* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

    Micro wrestling coming to NE Ohio – Cleveland.com

    Get Ready, NE Ohio: Micro Wrestling Is Making Its Exciting Debut!

    League City seeking proposals for 53-acre entertainment district on sportsplex land – galvnews.com

    League City Invites Proposals to Transform 53-Acre Sportsplex into Vibrant Entertainment District

    Top 5 entertainment news: Sandeep Reddy Vanga regrets trimming Animal’s runtime by 7-8 minutes, Akshay Ku – Times of India

    Top 5 Entertainment Highlights: Sandeep Reddy Vanga Reveals Why He Trimmed Animal’s Runtime by 7-8 Minutes, Plus Akshay Ku Updates

    Cote de Pablo reveals how Michael Weatherly used his soap opera roots to put her at ease in “NCIS” love scene – yahoo.com

    Cote de Pablo Reveals How Michael Weatherly’s Soap Opera Background Made Their “NCIS” Love Scene Easier

    City of Pelham announces entertainment district plans for former Oak Mountain Amphitheatre site – WVTM

    Pelham Unveils Exciting New Entertainment District Plans for Former Oak Mountain Amphitheatre Site

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    AI’s race in the dark with China – Axios

    The High-Stakes AI Race: Innovation and Competition in the Shadows

    Eagle Unveils Revolutionary X-Ray Technology at Pack Expo

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    Validea’s Top Information Technology Stocks Based On Peter Lynch – 7/25/2025 – Nasdaq

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    WhoFi: New surveillance technology can track people by how they disrupt Wi-Fi signals – Tech Xplore

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Google Cloud Announced as a Key Technology Partner for Odoo Connect 2025 in San Francisco – GlobeNewswire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Bitcoin wobbles as Mt. Gox payouts loom, Fed uncertainty rises

July 9, 2024
in Business
Bitcoin wobbles as Mt. Gox payouts loom, Fed uncertainty rises
Share on FacebookShare on Twitter

Bitcoin’s volatile performance continues as concerns mount over potential sales by creditors of the defunct Mt. Gox exchange. The largest digital asset fell by up to 5.2% before recovering slightly, now trading at $57,850—significantly below its March peak. The market remains wary of additional supply, German government sell-offs of seized Bitcoin, and reduced inflows into US Bitcoin ETFs. With Bitcoin’s prolonged dip, speculation grows about its ability to hit the $100,000 mark amid mixed technical signals and uncertain monetary policy from the Federal Reserve. Despite this, the options market indicates some optimism, with significant bullish bets on the cryptocurrency’s future.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

Join us for BizNews’ first investment-focused conference on Thursday, 12 September, in Hermanus, featuring top experts like Frans Cronje, Piet Viljoen, and more. Get insights on electricity and exploiting SA’s gas bounty from new and familiar faces. Register here.

By Suvashree Ghosh and Sidhartha Shukla

Bitcoin skidded anew on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, fueling doubts about the remaining impetus in a crypto bull run that began last year.

The largest digital asset slid as much as 5.2% on Monday before reversing the wobble to trade up 1% at $57,850 as of 10:04 a.m. in London, some $16,000 below March’s record high. Smaller tokens such as Ether and XRP also erased losses and turned higher.

Tokyo-based Mt. Gox, which went bankrupt a decade ago after being hacked, is returning about $8 billion of Bitcoin to creditors in stages, spotlighting the potential for a wall of supply to come into the market.

Read more:  Trump woos Bitcoin miners, vows support amidst industry backlash

Sentiment has also been hampered by signs of German government disposals of seized Bitcoin as well as waning inflows into dedicated US exchange-traded funds. Skepticism is growing about predictions from the digital-asset faithful that the original cryptocurrency is still on course to reach $100,000.

The charts below analyze the outlook for Bitcoin following a more than 20% retreat in the token from its all-time peak in the first quarter.

Technical Test

Speculators are scouring charts for patterns that may signal an end to Bitcoin’s tumble. Tony Sycamore, market analyst at IG Australia Pty, flagged the 200-day moving average. A sustained rise above that mark would be an indication that Friday’s intraday low of about $53,600 was a “capitulation,” he wrote in note.

Prolonged Losses

Bitcoin stumbled into Monday with an inauspicious slide. If the retreat lasts through Sunday, the token would post five straight weeks of declines, the longest such losing run since the 2022 digital-asset bear market. There’s a risk of a “grind lower” in prices until the Federal Reserve begins loosening monetary policy, said Stefan von Haenisch, head of trading at OSL SG Pte.

Not So Exceptional

Earlier in 2024, Bitcoin’s year-to-date gain came close to 70%, far above traditional assets like stocks. Now the tech-heavy Nasdaq 100 index is closer to matching the token. Selloffs typically punctuate Bitcoin bull markets and the longer term outlook remains positive, said Khushboo Khullar, venture partner at Lightning Ventures, which invests in Bitcoin-linked companies.

Spot-ETF Flows

Surprisingly strong demand for inaugural US Bitcoin ETFs stoked the digital asset’s record-breaking ascent earlier this year. The inflows have since moderated, and one question is whether recent weakness will spook ETF investors. But on Friday, at least, they appeared to buy the dip, registering the strongest net inflow in about a month.

The Mt. Gox dispersal is unlikely to lead to mass selling by creditors but the longer Bitcoin spends below $60,000, the bigger the odds of a further price correction, said Hayden Hughes, head of crypto investments at family office Evergreen Growth in Singapore.

Options Wagers

The options market suggests some investors view the Bitcoin dip as temporary: the highest concentration of bullish wagers is around a strike price of $100,000, according to data from Deribit. This may reflect expectations of looser Fed monetary settings in coming months and the momentum behind pro-crypto Donald Trump’s bid to become US president again.

Caroline Mauron, co-founder of digital-asset derivatives liquidity provider Orbit Markets, expects crypto to take its cue from global markets ahead of testimony from Fed Chair Jerome Powell and US inflation data, which are due this week and may influence projections for monetary policy.

Read also:

 Bitcoin nears record high, sparking renewed financial frenzy
Retail traders remain on sidelines amid Bitcoin rally surge
Bitcoin slides 6% as investors pull out ahead of Fed decision

© 2024 Bloomberg L.P.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/global-investing/2024/07/08/bitcoin-wobbles-mt-gox-fed-uncertainty

Tags: Bitcoinbusinesswobbles
Previous Post

ConnectHub: Teaching school pupils entrepreneurship and community self-reliance – Thebolo Motshegare

Next Post

Adapt or die: ANC’s political evolution in South Africa – Viv Vermaak

Guest column | I’m a cardiologist. Here are 10 science-based ways to prevent heart disease. – The Washington Post

I’m a Cardiologist: 10 Science-Backed Tips to Prevent Heart Disease

July 29, 2025
Author talk with science, environmental journalist, ‘Strata: Stories from Deep Time’ – PenBay Pilot

Author Talk with Science and Environmental Journalist Behind ‘Strata: Stories from Deep Time

July 29, 2025
Alzheimer’s progression could be slowed by these changes to lifestyle – The Independent

Simple Lifestyle Changes That Could Slow Alzheimer’s Progression

July 29, 2025
Divya Deshmukh becomes third Women’s World Cup Champion, defeats Humpy Koneru in tiebreak – FIDE

Divya Deshmukh becomes third Women’s World Cup Champion, defeats Humpy Koneru in tiebreak – FIDE

July 29, 2025
It’s a gig economy for CEOs these days, too – Axios

It’s a gig economy for CEOs these days, too – Axios

July 29, 2025
Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

July 29, 2025
US judge blocks Trump’s effort to defund reproductive health organisation – Al Jazeera

US judge blocks Trump’s effort to defund reproductive health organisation – Al Jazeera

July 29, 2025
New documents show how passport and Social Security rules would change to enforce Trump’s birthright citizenship order – CNN

New documents show how passport and Social Security rules would change to enforce Trump’s birthright citizenship order – CNN

July 29, 2025
Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

July 28, 2025
Max Eisenbud Named Head of Client Representation for WME Sports – Variety

Max Eisenbud Named Head of Client Representation for WME Sports – Variety

July 28, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (743)
  • Economy (768)
  • Entertainment (21,648)
  • General (16,165)
  • Health (9,805)
  • Lifestyle (776)
  • News (22,149)
  • People (770)
  • Politics (777)
  • Science (15,981)
  • Sports (21,265)
  • Technology (15,748)
  • World (751)

Recent News

Guest column | I’m a cardiologist. Here are 10 science-based ways to prevent heart disease. – The Washington Post

I’m a Cardiologist: 10 Science-Backed Tips to Prevent Heart Disease

July 29, 2025
Author talk with science, environmental journalist, ‘Strata: Stories from Deep Time’ – PenBay Pilot

Author Talk with Science and Environmental Journalist Behind ‘Strata: Stories from Deep Time

July 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version