August 12th : A Game-Changer for Bitcoin Price Movement ?
Despite a period of relative stability, Bitcoin is currently facing headwinds. Investors were hoping for a continued uptrend, but August 12th may hold unexpected surprises in store.
Despite a period of relative stability, Bitcoin is currently facing headwinds. Investors were hoping for a continued uptrend, but August 12th may hold unexpected surprises in store.
Bitcoin is holding steady around $114,300, with a modest increase of 0.44% over the last 24 hours. In contrast, Ethereum (+1.81%) and XRP (+1.54%) are showing superior performance. However, the market as a whole is struggling to gain momentum, lacking a true catalyst.
After reaching an all-time high of $123,300 on July 14, Bitcoin seemed to have found smooth sailing again. However, these periods of calm in the markets often precede unwelcome news. Last week, disappointing employment figures in the United States fueled fears of an economic slowdown and a return of inflation.
Investors’ attention is now turning to August 12, when the US Consumer Price Index (CPI) will be published. Until then, the economic calendar doesn’t feature any major events likely to energize the markets. But these key indicators are often necessary to drive Bitcoin’s price movement, whether upward or downward.
The cryptocurrency market is waiting for a strong signal. August 12 could well mark a turning point for Bitcoin and influence the entire sector. Stay vigilant and ready to seize opportunities in this constantly evolving universe.
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
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