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Why is Bitcoin price down today?

Coin Telegraph LogoCoin Telegraph2w ago

Why is Bitcoin price down today? - Coin Telegraph

Quick Summary:

Bitcoin price is down today after reaching a 2023 high above $23,300.

Was the rally a bull trap and what will it take for BTC to regain its bullish momentum?

In addition to steady layoffs in big tech, inflation seems to be drastically hindering company earnings, which may affect the Fed’s FOMC decision.“Higher costs are likely having a negative impact on net profit margins.


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Article Details

Author / Journalist: Cointelegraph By Kyle White

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 19:23:45 (2 weeks ago)

News Timezone: GMT -5:00

Ranking: #798 (out of 10342 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 922 words

Reading Time: 6 minutes read

Sentences: 40 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 4787544

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "Why is Bitcoin price down today?" has 922 words across 40 sentences, which will take approximately 4 - 8 minutes for the average person to read.

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The story "Why is Bitcoin price down today?" was covered 2 weeks ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 13 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 Negative, indicating that people regard this as "bad news".

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  • News ID: #4787544
  • URL: https://beamstart.com/news/why-is-bitcoin-price-down-16746756214924

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