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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/why-did-bitcoin-prices-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Why Did Bitcoin Prices Drop?</a><br></p>
<p style="text-align: justify">June proved challenging for <a href="https://en.bitcoinhaber.net/analyst-rekt-capital-highlights-bitcoin-halving-as-potential-buying-opportunity" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>, with investor expectations unmet in July as well. Historically, post-June losses have shown gains, but this trend appears inconsistent. Currently, BTC trades at $66,614, prompting experts to offer fresh market insights.</p>
<h2 id="market-dynamics-and-reactions">Market Dynamics and Reactions</h2>
<p style="text-align: justify">Altcoins have seen further declines, correlating with BTC’s drop. Those shorting BTC above $69,000 have consistently profited, highlighting the demoralizing profitability of short positions in a rising market. QCP Capital’s analysis notes that BTC briefly tested $70,000 following Trump’s weekend speech but quickly fell below $67,000 as U.S. <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">stock markets</a> opened.</p>
<h2 id="ethereum-s-resilience">Ethereum’s Resilience</h2>
<p style="text-align: justify">Ethereum (ETH) has shown relative strength, gaining 5% since Trump’s speech despite ongoing spot ETF outflows. ETH’s volatility premium over BTC has increased from 4% to 8% for longer-term futures. QCP Capital suggests that a shift from expensive ETHE to cheaper ETFs might be causing the market to become immune to headline outflow numbers. This raises the question of significant ETH price increases with regular daily inflows.</p>
<h2 id="key-indicators-for-investors">Key Indicators for Investors</h2>
<p style="text-align: justify">– The BTC ETF process indicates potential ETH price rise with reduced net outflows.<br> – ETH prices might increase with the reversal of quick profit-taking.<br> – A weakening BTCD could lead to more investment in altcoins.<br> – November elections and upcoming Federal Reserve announcements are crucial for crypto market movements.<br> – Earnings reports from major U.S. companies like Amazon, <a href="https://newslinker.co/category/mobile/apple/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">Apple</a>, and Meta could influence crypto momentum.</p>
<p style="text-align: justify">November elections remain pivotal for cryptocurrency markets. Additionally, tomorrow’s Federal Reserve meeting announcements could impact market movements. The week’s earnings reports from major corporations could also play a significant role in determining crypto market trends.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/why-did-bitcoin-prices-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">Why Did Bitcoin Prices Drop?</a></h5>

Why Did Bitcoin Prices Drop?

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