10x Research: Bitcoin is expected to hit a new high eventually, but macro factors are needed to provide support
Odaily2024/07/29 01:36
By:Odaily
Odaily News 10x Research said in its report that based on historical data, Bitcoins returns flattened in August and fell in September. However, positive factors in US interest rate policy, falling inflation and the election calendar may buffer the downward pressure from the unlocking of $1 billion in tokens in August. Bitcoins
market share is creating new highs for this cycle, with significant impacts. It said that Bitcoin is expected to set new highs eventually, but it may need a macro level boost, such as the Federal Reserves expected rate cuts or another dose of lower inflation. Traders must keep watching as
Bitcoin prices approach the top of the range. The Federal Reserves interest rate decision on August 1 and the CPI report on August 14 will be crucial.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Mafia crypto bank crushed by the Europol
Kriptoworld•2025/05/17 09:55
Judge upholds Ripple's $125 million fine after rejecting SEC settlement
Portalcripto•2025/05/17 06:11
Big Techs will be able to launch stablecoins with strict rules of the GENIUS Law
Portalcripto•2025/05/17 06:11
MRKT launches NFT marketplace on TON as Telegram miniapp
Portalcripto•2025/05/17 06:11
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$102,930.02
-0.72%

Ethereum
ETH
$2,481.68
-4.89%

Tether USDt
USDT
$1
-0.00%

XRP
XRP
$2.36
-2.43%

BNB
BNB
$641.15
-2.22%

Solana
SOL
$167.93
-2.49%

USDC
USDC
$0.9996
-0.02%

Dogecoin
DOGE
$0.2160
-5.66%

Cardano
ADA
$0.7650
-1.72%

TRON
TRX
$0.2682
-1.91%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now