News Impact on Bitcoin Trading Quiz

1. What is the current price of Bitcoin?

• $65,400
• $91,400
• $88,700
• $58,271

2. What event caused Bitcoin to dip to $88,700?

• A new government regulation on cryptocurrency.
• A major hacker attack on exchanges.
• A significant market crash in tech stocks.
• Dipping event not specified in the news update[1].

3. What event caused Bitcoin to rise above $91,000?

• Increased mining rewards
• Major security breach
• Renewed buying interest
• International trade sanctions

4. What percentage did Dogecoin and Chainlink jump?

• Up to 5%
• Up to 2%
• Up to 10%
• Up to 15%

5. What was the impact of oil prices dropping 3%?

• Increasing fears of a recession
• Driving up demand for alternative energy sources
• Easing concerns about supply disruptions and providing relief for inflationary pressures
• Causing significant layoffs in the oil industry

6. What was the price of Bitcoin on October 15?

• $80,200
• $75,800
• $70,500
• $65,400

7. What percentage did Bitcoin surge to hit $67,200?

• Over 2%
• Over 1%
• Over 5%
• Over 3%

8. What factors drove Bitcoin`s surge to $67,200?

• Investor optimism and political developments, including potential crypto-friendly regulations and strong ETF inflows.
• Increased mining activity and reduced transaction fees.
• Global economic downturn spurring interest in cryptocurrencies.
• Major tech companies adopting Bitcoin as their primary currency.

9. What was the impact of the Trump assassination attempt on Bitcoin?

• No significant impact reported on Bitcoin prices.
• A surge in investor confidence, driving prices up.
• Increased buying power, leading to a rise above $91,000.
• Over $116M in liquidations, causing a 3% drop to $58,271.

10. What event caused Bitcoin to drop to $58,271?

• Federal Reserve rate announcement
• Global economic downturn
• Major market fraud scandal
• Investor uncertainty following the Trump assassination attempt

11. What is the significance of the Fed’s interest rate decision for Bitcoin?

• Interest rate changes are irrelevant as Bitcoin has its own price drivers.
• A rate hike always leads to a decrease in Bitcoin prices.
• Markets were split between a 25 and 50 bps rate cut, affecting investor uncertainty.
• The Fed’s interest rate decision has no relevance to Bitcoin`s price movements.

12. What was the impact of the U.S. core inflation data on Bitcoin?

• Surged as expectations for a major Federal Reserve rate cut diminished, jumping 2.4% to $58,058.
• Dropped due to increased interest rates, falling 1.5% to $57,200.
• Increased slightly as investor confidence waned, up by 0.5% to $58,750.
• Remained stable without significant changes, trading at $58,500.

13. What was the impact of the Fed’s rate cut on Bitcoin?

• Bitcoin dropped to $58,271 after the cut.
• Bitcoin rose nearly 3% after the rate cut.
• Bitcoin remained stagnant at $60,000 after the cut.
• Bitcoin skyrocketed to $100,000 after the cut.

14. What percentage did major altcoins increase after the Fed’s rate cut?

• Up to 5%
• 2%
• 15%
• 10%

15. What was the impact of the U.S. jobs report on Bitcoin?

• Investors celebrated the jobs report, leading to a dramatic increase in Bitcoin`s price.
• The jobs report had no effect on Bitcoin, which remained stable throughout the day.
• Bitcoin surged due to positive job growth expectations, reaching new all-time highs.
• Investors anticipated a critical U.S. jobs report that could impact the Federal Reserve’s decision on interest rate cuts, causing a drop in Bitcoin and Ethereum.

16. What was the price of Bitcoin ahead of the U.S. jobs report?

• $65,000
• Below $56,500
• $75,000
• $50,000

17. What was the impact of investor uncertainty on Bitcoin?

• A wave of liquidations totaling over $300 million, causing a drop below $60,000 and Ethereum’s nearly 7% fall.
• A steady price maintenance above $70,000 due to optimistic investor sentiment.
• A surge in trading volume leading to an all-time high for Bitcoin.
• An increase of 10% in Bitcoin`s price alongside rising market confidence.

18. What is the long-term outlook for Bitcoin despite the recent drop?

• Uncertain due to market volatility
• Pessimistic due to declining investor confidence
• Negative because of high inflation rates
• Positive due to strong fundamentals and ongoing institutional interest

19. What is the Iron Condor strategy in crypto trading?

• A system for predicting Bitcoin`s price movements accurately.
• A strategy for managing Bitcoin’s volatility, similar to traditional market strategies.
• A method for buying and holding cryptocurrencies long-term.
• A technique for day trading with high leverage.

20. What was the impact of significant economic data and geopolitical tensions on Bitcoin?

• Bitcoin remained within the $58,000 to $59,000 range amid these factors[1].
• Bitcoin dropped below $55,000 due to negative market responses[1].
• Bitcoin experienced significant volatility above $65,000 as a result[1].
• Bitcoin surged past $60,000 due to these factors[1].

21. What was the support and resistance levels for Bitcoin?

• Support at $50,000, resistance at $55,000
• Support at $54,000, resistance at $57,000
• Support at $60,000, resistance at $65,000
• Support at $56,300, resistance at $58,660

22. What was the impact of Goldman Sachs purchasing Bitcoin ETFs on Bitcoin?

• Highlighting increasing institutional adoption[1].
• Making Bitcoin solely a speculative asset[1].
• Reducing transaction speeds substantially[1].
• Causing a significant price drop[1].

23. What was the price of Bitcoin ahead of key U.S. economic data?

• Below $60,000
• Over $70,000
• $80,000
• $50,000

24. What was the impact of anticipated policy moves and labor data revisions on major cryptocurrencies?

• Notable declines, with Bitcoin dropping by 2.3% and Ethereum falling by 2.8%
• No major impact, prices of Bitcoin and Ethereum remained stable
• Significant gains, with Bitcoin rising by 3% and Ethereum increasing by 4%
• Prices surged, with Bitcoin gaining 5% and Ethereum up by 6%

25. What could influence potential rallies for Bitcoin?

• Jobless claims decreasing
• Increased oil prices
• Stock market crashes
• Unemployment rates rising

26. What was the impact of the Fed’s rate cut on the broader cryptocurrency market?

• Minimal losses, leading to decreased interest in altcoins.
• Significant gains, with experts seeing further gains in the Q4 period.
• No impact, as cryptocurrency values remained stable.
• Sharp decline, causing panic among investors.

27. What was the price of Bitcoin after the Fed’s rate cut?

• $56,500
• $58,271
• $62,106.92
• $67,200

28. What was the impact of the Fed’s rate cut on Avalanche?

• Remained unchanged
• Dropped 5%
• Surged 9%
• Fell 2%

29. What was the impact of the Fed’s rate cut on Ethereum?

• No impact
• Significant gains
• Instant loss of confidence
• Decreased by 10%

30. What was the impact of geopolitical tensions on Bitcoin’s trading range?

• Saw a surge above $60,000
• Stabilized at $70,000
• Experienced a drop below $50,000
• Remained within the $58,000 to $59,000 range