Why Bitcoin Price is Down Today?

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Why Bitcoin Price is Down Today?

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The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News The total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) which ...

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·06-11
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appeared first on Coinpedia Fintech News\nThe total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) which ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/666810c4704b712ab2146cf2/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RSI","symbol_name":"Rush Street Interactive, Inc.","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/666810c4704b712ab2146cf2/","article_id":"2442549303","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/7666d5dc61174b7886192c5aaeca21ad.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442549303","pubTimestamp":1718096062,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News The total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) whi","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RSI":"Rush Street Interactive, Inc.","GBTC":"Grayscale Bitcoin Trust","BK4150":"赌场与赌博","CPI":"IQ Real Return ETF","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","IBIT":"iShares Bitcoin Trust","BTC":"Grayscale Bitcoin Mini Trust","BK4588":"碎股"},"translate_title":"为什么比特币价格今天下跌？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":1,"CPI":1,"GBTC":1,"IBIT":1,"RSI":1},"content_text":"The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News\nThe total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) which dropped below $68k to trade around $67,600 on Tuesday. Out of the $164 million rekt in the crypto derivatives in the past 24 hours, more than $140 million involved long traders. \nAmid the heightened volatility, more cryptocurrency traders have since taken refuge in the stablecoins market.\nAccording to the latest crypto oracles, the daily average traded volume for Tether USDT, around $47 billion, was more than that of Bitcoin and Ethereum combined.\nTop Reasons Bitcoin Price Dropped Today \nUpcoming US High Impact News on Inflation\nOn Wednesday, the United States Bureau of Labor Statistics will release the much-anticipated data on the Consumer Price Index (CPI). Later on Wednesday, the United States Federal Reserve will release the FOMC statement, FOMC economic projections, and benchmark interest rates.\nWhile the general consensus is for a hold in the US interest rates, the European Central Bank (ECB) and the Bank of Canada recently lowered their respective interest rates.\nWith the past FOMC data having triggered heightened crypto volatility, more traders have opted to watch from the sidelines.\nHigh Resistance at $72k \nIn the past four months, Bitcoin price has faced an immense resistance level of around $72k despite the notable demand from institutional investors. From a technical standpoint, Bitcoin price could be forming a typical head and shoulders (H&S) pattern on the weekly time frame. \nCoupled with the bearish weekly divergence on the Relative Strength Index (RSI), Bitcoin price is faced with an uphill battle in the coming months. \nNonetheless, Bitcoin bulls have the upper hand backed by the recent halving event, clearer crypto regulations, and heightened mass adoption.\nSpot BTC ETFs Net Inflows Turned Negative \n\n\n\n $BTC #ETF Net Inflow June 10, 2024: -$65M!• The net inflow turned negative after being positive for 19 consecutive trading days.• The single-day inflow of #BlackRock (IBIT) dropped dramatically from $168M to only $6.3M.• #Grayscale (GBTC) has maintained an outflow of… pic.twitter.com/nZcO8CbkTV— Spot On Chain (@spotonchain) June 11, 2024\n\n\n\nAfter more than two weeks of positive cash inflows, United States-based spot Bitcoin ETFs, which currently hold over 1 million coins, registered a net outflow on Monday. According to spot ETF data, BlackRock only registered a cash inflow of about $6.3 million on Monday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":315703966851152,"gmtCreate":1718107611567,"gmtModify":1718111530152,"author":{"id":"4093433143864890","authorId":"4093433143864890","name":"MciTs","avatar":"https://static.tigerbbs.com/5a0705d63d1dd55659a98ec8a4e385b0","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"4093433143864890","idStr":"4093433143864890"},"htmlText":"Why Bitcoin Price is Down Today?","listText":"Why Bitcoin Price is Down Today?","text":"Why Bitcoin Price is Down Today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315703966851152","repostId":2442549303,"repostType":2,"repost":{"id":"2442549303","kind":"highlight","pubTimestamp":1718096062,"share":"https://ttm.financial/m/news/2442549303?lang=&edition=fundamental","pubTime":"2024-06-11 16:54","market":"us","language":"en","title":"Why Bitcoin Price is Down Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=2442549303","media":"CoinMarketCap","summary":"The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News The total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) whi","content":"<html><body><p>The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News</p>\n<p>The total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) which dropped below $68k to trade around $67,600 on Tuesday. Out of the $164 million rekt in the crypto derivatives in the past 24 hours, more than $140 million involved long traders. </p>\n<p>Amid the heightened volatility, more cryptocurrency traders have since taken refuge in the stablecoins market.</p>\n<p>According to the latest crypto oracles, the daily average traded volume for Tether USDT, around $47 billion, was more than that of Bitcoin and Ethereum combined.