Calm Before the Storm for Bitcoin ?

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.

August 12 : A Date Under High Surveillance

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.

More on this topic :

Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.

CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.

Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

Get 6200 USDT with Bitget ! 🔥

Don't miss out on this offer !
Create your account now to unlock this exclusive reward
Open a Bitget account
close-link
Click Me