{"id":34535,"date":"2025-07-01T09:46:57","date_gmt":"2025-07-01T09:46:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34535"},"modified":"2025-07-01T09:46:57","modified_gmt":"2025-07-01T09:46:57","slug":"bitcoin-traders-wait-important-economic-announcements-today-these-altcoins-plummet-market-watch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34535","title":{"rendered":"Bitcoin Traders Wait Important Economic Announcements Today, These Altcoins Plummet (Market Watch)"},"content":{"rendered":"
\n

Bitcoin\u2019s price has retraced by a slight 0.9% in the past 24 hours as traders are expecting a few important economic events during today\u2019s session.<\/p>\n

Meanwhile, the broader cryptocurrency market is also reflecting the uncertainty as the majority of altcoins are trading in the red with some charting a lot bigger declines than others.<\/p>\n

Bitcoin Price Waits for News<\/h2>\n

The deep involvement of corporate Bitcoin buyers and institutions has surely played a major role in its price increase over the past year but it\u2019s also the reason why the crypto market has been largely correlated to traditional ones.<\/p>\n

A few years ago, literally nobody cared about metrics such as CPI, PMI, and whatnot, but now every crypto trader has them on their watchlist.<\/p>\n

As such, today is also shaping up to be a volatile experience with a few important economic events on the calendar.<\/p>\n

First, Jerome Powell will speak in the afternoon, followed by data for job openings, PMI, and ISM manufacturing \u2013 all indicators that shape policymaking, especially when gauging the strenght of the local economy.<\/p>\n

That said, Bitocin\u2019s price is down about 1% on the day and is currently trading at around $106,500 after having tested<\/a> $109,000 yesterday. It\u2019s interesting to see if the bulls have it in them to push bakc towards the upper boundary of the recent trading range or if the bears will send the price back below $105K.<\/p>\n

\"BTCUSD_2025-07-01_12-41-24\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Altcoins in Red, Some More Than Others<\/h2>\n

As you can clearly see in the heatmap below, the altcoins are also not having a great day. This is, perhaps, to be expected \u2013 Bitcoin\u2019s dominance over the market has been rising gradually over the past many months and whenever BTC slips, altcoins crash.<\/p>\n

The past 24 hours have hardly been a crash, though, but it\u2019s clear that most of them are charting more considerable declines.<\/p>\n

This is especially true for TKX, ARB, SPX6900, SEI, and others, that are down between 8% and 15% on the day.<\/p>\n

Believe it or not, Bitcoin Cash (BCH) is today\u2019s best performer, gaining more than 6%. Who would have thought?<\/p>\n

\"Screenshot<\/a>
Source: Quantify Crypto<\/figcaption><\/figure>\n

The post Bitcoin Traders Wait Important Economic Announcements Today, These Altcoins Plummet (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price has retraced by a slight 0.9% in the past 24 hours as traders are expecting a few important economic events during today\u2019s session. Meanwhile, the broader cryptocurrency market is also reflecting the uncertainty as the majority of altcoins are trading in the red with some charting a lot bigger declines than others. Bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34535","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34535"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34535\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}