Unlock your trading potential! Become a verified Bitget elite trader and earn 10,000 USDT to help skyrocket your profits. Join now and start your journey to success!
Share link:In this post: Bitcoin’s price is trying to stay above $60,000 after last week’s market drop, but the market is still pretty shaky. The BTC put skew has calmed down from -25% to -5%, but caution is still the name of the game. Elon Musk’s interview with Trump and the upcoming U.S. CPI numbers are expected to affect the market.
Bitcoin’s price has been on a bumpy ride, with last week’s market drop shaking things up. While the price has somewhat recovered, Bitcoin is still clinging to that $60,000 mark. Traders are on edge, trying to figure out what’s next.
The big news? QCP Capital tells us it’s the BTC put skew, which was a wild -25% during the chaos, has calmed down to -5%. But don’t get it twisted—things are still shaky, and the market isn’t exactly throwing a party yet.
In April and June, Bitcoin faced two other massive drops but managed to bounce back above $70,000 in under a month.
This time, with BlackRock showing consistent positive inflows all week, there’s hope that U.S. investors will keep the cash flowing and help stabilize things. But we’re not out of the woods yet.
The market is still cautious, especially with some major events on the horizon that could tip the scales in either direction.
Market jitters for Bitcoin ahead of big events
All eyes are on two big upcoming events: Elon Musk’s interview with Donald Trump, set for 8 p.m. ET, and the U.S. Consumer Price Index (CPI) report due on Wednesday. These two events are likely to inject some volatility into the market.
The interview could stir up some chaos, depending on what Elon and Trump decide to throw out there, while the CPI report will give us a clearer picture of inflation and how it’s affecting the economy.
See also Ether ETFs weekly inflow turns green, hits $104 million amid price dip
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.