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, Crypto Slides As Fitch Puts US Rating Watch Negative On Debt Ceiling Standoff
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Webinar Webinar

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Your email address will not be published.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
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

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

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Meta (Ex-Facebook) Fined €1.2 Billion In Landmark EU Ruling

Meta Verified Shows A Company Running Out of Ideas

February 22, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023
Binance To Disable Privacy Coins DASH, XMR, ZEC In France

Binance To Disable Privacy Coins DASH, XMR, ZEC In France

June 1, 2023
Former SEC Exec Predicts Crackdown On Crypto Influencers

Former SEC Exec Predicts Crackdown On Crypto Influencers

June 1, 2023

Recent News

EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 2023
Binance To Disable Privacy Coins DASH, XMR, ZEC In France

Binance To Disable Privacy Coins DASH, XMR, ZEC In France

June 1, 2023
Former SEC Exec Predicts Crackdown On Crypto Influencers

Former SEC Exec Predicts Crackdown On Crypto Influencers

June 1, 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
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

EUR/USD pair

EUR/USD Climbs to Fresh Daily Highs Near 1.0750

June 1, 2023
Binance Initiates Layoffs Amid Market Uncertainty

Binance Initiates Layoffs Amid Market Uncertainty

June 1, 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.

?>