Why Is Bitcoin Facing a Price Fall?

Quick Summary:

Bitcoin price saw a more than 3% fall on Monday amid panic selling by investors ahead of a major macro week in the United States and geopolitical tensions in the Middle East.

The crypto market saw $200 million in crypto liquidations, with nearly $150 million in long liquidation.

The week will see major U.S.-related macroeconomic events, starting with US Federal Reserve Chair Jerome Powell due later today.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: IndiaIsraelJapanLebanonUnited States

Topics: Jerome powell Bitcoin News US Jobs data 24/7 Cryptocurrency News Bitcoin (BTC) Price Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 12:09:05 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22788613

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 8 hours ago

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