raised the interest rate by 50 points, to 0.75-1%. This was in line with expectations, so the stock and cryptocurrency markets reacted positively. However, the optimism didn't last long. Market participants realized that a slight increase in the rate will not be able to cope with the current inflation.
Yesterday the Nasdaq was down 4.99%, the Dow Jones was down 3.12%, and the S&P 500 was down 3.57%. The dollar index (DXY) made a new high of 103.95. Bitcoin lost nearly 10%.
Amsterdam Stock Exchange trader Michaël van de Poppe reacted to the fall of the cryptocurrency quite calmly. He tweeted that a bullish scenario is possible after the recovery of $37,500. However, until then, no growth prospects are out of the question.
#bitcoin #btc #cryptocurrency
00:01 Intro
01:12 Crypto News
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
09:04 Outro
Yesterday bitcoin lost important support in the area of $37,500-38,000. Whether it will fall further is the question.
According to the largest cryptocurrency exchange Binance, the cryptocurrency price minimum was $35,571, at the time of publication the rate corresponded to $35,833.
Apparently, the reason for this fall was the CNBC report that there was the largest decline in labor productivity in the U.S. since 1947, that is, in the 75-year period. But that's the reason. And the reasons are the same: the Fed's tightening monetary policy, the disruption of supply chains due to the Ukraine crisis and the coronavirus lockdowns in China.
On May 4, the U.S. central bank raised the interest rate by 50 points, to 0.75-1%. This was in line with expectations, so the stock and cryptocurrency markets reacted positively. However, the optimism didn't last long. Market participants realized that a slight increase in the rate will not be able to cope with the current inflation.
Yesterday the Nasdaq was down 4.99%, the Dow Jones was down 3.12%, and the S&P 500 was down 3.57%. The dollar index (DXY) made a new high of 103.95. Bitcoin lost nearly 10%.
Amsterdam Stock Exchange trader Michaël van de Poppe reacted to the fall of the cryptocurrency quite calmly. He tweeted that a bullish scenario is possible after the recovery of $37,500. However, until then, no growth prospects are out of the question.
#bitcoin #btc #cryptocurrency
