Bitcoin pushed toward $69,000 at the May 30 Wall Street open as favorable United States macro data gave risk assets fresh relief.
Cointelegraph offers insights into the prolonged period of fluctuating Bitcoin prices, spanning over ten weeks.
The price of Dogecoin declines amidst a broader correction in the cryptocurrency market, as traders opt to secure their profits.
Bitcoin has experienced a 10% decline from its all-time high, with numerous analysts suggesting the possibility of further drops as part of its regular consolidation periods.
Solana's recent price decline can be attributed to Ethereum's strong performance in comparison and a growing trend of outflows from the Solana ecosystem.
Bitcoin's value has begun to decrease, undoing earlier increases, as recent macroeconomic indicators suggest that broader economic factors are currently the primary influences. With the Producer Price Index (PPI), Consumer Price Index (CPI), and a speech from Federal Reserve Chair Jerome Powell slated for this week, it's anticipated that Bitcoin's value will continue to face downward pressure and encounter fluctuations.
Bitcoin continued to decline as the Wall Street session opened on April 26, with prevailing trading conditions limiting bullish momentum.
Today, the price of Bitcoin has dropped due to renewed tensions in the Middle East and apprehensions regarding the state of China's economy, which have influenced investor confidence.
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