The cryptocurrency market, especially Bitcoin, has taken a hit, mirroring the decline of other risk assets, as concerns over oil supply have led to significant warnings about US inflation. This has been quite a shift. As a result, the $70,000 mark has emerged as a new resistance level for the Bitcoin price. It’s a notable change. Bitcoin joined a risk-asset rout as oil-supply nerves sparked major US inflation warnings, with $70,000 now in place as new BTC price resistance. The situation is being closely watched. The cryptocurrency market is experiencing a downturn, and it’s clear that Bitcoin is not immune to these changes. Overall, the $70,000 mark is the new level to watch for Bitcoin, and it will be interesting to see how the market reacts to this new development.<\/p>","protected":false},"excerpt":{"rendered":"
The cryptocurrency market, especially Bitcoin, has taken a hit, mirroring the decline of other risk assets, as concerns over oil supply have led to significant warnings about US inflation. This has been quite a shift. As a result, the $70,000 mark has emerged as a new resistance level for the Bitcoin price. It’s a notable change. Bitcoin joined a risk-asset rout as oil-supply nerves sparked major US inflation warnings, with $70,000 now in place as new BTC price resistance. The situation is being closely watched. The cryptocurrency market is experiencing a downturn, and it’s clear that Bitcoin is not immune to these changes. Overall, the $70,000 mark is the new level to watch for Bitcoin, and it will be interesting to see how the market reacts to this new development.<\/p>","protected":false},"author":1,"featured_media":3564,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-3565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"acf":[],"_links":{"self":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/posts\/3565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/comments?post=3565"}],"version-history":[{"count":0,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/posts\/3565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/media\/3564"}],"wp:attachment":[{"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/media?parent=3565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/categories?post=3565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chaincapital.news\/zh\/wp-json\/wp\/v2\/tags?post=3565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}