In the absence of crypto-native catalysts, traders are likely to focus on the same macroeconomic data releases this week that will move the stock market.
Bitcoin and other cryptocurrencies dropped Monday, nearing key price levels, amid a wider slump in risk-sensitive assets as a number of macroeconomic catalysts loom for cryptos in the coming days.
Trading volumes and volatility remain historically low for cryptos—a sign of waning investor interest in the space long known for its wild price action. While crypto traders continue to look ahead to a decision from the Securities and Exchange Commission on spot Bitcoin exchange-traded funds, it could be months before that catalyst materializes.
That puts economic data in focus, with signs of a strong U.S. economy unlikely to push the Fed to lower rates while indications of weakness could prompt a more accommodative stance from the central bank.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin: Seven Key Facts Shed Light on BTC Current Price ActionBitcoin holding above key support level remains encouraging sign
Read more »
Bitcoin price drops as SEC delays decision on Bitcoin ETF, offering new trading opportunitiesAs the SEC delays the decision on Bitcoin ETFs, the BTC price takes a hit. However, automated trading tools can provide new trading opportunities in these uncertain times
Read more »
Bitcoin Falls With Key Level at Risk. Macro Catalysts Are Looming for Cryptos.In the absence of crypto-native catalysts, traders are likely to focus on the same macroeconomic data releases this week that will move the stock market.
Read more »
TCU tops SMU in Iron Skillet, long-running Dallas-Fort Worth rivalry nearing its endThe TCU Horned Frogs intercepted SMU quarterback Preston Stone twice after halftime in a second consecutive victory in the “Iron Skillet” game, which was...
Read more »
Hollywood writers' strike may be nearing endThe Writers Guild of America and representatives for TV and film studios met Sunday for a fifth consecutive day of negotiations as many hope the months-long strike is nearing an end. Elise Preston reports.
Read more »
Nearing 2025, Mercedes-Benz ramps up 'digital-first' productionThe German automaker is ensuring the plants that manufacture its electric vehicles are as efficient as possible.
Read more »