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Bitcoin to $55K again? Stablecoins have their say as weak demand…

AMBCrypto LogoAMBCrypto10h ago

Bitcoin to $55K again? Stablecoins have their say as weak demand… - AMBCrypto

Quick Summary:

Will BTC fall even further or is a reversal on the cards now?

While further declines are possible, the potential for a reversal is also present, making this a critical time for traders and investors to watch BTC closely.

The likelihood of BTC dropping to $55k is rather high as it has broken below critical support levels, including the 100 Day Moving Average (DMA).

More Pictures

Bitcoin to $55K again? Stablecoins have their say as weak demand… - AMBCrypto (Picture 1)Bitcoin to $55K again? Stablecoins have their say as weak demand… - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Lennox Gitonga

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 20:00:25 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23001061

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 19 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Bitcoin to $55K again? Stablecoins have their say as weak demand…" has 529 words across 31 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Bitcoin to $55K again? Stablecoins have their say as weak demand…" was covered 10 hours ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 19 news stories per day.

It's most recent story was published 9 hours ago.

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The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

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  • News ID: #23001061
  • URL: https://beamstart.com/news/bitcoin-to-55k-again-stablecoins-17286769399742

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