Bitcoin

Impact

Gains

<div class="code-block-grte code-block-grte-16" style="margin: 8px auto; text-align: center; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>Bitcoin shed over 6% in the past day, raising concerns about its near-term outlook.</li> 
 <li>Market analysts point to factors like ETF outflows, inflation, and the tech sector’s performance.</li> 
 <li>Despite the dip, Bitcoin remains one of 2024’s top-performing assets, outpacing the S&amp;P 500.</li> 
</ul> 
<p><strong>Get the latest insights on the factors influencing Bitcoin’s price, the crypto market’s correlation with tech stocks, and expert perspectives on what this means for your investments.</strong></p>
<div class="code-block-grte code-block-grte-14" style="margin: 8px auto; text-align: center; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;"> AR' YA WINNING SON?<br><span style="color: #e67e22;">Don't miss Solana Tokens and BRC-20 Tokens! Click here to find new AI coins!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<h2 id="strong-bitcoin-struggles-to-hold-70k-as-volatility-returns-strong"><strong>Bitcoin Struggles to Hold $70K as Volatility Returns </strong></h2> 
<p>Bitcoin (BTC) faced a sharp decline on April 9, dropping from $72,500 to a low of $68,230 and liquidating $40 million in long positions. This volatility raises questions about Bitcoin’s price trajectory, with factors like Bitcoin spot ETF outflows, macroeconomic concerns, and a downturn in tech stocks potentially weighing on the market.</p> 
<h3 id="strong-bitcoin-s-record-2024-gains-face-profit-taking-pressure-strong"><strong>Bitcoin’s Record 2024 Gains Face Profit-Taking Pressure</strong></h3> 
<p>Despite the recent dip, Bitcoin’s impressive 63% year-to-date gains underscore its strength in 2024. However, some analysts suggest a potential profit-taking phase as investors await further signals before increasing their exposure. While Bitcoin halving expectations are historically bullish, it’s important to exercise caution with limited historical data.</p> 
<h3 id="strong-etf-outflows-inflation-data-and-tech-stocks-impact-sentiment-strong"><strong>ETF Outflows, Inflation Data, and Tech Stocks Impact Sentiment</strong></h3> 
<p>Grayscale’s recent outflow of 6,200 BTC and upcoming U.S. CPI inflation data are adding uncertainty to the market. Market sentiment could be further influenced by the performance of tech stocks, particularly chipmakers like Nvidia and AMD, which have a growing correlation with Bitcoin.</p>
<div class="code-block-grte code-block-grte-15" style="margin: 8px auto; text-align: center; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">TRUSTED BY COINOTAG,<br><span style="color: #e67e22;">Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The recent downturn doesn’t signal a trend reversal but highlights potential headwinds for Bitcoin in the short term. Investors are advised to monitor ETF flows, inflation updates, and tech stock performance while maintaining a balanced perspective on Bitcoin’s long-term potential.</p>

Bitcoin, Ethereum Price Slide: Why Crypto Markets Are Down Amid Tech Stock Concerns

Table of Contents

CO NEWS

Alte articole publicate pe 9 apr. 2024

Ethereum Surges Past Resistance, Eyeing Further Gains

Floki And TokenFi Developers Propose Game-changing Upgrade – Here’s What It Does

POKT Network Welcomes Three New Gateways & Brings Open Data Access to Millions of End Users (9 Apr)

Ethereum’s Market Surge and the Ongoing Uncertainty of Spot ETFs

Shiba Inu Sparks Frenzy With Major SHIB Ecosystem Upgrade: Details

Top 5 Solana Meme Coins to Buy in April 2024 for Potential 100x Gains

Join our free newsletter for daily crypto updates!