{"id":138195,"date":"2024-09-30T19:00:24","date_gmt":"2024-09-30T16:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138195"},"modified":"2024-09-30T16:06:34","modified_gmt":"2024-09-30T13:06:34","slug":"here-is-why-the-recent-bitcoin-surge-could-be-temporary","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/","title":{"rendered":"Here is Why the Recent Bitcoin Surge Could Be Temporary"},"content":{"rendered":"<p>This surge coincided with the S&amp;P 500 hitting an all-time high on September 26, driven by robust economic data.<\/p>\n<p>Despite this upward trend, analysts caution that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s current position<\/a><\/strong> does not signify a lasting bull market. Investor wariness persists due to past struggles at the $70,000 level and ongoing recession fears that could impact risk-sensitive assets like cryptocurrencies.<\/p>\n<p>While these concerns do not necessarily trigger a mass sell-off, they create an environment where bearish sentiments can thrive, curtailing Bitcoin\u2019s potential for further gains. Additionally, gains in the stock market don\u2019t guarantee similar increases for Bitcoin.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/microstrategys-bitcoin-bet-yields-explosive-return-surpassing-crypto-gains\/\" title=\"MicroStrategy\u2019s Bitcoin Bet Yields Explosive Return, Surpassing Crypto Gains\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Microstrategy-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">MicroStrategy\u2019s Bitcoin Bet Yields Explosive Return, Surpassing Crypto Gains<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Some analysts point to central bank policies as indicators of economic instability but highlight that major tech firms, such as Google and Amazon, remain robust with solid profit margins and balance sheets. In contrast, Bitcoin\u2019s underlying influences differ; historically, during times of recession anxiety, investors gravitate towards safer assets like gold or government bonds.<\/p>\n<p>Recent data indicates a lack of retail interest in Bitcoin. On September 28, the Coinbase mobile app was ranked 385th, showing only minor improvement since mid-September despite Bitcoin\u2019s 20% increase over three weeks. Furthermore, the Chinese stablecoin market exhibits bearish trends, with USDT trading below parity for two weeks.<\/p>\n<p>In the Bitcoin futures market, institutional traders are adopting a cautious approach, with premiums stabilizing around 6%, indicating a lack of strong conviction. This volatility suggests that the recent price rally for BTC may not be sustainable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.<\/p>\n","protected":false},"author":9,"featured_media":138198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-138195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Here is Why the Recent Bitcoin Surge Could Be Temporary<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here is Why the Recent Bitcoin Surge Could Be Temporary\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-30T16:00:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"782\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Zdravkov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Zdravkov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/\"},\"author\":{\"name\":\"Alexander Zdravkov\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360\"},\"headline\":\"Here is Why the Recent Bitcoin Surge Could Be Temporary\",\"datePublished\":\"2024-09-30T16:00:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/\"},\"wordCount\":248,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptodnes.bg\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/\",\"name\":\"Here is Why the Recent Bitcoin Surge Could Be Temporary\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg\",\"datePublished\":\"2024-09-30T16:00:24+00:00\",\"description\":\"Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg\",\"width\":1280,\"height\":782},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptodnes.bg\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here is Why the Recent Bitcoin Surge Could Be Temporary\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"CryptoDnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"publisher\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#organization\",\"name\":\"CryptoDnes EN\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg\",\"caption\":\"CryptoDnes EN\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360\",\"name\":\"Alexander Zdravkov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/photo_2025-04-09-16.32.20-96x96.jpeg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/photo_2025-04-09-16.32.20-96x96.jpeg\",\"caption\":\"Alexander Zdravkov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alexander_zdravkov\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Here is Why the Recent Bitcoin Surge Could Be Temporary","description":"Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/","og_locale":"en_US","og_type":"article","og_title":"Here is Why the Recent Bitcoin Surge Could Be Temporary","og_description":"Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.","og_url":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/","og_site_name":"CryptoDnes EN","article_published_time":"2024-09-30T16:00:24+00:00","og_image":[{"width":1280,"height":782,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg","type":"image\/jpeg"}],"author":"Alexander Zdravkov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Zdravkov","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#article","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/"},"author":{"name":"Alexander Zdravkov","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360"},"headline":"Here is Why the Recent Bitcoin Surge Could Be Temporary","datePublished":"2024-09-30T16:00:24+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/"},"wordCount":248,"commentCount":0,"publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg","articleSection":["Bitcoin"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#respond"]}],"copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/cryptodnes.bg\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/","url":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/","name":"Here is Why the Recent Bitcoin Surge Could Be Temporary","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg","datePublished":"2024-09-30T16:00:24+00:00","description":"Bitcoin (BTC) reached a two-month peak on September 28, nearing the crucial $66,000 threshold.","breadcrumb":{"@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/bitcoin-3333541_1280.jpg","width":1280,"height":782},{"@type":"BreadcrumbList","@id":"https:\/\/cryptodnes.bg\/en\/here-is-why-the-recent-bitcoin-surge-could-be-temporary\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptodnes.bg\/en\/"},{"@type":"ListItem","position":2,"name":"Here is Why the Recent Bitcoin Surge Could Be Temporary"}]},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"CryptoDnes EN","description":"Crypto News, Bitcoin Analysis and More","publisher":{"@id":"https:\/\/cryptodnes.bg\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cryptodnes.bg\/en\/#organization","name":"CryptoDnes EN","url":"https:\/\/cryptodnes.bg\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/logo.svg","caption":"CryptoDnes EN"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/4ee541130c110832e7b2b9e3f8e56360","name":"Alexander Zdravkov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/photo_2025-04-09-16.32.20-96x96.jpeg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/04\/photo_2025-04-09-16.32.20-96x96.jpeg","caption":"Alexander Zdravkov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alexander_zdravkov\/"}]}},"modified_by":"Deyan Angelov","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=138195"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138195\/revisions"}],"predecessor-version":[{"id":138199,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/138195\/revisions\/138199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/138198"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=138195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=138195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=138195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}