Bitcoin

Read

Rise

<ul> 
 <li>Global liquidity significantly impacts Bitcoin’s valuation, particularly against non-dollar currencies.</li> 
 <li>Recent absence of monetary stimulus affects borrowing and thus suppresses Bitcoin’s price.</li> 
 <li>Market events, from BlackRock’s ETF to Ripple’s SEC win, reveal buy-on-rumor, sell-on-news trends.</li> 
</ul> 
<p>The volatile trajectory of Bitcoin’s price, especially in its recent downturn, has industry aficionados seeking clarity. Austin Arnold and Mark Yusko, renowned experts, have weighed in with insightful perspectives.</p> 
<p>Yusko underscores the pivotal role of global liquidity, especially when Bitcoin’s valuation is juxtaposed against currencies other than the dollar, such as the Argentine peso or Turkish lira. Notably, even as Bitcoin’s appreciation vis-à-vis these currencies remains robust, its dollar growth trajectory has decelerated, a phenomenon potentially tethered to global liquidity dynamics.</p>    
<p>Moreover, Yusko emphasizes the dwindling monetary stimulus as a significant factor. Historically, central banks would invigorate the economy by infusing monetary aids, propelling growth. The conspicuous lack thereof in recent times has hampered economic expansion and consequently, weighed down on Bitcoin’s price.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="The Real Reason Cryptocurrency Is Going Down (2024 Outlook)" width="640" height="360" src="https://www.youtube.com/embed/QtCjfV2qHVQ?start=1&amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>Source: Youtube</p> 
<p>Arnold aligns with Yusko but highlights external market events, like BlackRock’s ETF endeavors and Ripple’s triumph against the SEC. Such events spurred a bullish trend, albeit transient, manifesting the market’s propensity to buy based on rumors, only to sell upon news realization.</p> 
<p>Furthermore, Yusko doesn’t discard potential maneuvers by industry magnates aiming to depress prices for advantageous acquisitions, adding another layer to the ongoing price pressure.</p> 
<p>Yet, there’s palpable anticipation around the potential approval of a Bitcoin ETF. Arnold envisions this as a monumental shift, possibly catalyzing widespread Bitcoin adoption by pulling significant investments from the advisory realm, subsequently boosting Bitcoin’s valuation.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/worldcoins-18-7b-valuation-a-meteoric-rise-toppling-titans-ada-matic-sol-doge/">Worldcoin’s $18.7B Valuation: A Meteoric Rise Toppling Titans ADA, MATIC, SOL, DOGE</a></li>
 <li><a href="https://cryptonewsland.com/ftx-to-raise-1b-to-maintain-its-32b-valuation/">FTX To Raise $1B To Maintain Its $32B Valuation</a></li>
 <li><a href="https://cryptonewsland.com/exciting-announcement-xrp-fair-market-valuation-paper-release-today/">Exciting Announcement: XRP Fair Market Valuation Paper Release Today!</a></li>
 <li><a href="https://cryptonewsland.com/hashkey-group-aims-for-billion-dollar-valuation/">HashKey Group’s Billion-Dollar Fundraising Ambition: What This Means for Crypto?</a></li>
 <li><a href="https://cryptonewsland.com/narwhal-finance-closing-the-strategic-round-of-funding-at-25m-valuation/">Narwhal Finance closing the strategic round of funding at $25M valuation</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/why-bitcoins-valuation-variances-offer-clues-to-the-current-crypto-slump/">Why Bitcoin’s Valuation Variances Offer Clues to the Current Crypto Slump</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Why Bitcoin’s Valuation Variances Offer Clues to the Current Crypto Slump

Crypto News Land

Other articles published on Sep 13, 2023

Shibarium Executive Reflects On Shibaswap 2.0, Shibahub & More

Arm Holdings’ IPO Could be the Investment Opportunity of the Decade

CRV Faces Steep Decline Amid OTC Activity and Hacking Fallout

Franklin Templeton Join The Race of Bitcoin ETF

Despite failures in the courts, Gary Gensler remains steadfast

FedNow endorses Hedera, Domini.art rally despite crypto chaos

Join our free newsletter for daily crypto updates!