Press Review: Latest Developments in the Cryptocurrency World
A recent study published by Business Insider Deutschland delves into the true drivers behind Bitcoin and other cryptocurrencies. The analysis identifies three main factors influencing Bitcoin prices: conventional monetary policy shocks, traditional risk premiums, and crypto-specific demand impulses. For instance, unexpected changes in Federal Reserve interest rate policies have significantly impacted Bitcoin's price movements. Additionally, during market turbulence like the COVID-19 pandemic, "Risk-Off" shocks led investors to shift towards safer assets, causing a decline in cryptocurrency values.
The study also highlights that specific developments within the crypto market itself can drive significant price changes. An example is BlackRock’s announcement of a Bitcoin ETF in 2024 which spurred positive momentum for Bitcoin due to increased demand from within the crypto community. Furthermore, unique risk premiums associated with holding cryptocurrencies play an essential role; these fluctuate considerably during periods of market stress as investors seek higher returns for taking on additional risks.
In another report by FinanzNachrichten.de titled "Bitcoin fällt unter 60.000 Dollar! Experten bleiben optimistisch," it was noted that despite falling below $60K recently after a brief recovery from dropping under $50K earlier this week, experts remain hopeful about future gains. Analysts predict further consolidation or correction before any substantial upward movement occurs again post-Bitcoin halving events expected next year.
This sentiment is echoed among various analysts who foresee potential corrections but ultimately anticipate growth beyond current levels once stability resumes across broader financial markets including stocks alongside cryptos. Given ongoing uncertainties globally affecting investor confidence, a long-term bullish outlook persists firmly.
Sources:
- 47 Unternehmen beantragen Betrieb in der Türkei nach neuen Krypto-Regulierungen
- Krypto-Studie: Das sind die wahren Kurstreiber für Bitcoin und Co.
- Bitcoin-Kurs wieder im Aufwind – Indikator schlägt auf „bullisch“ um
- So entwickeln sich Bitcoin & Co. am Sonntagvormittag
- Bitcoin-Reserven auf Börsen erreichen 5-Jahres-Tief mit 5,96 Mrd. USD Abhebungen in 30 Tagen
- Bitcoin fällt unter 60.000 Dollar! Experten bleiben optimistisch
