Rajagopal Menon, VP, WazirX said, “Bitcoin (BTC) has unexpectedly fallen in the past 24 hours after a recent rally. Analysts cite a potential liquidity crunch in the stablecoin market as a contributing factor. Additionally, market sentiment weakened following Peter Schiff’s preference for gold over Bitcoin.”He further added, “The market has been highly volatile since the start of 2024, keeping investors wary. However, clarity on forthcoming interest rate cuts could offer some relief in the near term.””In other news, Ethereum (ETH) has remained stable above the $3,400 resistance zone, retesting $3,500 but struggling to break higher. A key bullish trend line with support at $3,350 is forming on the hourly ETH/USD chart.”
sekar nallalu Cryptocurrency Crypto Market Declines Marginally, Trading Volume Dips; Bitcoin, Ethereum Down
Related Posts
Pinterest, Inc. (PINS) Goldman Sachs Communacopia + Technology Conference (Transcript)
Pinterest, Inc. (NYSE:PINS) Goldman Sachs Communacopia + Technology Conference September 11, 2024 11:10 AM ET Company Participants Bill Ready –[...]
Discover proven ways to maintain a pest-free kitchen
Maintaining a pest-free kitchen environment Have you ever opened up your kitchen cabinets only to be greeted by the eerie[...]
‘Neighbourhood Of Care’ Can Transform Rural Health
At its core, the ‘Neighbourhood of Care’ model consists of three essential components: a supportive network, a service platform, and[...]