bullish

Chair

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Reserve

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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-holds-firm-above-60000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Holds Firm Above $60,000 Mark</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/expert-advises-caution-as-bitcoin-faces-potential-dip-sp-500-nears-top" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> has maintained its position above $60,000 as September unfolds, despite a downturn in trading volumes. This reduction in volume, although typically observed over weekends, did not result in unexpected losses this past weekend. The cryptocurrency market as a whole is in a state of flux, with investors keenly observing the stability of Bitcoin amidst these lower trading volumes.</p>
<h2 id="what-s-happening-with-bitcoin-now">What’s Happening with Bitcoin Now?</h2>
<p style="text-align: justify">While most altcoins continue to move sideways, Bitcoin managed to briefly dip to $59,400 in the past day but retained its foothold above the $60,000 mark. The market is on edge with the anticipation of the Federal Reserve’s upcoming decision on Wednesday, where Federal Reserve Chair Jerome Powell’s comments are expected to have a significant impact. Unlike typical pre-Federal Reserve meeting trends, Bitcoin is consolidating at higher levels as it awaits the first interest rate cut in four years.</p>
<p style="text-align: justify">Bitcoin’s next critical target is $63,800. Should it achieve daily closures above this level, it may prompt a fresh test at $65,000. In late August, attempts to break this key area were unsuccessful, resulting in a retreat to $52,500. The weak trading volumes remain a concern, but maintaining support at $57,900 is a hopeful sign for bullish traders.</p>
<h2 id="how-are-cryptocurrencies-faring">How Are Cryptocurrencies Faring?</h2>
<p style="text-align: justify">In the broader cryptocurrency market, significant liquidations of $43 million occurred within the last 24 hours, with $27 million stemming from closed long positions. SUI, BIGTIME, and NEIROETH faced the highest liquidation rates. Overall trading volume across exchanges has dipped to $36 billion, marking a 45% reduction.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<p style="text-align: justify">Drawing from the current <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a>, the following conclusions can be made:</p>
<ul style="text-align: justify">
 <li>Bitcoin remains stable above $60,000 despite low trading volumes.</li>
 <li>The Federal Reserve’s upcoming announcement is critical for market directions.</li>
 <li>Altcoins are experiencing minimal movement, with some seeing notable losses.</li>
 <li>Overall cryptocurrency trading volume has decreased significantly.</li>
 <li>Investors are cautious, preparing for potential volatility at the start of the week.</li>
</ul>
<p style="text-align: justify">As the market braces for increased volatility with the beginning of the week, some coins like CKB Coin have seen gains, rising 20%, while others such as MATIC and HNT Coin have faced declines exceeding 5%. Investors are remaining vigilant as they await further developments that could impact Bitcoin and the broader cryptocurrency landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-holds-firm-above-60000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Holds Firm Above $60,000 Mark</a></h5>

Bitcoin Holds Firm Above $60,000 Mark

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