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 Bitcoin price correction very common if 56K lows hold Peter Brandt

Bitcoin price correction very common if 56K lows hold Peter Brandt


Published: 2024-05-02


1. Bitcoin price correction: The article discusses a common price correction for Bitcoin,mentioning that the price has dipped to around $56,000. This correction may be seen as a natural part of the volatile cryptocurrency market. Price corrections are common in Bitcoin's history,often followed by significant rebounds.

2. Peter Brandt's analysis: The article references Peter Brandt,a veteran trader,who believes that such price corrections are common in Bitcoin's market cycles. Brandt's insights provide a seasoned perspective on market movements,suggesting that this correction could be a normal occurrence before further price action.

3. Market sentiment and trends: The article likely delves into the overall market sentiment and trends surrounding Bitcoin. Understanding the sentiments of investors and market indicators can provide valuable insights into potential future price movements. Keeping an eye on market trends is crucial for predicting the cryptocurrency's future trajectory.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 66,276.01 2,047,483,682.30
2 ARS title=ARS 1,094.20 1,371,900,382.80
3 ETH title=ETH 3,031.68 1,021,878,688.77
4 SOL title=SOL 168.67 718,497,784.46
5 PEPE title=PEPE <0.01 368,687,662.54
6 LINK title=LINK 16.46 182,306,232.44
7 BOME title=BOME 0.01 178,952,060.94
8 RUNE title=RUNE 6.94 168,542,598.60
9 DOGE title=DOGE 0.15 164,827,050.25
10 XRP title=XRP 0.52 164,412,426.43
11 WIF title=WIF 2.84 164,117,591.68
12 PEOPLE title=PEOPLE 0.05 150,897,077.77
13 NEAR title=NEAR 8.21 144,699,251.46
14 FTM title=FTM 0.80 124,635,544.92
15 FLOKI title=FLOKI <0.01 119,112,373.00
16 ENA title=ENA 0.71 97,286,526.88
17 RNDR title=RNDR 10.03 87,580,627.53
18 AVAX title=AVAX 36.84 75,244,382.24
19 JTO title=JTO 4.68 71,119,558.76
20 SUI title=SUI 1.05 64,879,592.00
21 WLD title=WLD 4.86 64,772,872.91
22 AR title=AR 48.13 62,731,818.54
23 BONK title=BONK <0.01 62,383,516.31
24 ADA title=ADA 0.49 54,161,340.41
25 ICP title=ICP 12.75 47,226,071.20
26 ETHFI title=ETHFI 3.36 47,069,052.21
27 OP title=OP 2.54 45,293,042.02
28 AEVO title=AEVO 0.81 44,696,650.19

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Chainlink title=LINK 16.46 +18.87
2 Loom Network (NEW) title=LOOM 0.10 +15.53
3 Lido DAO title=LDO 1.77 +11.54
4 Arweave title=AR 48.13 +8.83
5 Cardano title=ADA 0.49 +7.44
6 Biconomy title=BICO 0.52 +7.26
7 Hedera title=HBAR 0.12 +6.61
8 Raydium title=RAY 1.86 +6.44
9 SSV Network title=SSV 38.78 +6.42
10 Avalanche title=AVAX 36.84 +6.38
11 Polymesh title=POLYX 0.43 +6.35
12 API3 title=API3 2.57 +5.85
13 Reserve Rights title=RSR <0.01 +5.57
14 Metal DAO title=MTL 1.96 +5.51
15 THORChain title=RUNE 6.94 +5.04
16 Cream title=CREAM 49.13 +4.73
17 Quickswap [OLD] title=QUICK 0.06 +4.46
18 Pendle title=PENDLE 4.64 +4.45
19 Vulcan Forged title=PYR 4.50 +4.43
20 Theta Network title=THETA 2.23 +4.20
21 PIVX title=PIVX 0.35 +4.03
22 Lisk title=LSK 2.04 +3.98
23 LTO Network title=LTO 0.19 +3.91
24 Omni Network title=OMNI 15.41 +3.84
25 TrueFi title=TRU 0.12 +3.77
26 Optimism title=OP 2.54 +3.76
27 Internet Computer title=ICP 12.75 +3.75
28 Polygon title=MATIC 0.71 +3.65
29 NEXO title=NEXO 1.32 +3.61
30 Dusk title=DUSK 0.32 +3.58

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Rocket Pool title=RPL 19.32 -7.25
2 Renzo title=REZ 0.11 -6.31
3 High title=HIGH 4.67 -5.99
4 BOOK OF MEME title=BOME 0.01 -5.96
5 Viction title=VIC 0.42 -5.18
6 ConstitutionDAO title=PEOPLE 0.05 -5.17
7 Cats Of Sol title=COS <0.01 -5.16
8 Bittensor title=TAO 379.70 -5.10
9 Manta Network title=MANTA 1.56 -4.76
10 Ether.fi title=ETHFI 3.36 -4.71
11 BakerySwap title=BAKE 0.27 -4.60
12 Bonk title=BONK <0.01 -4.55
13 Aevo title=AEVO 0.81 -4.49
14 Pixels title=PIXEL 0.35 -4.48
15 Pepe title=PEPE <0.01 -4.14
16 CyberConnect title=CYBER 7.33 -4.11
17 dogwifhat title=WIF 2.84 -4.04
18 iExec RLC title=RLC 3.25 -3.99
19 Tensor title=TNSR 0.87 -3.73
20 Memecoin title=MEME 0.03 -3.71
21 Atlas Aggregator title=ATA 0.16 -3.63
22 RSK Infrastructure Framework title=RIF 0.16 -3.51
23 DataBot title=DATA 0.05 -3.47
24 Render title=RNDR 10.03 -3.46
25 Bluzelle title=BLZ 0.36 -3.45
26 FIO Protocol title=FIO 0.03 -3.18
27 W 0.55 -3.17
28 IDEX title=IDEX 0.06 -3.16
29 FarmBot title=FARM 67.51 -3.06
30 LeverFi title=LEVER <0.01 -3.05

Bitcoin's Greed and Fear Index.

