Bitcoin is currently experiencing a typical Market correction after reaching a peak of $109,000 in January, with analysts suggesting there is still potential for future growth. Experts like Ben Simpson believe this pullback, which saw Bitcoin drop around 24%, is normal and necessary for the Market to stabilize. Despite ongoing uncertainties due to macroeconomic factors, ...
A crypto analyst, