Finance news
Author: Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he’s trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he’s not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
Jun 10, 2024 17:58
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he’s trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he’s not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
The average monthly change in demand for Bitcoin from retail investors with transactions under $10K has dropped to -17%. Historically, a similar decline to -18% preceded a massive price surge from $40K to $70K. This pattern suggests that the current drop in retail demand could signal an upcoming rally. With the FOMC meeting on June 12th just days away, potential rate cuts could further fuel Bitcoin’s rise.
