Bitcoin Traders Wait Important Economic Announcements Today, These Altcoins Plummet (Market Watch)
2025-07-01 10:05:17
Main Idea
Bitcoin's price has slightly declined by 0.9% in the past 24 hours as traders anticipate key economic events, while altcoins show varied performance with some experiencing significant drops.
Key Points
1. Bitcoin's price is down about 1% and currently trading around $106,500 after testing $109,000 the previous day.
2. Traders are focused on upcoming economic events, including Jerome Powell's speech and data on job openings, PMI, and ISM manufacturing.
3. Altcoins like TKX, ARB, SPX6900, and SEI have declined between 8% and 15%, while Bitcoin Cash (BCH) gained over 6%.
4. Bitcoin's market dominance has been gradually increasing, influencing broader market trends.
Description
Bitcoin’s price has retraced by a slight 0.9% in the past 24 hours as traders are expecting a few important economic events during today’s session. Meanwhile, the broader cryptocurrency market is also reflecting the uncertainty as the majority of altcoins are trading in the red with some charting a lot bigger declines than others. Bitcoin Price Waits for News The deep involvement of corporate Bitcoin buyers and institutions has surely played a major role in its price increase over the past year ...
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