Cryptocurrencies price prediction: Bitcoin, Ethereum & Cryptos – American Wrap 13 November
Bitcoin vs Gold Outlook: BTC downtrend gains momentum, XAU pares losses as US PPI rises
Bitcoin (BTC) trades under pressure, reflecting weak sentiment in the broader cryptocurrency market on Friday. The Crypto King hovers around $69,000 as bulls struggle to calm the situation after a sharp correction, largely driven by risk-off sentiment after Jensen Huang, Nvidia Co-founder and CEO, resigned.
Bitcoin Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers
Bitcoin (BTC) extends its correction, falling more than 8% and hitting an intraday low of $67,568 on Friday. Despite oversold technical signals, selling pressure continues to intensify, with persistent Exchange Traded Funds (ETFs) outflows, leveraged liquidations and weakening risk appetite weighing on the Crypto King outlook. Adding to this bearish narrative, Nvidia (NVDA) ’s sharp decline and news of CEO Jensen Huang’s resignation this week fuel broader risk-off sentiment.
Ethereum treasury firm BTCS sold Ether at a loss to keep $64 million Aave loan healthy
BTCS, a Nasdaq-listed company that holds ether as its main asset, has been selling ETH for less than it paid to keep a $64 million loan on the lending platform Aave from getting too close to liquidation.
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