| Mobile Web

Search results for Bitget Wallet

Crypto

Possibility raised of Fed buying equity ETFs; could it lift cryptocurrencies?

An analysis said that if U.S. stocks enter a steep bear market, Federal Reserve market support could expand liquidity in cryptocurrency markets. Analysts cited the size of the U.S. stock market and political pressure to avoid a prolonged downturn. Eric Balchunas said the Fed could break with decades of precedent and buy equity ETFs. Market participants said Fed intervention could include rate cuts and balance-sheet expansion, though high inflation could limit immediate action.

Crypto

Bitcoin closes June below 200-week moving average; bear market bottom not yet in

Bitcoin finished June trading below its 200-week moving average but above its realised price, raising the possibility of further declines. Cointelegraph reported it fell 20.5 percent in June to close at $58,526, its weakest monthly performance since June 2022. PlanB said past bear market bottoms formed below realised price and saw potential for a drop to $52,000. Other analysts were divided on whether a bottom is near.

Crypto

Bitcoin defence of $58,000 key to July direction; ETF flows in focus

Bitcoin’s move around $60,000 has put $58,000 in focus as a near-term dividing line, with market direction seen hinging on flows in the 72 hours after options expiry. Price pressure grew as U.S. inflation data coincided with a large options maturity and heavy out-of-the-money interest. Liquidations and positioning shifts also featured in the decline. Investors are also watching spot bitcoin ETF outflows and whether support holds through the weekend.