• Latest
  • Trending
Veteran Trader Peter Brandt Explains Why Bitcoin (BTC) Is Paring Gains

Veteran Trader Peter Brandt Explains Why Bitcoin (BTC) Is Paring Gains

March 14, 2023
NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

March 14, 2023
eSports gaming marketplace Moxy launches $100K “eSports for ALL” Beta Challenge

eSports gaming marketplace Moxy launches $100K “eSports for ALL” Beta Challenge

March 14, 2023
Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader

Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader

March 14, 2023
BitValue announced the Investment in Spield Algorithm, which is Shaping the Future of AI Quantitative Analysis

Connected 2023, a Web3 Social Hackathon by CyberConnect & BNBChain, Wraps with 23 Winning Teams and $50,000 in Prizes

March 14, 2023
Crypto News Digest by U.Today

Crypto News Digest by U.Today

March 14, 2023
Bitcoin Hits 3-Week High on ‘Relief’ Rally

Bitcoin Hits 3-Week High on ‘Relief’ Rally

March 14, 2023
Why is Bitcoin going up? $26K breached but there is reason for suspicion

Why is Bitcoin going up? $26K breached but there is reason for suspicion

March 14, 2023
New NFT Use Case with PlayMining’s ‘Product Placement NFT’ Advertising Solution | by The Capital Platform | The Capital Platform | Mar, 2023

New NFT Use Case with PlayMining’s ‘Product Placement NFT’ Advertising Solution | by The Capital Platform | The Capital Platform | Mar, 2023

March 14, 2023
Shiba Inu (SHIB) Whales Waking up, Data Shows

Shiba Inu (SHIB) Whales Waking up, Data Shows

March 14, 2023
  • Privacy Policy
Tuesday, March 14, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

Veteran Trader Peter Brandt Explains Why Bitcoin (BTC) Is Paring Gains

J_News by J_News
March 14, 2023
in Crypto, Top News
0
Veteran Trader Peter Brandt Explains Why Bitcoin (BTC) Is Paring Gains
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Alex Dovbnya

Bitcoin, the world’s most popular cryptocurrency, has once again shown its volatile nature, as its price surged past $26,000 before dipping to $24,070 on the Bitstamp exchange

Related articles

NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

March 14, 2023
eSports gaming marketplace Moxy launches $100K “eSports for ALL” Beta Challenge

eSports gaming marketplace Moxy launches $100K “eSports for ALL” Beta Challenge

March 14, 2023

Bitcoin, the bellwether coin, has experienced another bout of volatility, with its price surging past the $26,000 mark for the first time since July 2022, only to retrace to $24,070 on the Bitstamp exchange.

Veteran trader Peter Brandt has taken to Twitter to explain that he is not surprised by such a development since the make-it-or-break-it $26,000 level got rejected.

As reported by U.Today, the market capitalization of the flagship cryptocurrency surpassed $500 billion for the first time since mid-2022.

The price of Bitcoin was boosted in part by the recent banking crisis in the United States. The current meltdown has been compared to the 2013 banking crisis in Cyprus that pushed the world’s first cryptocurrency into the mainstream for the first time in its existence.  

Investors continues to see Bitcoin as a safe haven asset in times of financial turmoil despite its underperformance. 

Due to the recent crisis, the US federal government has taken steps to reassure depositors by guaranteeing their deposits and implementing emergency measures to alleviate their concerns. Additionally, market speculation suggests that the current meltdown may prompt the US Federal Reserve to hold off on raising interest rates.

While the crypto community is bettingon on a Fed pivot, February’s CPI report shows that inflation is not going away quickly. Hence, there is still a compelling need for the central bank to continue raising rates, according to economists at Bloomberg. While a 25 basis-point hike at the March FOMC meeting would be appropriate, the decision will be a tough call for the Fed amid ongoing concern about financial turmoil, with growing financial stability risks in the aftermath of the collapse of Silicon Valley Bank.





Source link

ShareTweetShareShare
Previous Post

NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

Related Posts

NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

NFT Artist Beeple Opens Digital Art Gallery in Charleston, SC

by J_News
March 14, 2023
0

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...

eSports gaming marketplace Moxy launches $100K “eSports for ALL” Beta Challenge

eSports gaming marketplace Moxy launches $100K “eSports for ALL” Beta Challenge

by J_News
March 14, 2023
0

Moxy.io is a blockchain-powered eSports gaming platform. Gamers will compete in eSports-style gaming during the “eSports for ALL” Beta Challenge....

Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader

Bitcoin’s 2023 price action driven by the desire to regain losses, according to professional trader

by J_News
March 14, 2023
0

Episode 7 of Cointelegraph’s Crypto Trading Secrets podcast is now live. This week’s episode features an interview with crypto trader...

BitValue announced the Investment in Spield Algorithm, which is Shaping the Future of AI Quantitative Analysis

Connected 2023, a Web3 Social Hackathon by CyberConnect & BNBChain, Wraps with 23 Winning Teams and $50,000 in Prizes

by J_News
March 14, 2023
0

On 13 March 2023, CyberConnect, the decentralized social graph protocol is culminating in the wrap of Connected 2023, a Web3 social hackathon organized in partnership...

Crypto News Digest by U.Today

Crypto News Digest by U.Today

by J_News
March 14, 2023
0

Valeria Blokhina Afraid of missing out on the crypto world's latest events? Read U.Today's news digest to stay informed! Check...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

Join CoinStats Affiliate Program & Earn 40% of All Premium Sales

VIVERSE Partners With ZombieClub to Create New Web 3.0 Metaverse Experiences

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT