Bitcoin (BTC) Price Avoids Major Drops as Bulls Help Rebound - BitcoinEthereumNews.com
BitcoinBitcoin (BTC) Price Avoids Major Drops as Bulls Help Rebound05 / 13 / 2022Balita ng Ethereum ng Bitcoin 31 minuto ang nakalipas | 2 mins basahin Several positive variables currently point to an increase in the cryptocurrencys value. The S&P 500 and the Nasdaq were both up 2.2% and 3.3%, respectively. BTC was unable to break through $31,000 at the opening of Wall Street on May 13 as fresh warnings predicted that the downward trend would continue. BTC is currently trading in the $30K range, 4.73% up in the last 24 hours. Ayon sa CMC data, after briefly approaching $31,000 earlier in the day, BTC seemed to be stabilizing. The S&P 500 and the Nasdaq were both up 2.2% and 3.3%, respectively, at the opening bell. Elon Musk‘s decision to suspend his takeover attempt for Twitter impacted the stock’s performance since it was trading in the negative. Bullish Momentum Around the Corner A weakening dollar accompanied the restored momentum of the stock market, with the US dollar index (DXY) falling from new twenty-year highs to drop by 0.2%, which has historically been good news for Bitcoin and risk assets in general. However, when Bitcoins price began to recover after the Terra Luna explosion, several experts remained skeptical