Could Bitcoin Lose $73,000 as Demand Weakens? The Data Says It Might
Bitcoin faces renewed downside as short-term holders turn unprofitable; failure to reclaim $75,700 could expose BTC to a breakdown below $73,000.
Crypto · News reference
Bitwise CIO Matt Hougan notes institutions' growing interest in crypto despite its weak price. Bitcoin's low volatility may signal a bottom.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Bitcoin faces renewed downside as short-term holders turn unprofitable; failure to reclaim $75,700 could expose BTC to a breakdown below $73,000.
Bitcoin could hit $400K–$500K by mid-2029, says James Lavish, as institutional adoption and monetary expansion outweigh Fed rate pressures.
Pascal Gauthier, CEO of hardware wallet company Ledger, said on Tuesday, November 10, that security failures remain possible across the technology industry.
Leading cryptocurrencies fell further on Tuesday, November 10, as investors weighed hotter-than-expected consumer prices and the rising odds of an interest-rate hike.
Hotter October CPI pushed the 10-year Treasury yield to 5% and the 2-year up 17 basis points, while Nvidia's slide weighed on the Nasdaq 100.
Bitcoin, Ethereum and XRP slide as hotter October inflation strengthens the case for another Fed rate hike.