EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Bitcoin Price Falls Short of $25,000

Admin by Admin
August 3, 2022
in Crypto News
0
bitcoin fails to rally as investors makes move on exchanges
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
MMC MMC

Bitcoin (BTC) posted a local top of $24,600 on July 30 before closing three consecutive daily red candles. Peak to trough losses over this period came in at $1,800, or 7%.

Today, August 3, sees some reprieve, as buyers give rise to a 3% upside swing. As of writing, BTC was trading at $23,344, while the rest of the market was trading flat with a slight upside bias.

According to Bloomberg News, a consideration of recent crypto price action was the heightening tensions between the U.S. and China over House Speaker Nancy Pelosi’s visit to Taiwan.

Weeks before, the Chinese hierarchy had warned Pelosi to cancel the trip. However, on August 2, the House Speaker touched down in Taiwan, stoking geopolitical tensions.

The threat of escalation between the two superpowers led investors to ditch stocks and U.S equity futures. Bitcoin also suffered a minor sell-off, dropping 3% on the day before closing at $22,900.

Since July 13, BTC has been trending upwards after making a local bottom at $18,900. This run peaked just short of $25,000 during the weekend, as tensions between the U.S. and China intensified over Pelosi’s Taiwan visit. Bloomberg noted that this was Bitcoin’s best run since October 2021.

Read Also- Tesla Sells Off 75% Bitcoin, Elon Musk Remains Positive

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: BitcoinCryptocurrency
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Nio Inc. Sees Volatile Trading as Rival Partners with AliBaba

Next Post

GBP/USD Clings to Modest Gains Near 1.2200

Admin

Admin

Next Post
GBP USD pair

GBP/USD Clings to Modest Gains Near 1.2200

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
Virtual stadium in the metaverse

Why Virtual Stadium Can Be the Next Big Thing in the Metaverse

January 26, 2023
USDD Depegs

USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped

December 12, 2022
What is Initial Coin Offering?

Initial Coin Offering (ICO)

0
What is staking?

Staking

0
What is Defi?

Defi (Decentralized Finance)

0
Differences between Axie Infinity and Decentraland

Axie Infinity and Decentraland: Features and Differences

0
TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023
FTX Debtors Warn Customers Of Scams Promising Return Of Assets

FTX Debtors Warn Customers Of Scams Promising Return Of Assets

February 3, 2023
Commerzbank EURUSD

Things are getting increasingly difficult for bulls – Commerzbank

February 3, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Forex News
  • Gaming
  • Reviews
  • Stocks

Recent News

TERRA LUNA CLASSIC AND USTC LINKING

Terra Proposes Recoupling LUNC and UST Months After Collapse

February 3, 2023
Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

Binance Re-Enters South Korea Acquiring Gopax Crypto Exchange

February 3, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>