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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/microsoft-data-triggers-bitcoin-slump" data-wpel-link="internal">Microsoft Data Triggers Bitcoin Slump</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/microstrategy-affects-bitcoin-price-drop" data-wpel-link="internal">Bitcoin</a>‘s price has been drifting away from the $70,000 mark as selling pressures increase, particularly with the impending opening of the Asian markets. The recent downturn has been attributed to a multitude of factors, with positive news seemingly having little impact on investors during this period. Notably, a significant event in the last few minutes has caused a downward trend in Bitcoin’s value.</p> 
<h2 id="what-caused-the-bitcoin-decline">What Caused the Bitcoin Decline?</h2> 
<p style="text-align: justify">The release of Microsoft’s earnings report played a crucial role in the latest Bitcoin dip. While the company’s earnings per share and net income exceeded expectations, it fell short in certain revenue segments. This shortfall led to a swift decline in Nasdaq100 Futures, dropping from 18,840 to 18,600 points, which concurrently pulled Bitcoin down to $65,302.</p> 
<h2 id="why-did-investors-react-negatively">Why Did Investors React Negatively?</h2> 
<p style="text-align: justify">The detailed breakdown of Microsoft’s earnings showed that despite overall positive figures, specific areas like Cloud Revenue and Intelligent Cloud Revenue did not meet the forecasts. This partial underperformance incited a negative reaction in the <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">stock market</a>, which then spilled over into the cryptocurrency market due to their positive correlation, dragging Bitcoin lower.</p> 
<h2 id="user-usable-inferences">User-Usable Inferences</h2> 
<p style="text-align: justify">– Closely monitor major <a href="https://newslinker.co/category/technology/" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">tech company</a> earnings reports as they can impact cryptocurrency prices.<br> – Be aware of market correlations; declines in traditional markets can influence digital assets.<br> – Watch for significant financial movements, such as large BTC transfers, which can signal upcoming market shifts.<br> – Stay updated on macroeconomic events like Federal Reserve meetings that may affect investor sentiment.</p> 
<p style="text-align: justify">Tomorrow’s market opening in the U.S. may see a continued downturn influenced by Microsoft’s earnings and other macroeconomic factors. The Fed meeting and a recent $2 billion Bitcoin transfer by the U.S. also contribute to the potential for further losses in the crypto market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/microsoft-data-triggers-bitcoin-slump" data-wpel-link="internal">Microsoft Data Triggers Bitcoin Slump</a></h5>

Microsoft Data Triggers Bitcoin Slump

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Alte articole publicate pe 30 iul. 2024

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