🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Bitcoin Price Falls Then Rebounds, Chiliz Surges on “Pepper” Meme Coin

Published 2024-10-11, 07:15 a/m
© Reuters.  Bitcoin Price Falls Then Rebounds, Chiliz Surges on “Pepper” Meme Coin
BTC/USD
-
AAVE/USD
-
CHZ/USD
-
UNIs/USD
-

Coin Edition -

  • Bitcoin sentiment has shifted bullish, prompting traders to see dips as buying opportunities.
  • Whale transactions increase, indicating strong institutional interest in Bitcoin’s market.
  • Chiliz, Aave, and Uniswap gain traction, driven by innovative projects and market buzz.
Bitcoin fell to a three-week low, hitting $58,895 on October 10, 2024, according to data from analytics firm Santiment. However, market sentiment has turned positive, with traders seeing the drop as a buying opportunity. This shift coincides with the release of the latest US Consumer Price Index (CPI) report.The CPI data showed some worrying inflation trends, but expectations of possible interest rate cuts are keeping market optimism alive. Bitcoin traders and investors seem to view this as a good time to buy.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.