Reserve

Cryptocurrency

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-face-challenges-as-bitcoin-and-nvidia-prices-fluctuate/" data-wpel-link="internal">Investors Face Challenges as Bitcoin and Nvidia Prices Fluctuate</a> 
Cryptocurrency world continues to experience volatile movements. Price fluctuations have increasingly frustrated investors. Brief upward movements renew hopes, but subsequent declines lead to despair. As September approaches, an important evaluation regarding <a href="https://en.coin-turk.com/anticipation-for-bitcoin-etf-approval-and-its-potential-impact-on-crypto-markets/" data-wpel-link="internal">Bitcoin</a> was made today. 
<h2 style="text-align: justify" id="nvidia-and-bitcoin-become-falling-giants-together">Nvidia and Bitcoin Become Falling Giants Together</h2> 
Matrixport released a report on Bitcoin today. According to this, BTC has historically performed poorly in September. This year, factors that will further challenge the cryptocurrency are on the agenda. Nvidia’s earnings forecasts, the future of the US technology sector, Federal Reserve policy decisions, and the upcoming US presidential election debates (Harris-Trump) could significantly impact Bitcoin’s price movements. 
According to Matrixport, from the end of 2022 to the second quarter of 2024, a strong correlation was observed between Nvidia and Bitcoin. However, recent recovery in the <a href="https://futurearticles.co/openai-gpt-4o-vs-anthropic-claude-3-5-who-will-win-the-duel/" target="_blank" rel="noopener" data-wpel-link="exclude">artificial intelligence</a> sector has boosted Nvidia shares, while Bitcoin has not shown the same performance. Both assets have seen new low levels, indicating increasing market depth. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-384438 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/matrixport-2.png" alt="" width="499" height="777"> 
US employment data to be announced on September 6 will play a critical role in determining market direction. At the end of 2022, most economists predicted that the US economy would enter a recession in 2023. However, the Federal Reserve’s focus was solely on controlling inflation. Fed Chairman Powell, speaking at the Jackson Hole conference, emphasized that the labor market is now the main focus. 
<h2 style="text-align: justify" id="bitcoin-and-the-interest-rate-hike-cycle">Bitcoin and the Interest Rate Hike Cycle</h2> 
During the 2018-2019 <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> hike cycle, Bitcoin struggled but recovered strongly after the Fed stopped raising rates. However, after the rate cut, Bitcoin experienced a short recovery and then declined again. According to Matrixport, the general trend still appears to be downward. 
September seems to be one of the biggest challenges in Bitcoin’s history. The deepening consolidation in cryptocurrency markets could have a decisive impact on Bitcoin’s future price movements. US employment data and Fed policies are particularly critical for Bitcoin investors. At the time of writing, the flagship cryptocurrency Bitcoin is trading at $59,530. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-face-challenges-as-bitcoin-and-nvidia-prices-fluctuate/" data-wpel-link="internal">Investors Face Challenges as Bitcoin and Nvidia Prices Fluctuate</a></h5>
The post <a href="https://en.coin-turk.com/investors-face-challenges-as-bitcoin-and-nvidia-prices-fluctuate/" data-wpel-link="internal">Investors Face Challenges as Bitcoin and Nvidia Prices Fluctuate</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Face Challenges as Bitcoin and Nvidia Prices Fluctuate

Table of Contents

COINTURK NEWS

Other articles published on Aug 30, 2024

Donald Trump Announces New Crypto Project "The DeFiant Ones," Aims to Serve Unbanked Communities

Ripple XRP News: Will XRP’s Secondary Sales Determine the Future of Crypto Regulation?

Tap-To-Earn Craze Explodes: ICO Gem Hunters Joins the Race with Exciting New Game!

BlackRock’s Bitcoin ETF Faces Second Outflow Day Since Launch

Ethereum Memecoins Bleed! Will Pepe & Floki Pump Or Dump This September?

Sun Token ($SUN) Price Jumps 220% in Just One Month

Join our free newsletter for daily crypto updates!