{"id":139408,"date":"2024-10-11T18:00:41","date_gmt":"2024-10-11T15:00:41","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139408"},"modified":"2024-10-11T19:04:10","modified_gmt":"2024-10-11T16:04:10","slug":"interest-rate-speculation-sparks-hopes-for-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/interest-rate-speculation-sparks-hopes-for-bitcoin-rally\/","title":{"rendered":"Interest Rate Speculation Sparks Hopes for Bitcoin Rally"},"content":{"rendered":"<p>Despite the drop, traders see it as a potential buying opportunity. <strong><a href=\"https:\/\/x.com\/santimentfeed\/status\/1844467892194308252?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1844467892194308252%7Ctwgr%5E1f3042c6fcacffeca4752a92bb9e1677d76dc14a%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinpedia.org%2Fnews%2Fbitcoin-price-dip-to-3-week-low-yet-traders-see-opportunity-to-buy-the-dip%2F\" target=\"_blank\" rel=\"nofollow\">Data<\/a> <\/strong>from Santiment, a market analysis platform, reveals growing optimism for <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>, hinting at a possible bull run even amid its downturn.<\/p>\n<p>As the market experiences a sell-off, large-scale holders, or \u201cwhales,\u201d have offloaded over 30,000 BTC\u2014worth nearly $2 billion\u2014adding pressure on the market. This selling spree has contributed to Bitcoin\u2019s slide alongside broader crypto market declines.<\/p>\n<p><strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"nofollow\">Coinglass<\/a> <\/strong>reports show liquidations across the crypto market reached $181 million over the last 24 hours, impacting more than 53,000 traders. Of that, $123 million came from long positions, with $69 million tied to Bitcoin specifically. One notable liquidation involved a Binance trader who lost $10.51 million in a BTC\/<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tether\/\">USDT<\/a> <\/strong>trade.<\/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\/another-country-proposes-bitcoin-adoption-to-tackle-economic-challenges\/\" title=\"Another Country Proposes Bitcoin Adoption to Tackle Economic Challenges\">\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\/2024\/03\/image1-4-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Another Country Proposes Bitcoin Adoption to Tackle Economic Challenges<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Santiment\u2019s analysis suggests many traders view the current dip as a short-term pullback rather than the onset of a deeper downturn, fueling hopes for a rebound in Bitcoin\u2019s value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin recently dipped to $58,900, its lowest point in three weeks, following a favorable US Consumer Price Index (CPI) report.<\/p>\n","protected":false},"author":7,"featured_media":139409,"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-139408","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>Interest Rate Speculation Sparks Hopes for Bitcoin Rally<\/title>\n<meta name=\"description\" content=\"Bitcoin recently dipped to $58,900, its lowest point in three weeks, following a favorable US Consumer Price Index (CPI) report.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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