</p>\n<h2>Top Reasons Bitcoin Price Dropped Today </h2>\n<h3><strong>Upcoming US High Impact News on Inflation</strong></h3>\n<p>On Wednesday, the United States Bureau of Labor Statistics will release the much-anticipated data on the Consumer Price Index (CPI). Later on Wednesday, the United States Federal Reserve will release the FOMC statement, FOMC economic projections, and benchmark interest rates.</p>\n<p>While the general consensus is for a hold in the US interest rates, the European Central Bank (ECB) and the Bank of Canada recently lowered their respective interest rates.</p>\n<p>With the past FOMC data having triggered heightened crypto volatility, more traders have opted to watch from the sidelines.</p>\n<h3>High Resistance at $72k </h3>\n<p>In the past four months, Bitcoin price has faced an immense resistance level of around $72k despite the notable demand from institutional investors. From a technical standpoint, Bitcoin price could be forming a typical head and shoulders (H&amp;S) pattern on the weekly time frame. </p>\n<p>Coupled with the bearish weekly divergence on the Relative Strength Index (RSI), Bitcoin price is faced with an uphill battle in the coming months. </p>\n<p>Nonetheless, Bitcoin bulls have the upper hand backed by the recent halving event, clearer crypto regulations, and heightened mass adoption.</p>\n<h3>Spot BTC ETFs Net Inflows Turned Negative </h3>\n<figure>\n<div>\n<blockquote>\n<p dir=\"ltr\" lang=\"en\"><img src=\"https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png\"/> $BTC #ETF Net Inflow June 10, 2024: -$65M!• The net inflow turned negative after being positive for 19 consecutive trading days.• The single-day inflow of #BlackRock (IBIT) dropped dramatically from $168M to only $6.3M.• #Grayscale (GBTC) has maintained an outflow of… pic.twitter.com/nZcO8CbkTV</p>— Spot On Chain (@spotonchain) June 11, 2024\n</blockquote>\n</div>\n</figure>\n<p>After more than two weeks of positive cash inflows, United States-based spot Bitcoin ETFs, which currently hold over 1 million coins, registered a net outflow on Monday. According to spot ETF data, BlackRock only registered a cash inflow of about $6.3 million on Monday. </p></body></html>","source":"coinmarketcap_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Bitcoin Price is Down Today?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Bitcoin Price is Down Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-11 16:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://coinmarketcap.com/community/articles/666810c4704b712ab2146cf2/><strong>CoinMarketCap</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News\nThe total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) which ...</p>\n\n<a href=\"https://coinmarketcap.com/community/articles/666810c4704b712ab2146cf2/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://academy-public.coinmarketcap.com/srd-optimized-uploads/7666d5dc61174b7886192c5aaeca21ad.png","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","RSI":"Rush Street Interactive, Inc.","CPI":"IQ Real Return ETF","BTC":"Grayscale Bitcoin Mini Trust","IBIT":"iShares Bitcoin Trust","BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BK4588":"碎股","BK4150":"赌场与赌博"},"source_url":"https://coinmarketcap.com/community/articles/666810c4704b712ab2146cf2/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2442549303","content_text":"The post Why Bitcoin Price is Down Today? appeared first on Coinpedia Fintech News\nThe total cryptocurrency market cap slipped over 3 percent to about $2.59 trillion, led by Bitcoin (BTC) which dropped below $68k to trade around $67,600 on Tuesday. Out of the $164 million rekt in the crypto derivatives in the past 24 hours, more than $140 million involved long traders. \nAmid the heightened volatility, more cryptocurrency traders have since taken refuge in the stablecoins market.\nAccording to the latest crypto oracles, the daily average traded volume for Tether USDT, around $47 billion, was more than that of Bitcoin and Ethereum combined.\nTop Reasons Bitcoin Price Dropped Today \nUpcoming US High Impact News on Inflation\nOn Wednesday, the United States Bureau of Labor Statistics will release the much-anticipated data on the Consumer Price Index (CPI). Later on Wednesday, the United States Federal Reserve will release the FOMC statement, FOMC economic projections, and benchmark interest rates.\nWhile the general consensus is for a hold in the US interest rates, the European Central Bank (ECB) and the Bank of Canada recently lowered their respective interest rates.\nWith the past FOMC data having triggered heightened crypto volatility, more traders have opted to watch from the sidelines.\nHigh Resistance at $72k \nIn the past four months, Bitcoin price has faced an immense resistance level of around $72k despite the notable demand from institutional investors. From a technical standpoint, Bitcoin price could be forming a typical head and shoulders (H&S) pattern on the weekly time frame. \nCoupled with the bearish weekly divergence on the Relative Strength Index (RSI), Bitcoin price is faced with an uphill battle in the coming months. \nNonetheless, Bitcoin bulls have the upper hand backed by the recent halving event, clearer crypto regulations, and heightened mass adoption.\nSpot BTC ETFs Net Inflows Turned Negative \n\n\n\n $BTC #ETF Net Inflow June 10, 2024: -$65M!• The net inflow turned negative after being positive for 19 consecutive trading days.• The single-day inflow of #BlackRock (IBIT) dropped dramatically from $168M to only $6.3M.• #Grayscale (GBTC) has maintained an outflow of… pic.twitter.com/nZcO8CbkTV— Spot On Chain (@spotonchain) June 11, 2024\n\n\n\nAfter more than two weeks of positive cash inflows, United States-based spot Bitcoin ETFs, which currently hold over 1 million coins, registered a net outflow on Monday. According to spot ETF data, BlackRock only registered a cash inflow of about $6.3 million on Monday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}