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Bitcoin rises, but for how long as crypto suffers?

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After a tough few months, Bitcoin has risen to recover some of this week’s loses.

Bitcoin rose 2 per cent to recover part of this week’s losses, however, the cryptocurrency remains below its 50-day moving average. 

Bitcoin is trading 1.36 per cent higher at $20,204 while Ethereum is up 1.71 per cent.

It was a low volume day for crypto trading.

Cryptocurrency losses earlier this week mirrored those on Wall Street, with investors coming to terms with last week’s announcement from the Federal Reserve chair that interest rate rises will continue.

Analysts warn that “Bulls this week have stabilised prices and they remain in a pause, or sideways, mode.” 

The overall cryptocurrency market cap now stands at $985 billion, and Bitcoin’s dominance rate is 39.3%.

BTC price vs. 200-week moving average.

BTC falls back

Arcane Research says Bitcoin trading below its 200WMA “is not a common observation and buying below this well-known technical indicator has historically been a profitable strategy.”

But how far could Bitcoin now drop?

Some analysts say the worst case scenario could see a decline as low as $11,000.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Money

Leading podcast cuts through finance commentary noise

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With so much financial commentary out there, how do you find clarity?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by host of ‘This Is Money’ Podcast, Glen James. #wyld money #trending

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Will slashing immigration curb the housing crisis?

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The Australian Coalition has revealed its strategy to tackle the housing crisis by reducing migration numbers.

Opposition Leader Peter Dutton’s proposal to cut immigration by a quarter aims to tackle the housing crisis but has been met with skepticism for overlooking deeper structural issues.

Mark Wyld from MW Wealth joins to discuss. #trending #featured #wyld money

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Apple Music’s controversial top 10 albums of all time

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Apple Music has released its highly anticipated “100 Best Albums of All Time” list, with the top 10 rankings causing a bittersweet symphony of destruction for some music lovers.

The list was curated by a panel of experts and based on various factors including cultural impact, critical acclaim, and commercial success, with the aim to celebrate the most influential and timeless albums across genres.

As reported by the official Apple Music Newsroom blog post, the top ten best albums of all time are the following:

10. Lemonade (2016), Beyoncé

9. Nevermind (1991), Nirvana 

8. Back to Black (2006), Amy Winehouse

7. good kid, m.A.A.d city (2012), Kendrick Lamar

6. Songs in the Key of Life (1976), Stevie Wonder

5. Blonde (2016), Frank Ocean

4. Purple Rain (1984), Prince & The Revolution

3. Abbey Road (1969), The Beatles

2. Thriller (1982), Michael Jackson

1. The Miseducation of Lauryn Hill (1998), Lauryn Hill

In other news, Apple recently became the first company to hit a $3 trillion stock market value, before falling just below that milestone, as reported by Reuters.

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