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74
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Harvard built hacker proof quantum network in Boston using existing fiber cable 2024-05-17
2 French regulator warns investors Bybit provided services illegally 2024-05-17
3 Bitwise CIO says BTC ETFs are huge success and 13F filings make him incredibly bullish 2024-05-17
4 Big miners pose a growing existential threat to Bitcoin 2024-05-17
5 VC Roundup Web3 infrastructure tokenization of everything drawing investors 2024-05-17
6 Bitcoin moves toward range highs but derivatives traders watch from the sidelines 2024-05-17
7 039Crypto King039 Aiden Pleterski faces fraud money laundering charges 2024-05-17
8 Bybits Notcoin listing debacle China firms profits up 1100 after crypto buy Asia Express 2024-05-17
9 Memecoin launcher pumpfun claims ex employee behind 19M exploit 2024-05-17
10 DTCC Chainlink complete fund data tokenization pilot with US banks 2024-05-17
11 Altcoins a relatively huge risk as days of big returns are gone say analysts 2024-05-17
12 Reentrancy attacks in smart contracts explained 2024-05-16
13 Tether TON team up with mobile app for USDT to fiat transactions 2024-05-16
14 Were just scratching the surface of crypto and AI Microsoft exec 2024-05-16
15 Regulatory crackdown spawns anti SEC 039CultureCoin039 2024-05-16
16 Animoca Brands leads 7M funding round for Param Labs 2024-05-16
17 Bitcoin shrugs off US jobs data as BTC price gives up 66K support 2024-05-16
18 OpenAIs iPhone moment trumps Google AI lies porn and dating AI Eye 2024-05-16
19 Crypto VCs are back in action amid market rally 2024-05-16
20 Ex Alameda Research co CEO calls for fair sentencing of Ryan Salame 2024-05-16
21 M2 money supply 039holds the key039 for Bitcoin039s next move Market analyst 2024-05-16
22 Mastercard Standard Chartered test tokenized deposit transaction 2024-05-16
23 First US Presidential debate planned for June 27 Will crypto be on the agenda 2024-05-16
24 Mastercard launches next generation of blockchain payments startup program 2024-05-16
25 SEC custody rule made crypto regulation a political football Rep Nickel 2024-05-16
26 FTX repayments could create bullish overhang for crypto markets K33 Research 2024-05-16
27 Bitcoin crosses 66K as traders eye 2 key indicators for 70K target 2024-05-16
28 Vanguards new boss says Bitcoin ETF not on the table Report 2024-05-16
29 Blockchain ID project Humanity Protocol hits unicorn status with 30M raise 2024-05-16
30 Eclipse founder Neel Somani replaced as CEO amid sexual misconduct claims 2024-05-16
31 Worldcoin beefs up security by open sourcing biometric data system 2024-05-15
32 Does Trump care about crypto Bitcoin is latest battleground in US election 2024-05-15
33 Binance backed pSTAKE Finance launches Bitcoin liquid staking solution 2024-05-15
34 Small creditors put at risk by latest FTX bankruptcy development 2024-05-15
35 Bitcoin price taps 647K as US CPI shows core inflation at 3 year low 2024-05-15
36 How to bridge to zkSync 2024-05-15
37 Forget memecoins Bitcoin is driving the bull run NBX Warsaw 2024-05-15
38 UK cannabis millionaires legal deals on wheels via crypto 2024-05-15
39 Crypto trader turns 3K into 46M in one month as PEPE price soars 2024-05-15
40 Two brothers manipulated Ethereum protocols to steal 25M Justice Dept 2024-05-15
41 Filing suggests SEC is exploring grounds to deny spot Ether ETFs 2024-05-15
42 Crypto investment funds intake 130M while filings reveal new spot BTC ETF purchasers 2024-05-15
43 SEC tries again for Debt Box suit dismissal with option to refile 2024-05-15
44 Heres why US debt is out of control and Japanese debt isnt 2024-05-15
45 UK closes trust me bro crypto firm that gave horrible advice to clients 2024-05-15
46 Bitcoin will stay in 55K to 75K zone for now Novogratz 2024-05-15
47 Cypher core contributor admits to stealing 260K and gambling it away 2024-05-15
48 OpenAI co founder and chief scientist departs AI firm 2024-05-15
49 Layer 3 network Degen Chain hasnt produced a block in 53 hours 2024-05-15
50 Degens pumped GameStop memecoins because they039re bored Traders 2024-05-15

US news that has a significant impact on the market

at news day date time
1 CB Leading Index m/m Friday 17-05-2024 15:00
2 FOMC Member Waller Speaks Friday 17-05-2024 15:15
3 FOMC Member Daly Speaks Friday 17-05-2024 17:15
4 FOMC Member Kugler Speaks Saturday 18-05-2024 22:45

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