Bitcoin

when

Cloud

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-declines-as-microsoft-earnings-report-disappoints/" data-wpel-link="internal">Bitcoin Price Declines as Microsoft Earnings Report Disappoints</a> 
BTC price is gradually moving away from the $70,000 level, and sales may accelerate once Asian markets open in a few hours. There are many reasons for the decline, and <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">good news</a> doesn’t seem to matter much to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> at the moment. So, what happened in the last few minutes that caused <a href="https://en.coin-turk.com/blackrock-prepares-for-a-milestone-with-anticipated-bitcoin-etf-approval/" data-wpel-link="internal">Bitcoin</a> to turn downward again? 
<h2 style="text-align: justify" id="why-did-bitcoin-drop">Why Did Bitcoin Drop?</h2> 
Microsoft earnings report was just released, and we mentioned that bad data in this week’s important developments could negatively affect the markets. Although earnings per share and net income exceeded estimates, Microsoft fell short in some revenue categories. This led to a rapid drop in Nasdaq100 Futures from 18,840 to 18,600 points. Simultaneously, BTC also dipped to $65,302. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-375471 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/BTCUSDT_2024-07-30_23-20-26.png" alt="" width="1815" height="836"> 
<blockquote> 
 “Earnings Per Share $2.95, (Estimate $2.90) 
 Revenue $64.7 Billion, (Estimate $64.52 Billion) 
 Cloud Revenue $36.8 Billion, (Estimate $36.84 Billion) 
 Intelligent Cloud Revenue $28.52 Billion, (Estimate $28.72 Billion)” 
</blockquote> 
Tomorrow, the Microsoft earnings report could lead to a red start when the US market opens. And of course, due to positive correlation, the Fed meeting, and the recent $2 billion BTC transfer by the US, losses in crypto could also occur. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-declines-as-microsoft-earnings-report-disappoints/" data-wpel-link="internal">Bitcoin Price Declines as Microsoft Earnings Report Disappoints</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-price-declines-as-microsoft-earnings-report-disappoints/" data-wpel-link="internal">Bitcoin Price Declines as Microsoft Earnings Report Disappoints</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Declines as Microsoft Earnings Report Disappoints

Table of Contents

COINTURK NEWS

Other articles published on Jul 30, 2024

Pixelverse and Jambo Team Up to Boost Crypto Gaming

Rollblock and Cardano Holders Expect Strong Rallies On Important Updates; FET Investors Uncertain

How Fully Homomorphic Encryption Allows For True End-to-End Encryption

Mempool Launches Accelerator Service to Expedite Bitcoin Transactions via Mining Pools

Rollblock Set to Capture Large Share of $450B Industry; Toncoin (TON) and VET Reverse Gains

Bitcoin to $428,000? James Lavish Says 1% Is Key

Join our free newsletter for daily crypto updates!