BTC Drops for Third Day as Market Sentiment and US Fed’s Rate Hike Plan Takes Toll
Experts in the cryptocurrency market attribute the recent three-day decline in the price of Bitcoin to excessively positive market sentiment and the announcement of a potential interest rate hike by the US Federal Reserve. According to CoinGecko, Bitcoin's market price has continued to drop for t ...
Reasons for Bitcoin’s Market Price Fall Below $30,000 Explained by CryptoQuant Analysts
Analysts at the Korean company CryptoQuant named the reasons for the fall in the market price of bitcoin below the psychologically important level of $30,000, based on the ratio of two futures market indicators: open interest rates and funding rates. The "Open Interest" i ...