Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of ‘Sucker Rally’

Bitcoin Price Ignores $2.3T Fed Cash as Pundit Warns of ‘Sucker Rally’

The current $7,000+ price performance is getting a highly suspicious reception from traders, as markets see yet more bailouts. Bitcoin (BTC) braved less volatile but choppy trading on April 9 as the United States Federal Reserve flooded markets with trillions in dollars.Cryptocurrency market daily overview. Source: Coin360Fed rolls out trillions in loansData from Coin360 and Cointelegraph Markets showed BTC/USD still keeping within a tight $400 corridor between $7,100 and $7,410 as the week continued.A…

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Bitcoin Hodlers Not to Blame for Record 50% Price Plunge, Data Reveals

Bitcoin Hodlers Not to Blame for Record 50% Price Plunge, Data Reveals

Those in the game for five years or more are adding to their positions, while frantic trading involves much younger wallets, says Unchained Capital. Recent volatility in the price of Bitcoin (BTC) “did not come” from those holding coins for several years or longer, research claims.In findings published on March 17, Unchained Capital revealed that BTC which had been “parked” for an extended period did not begin moving as a result of price changes…

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