MACP: Macro Factors Suppressing Crypto Market, Bitcoin Still Holding Strong at $67,000
BlockBeats News, April 3rd, QCP released its weekly report, pointing out that "Against the background of escalating geopolitical tensions and rising oil price volatility, Bitcoin has remained around $67,000, demonstrating a certain level of resilience; Ethereum has shown steady performance, while altcoins have lagged behind relatively. Market positions have been cleared, selling pressure has eased, and short-term hedging demand remains active, indicating that the market is no longer overcrowded. Support does exist, but it is limited. Bitcoin has buying support but has not yet seen widespread chasing gains."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot gold drops over 3%, COMEX gold futures plunge over 3%.
TKG Huchems signs KRW 337.82 billion nitric acid supply contract for Indonesia
"The Big Short" Burry: AI infrastructure has become a key pillar of the US economy; Trump cannot afford to let the AI boom fail
Michael Burry stated that the current success of the artificial intelligence (AI) industry is just as crucial for the U.S. government as it is for the tech giants driving this boom.
Rising fuel costs drive up brewing costs in Asia, Heineken (HEINY.US) says it is passing 70%-80% of the cost pressure on to consumers.
Jacco van der Linden, President for Asia Pacific at HEINEKEN (HEINY.US), stated that rising fuel costs triggered by the conflict in Iran are increasing the company's brewing input costs in Asia.
Crypto prices
More
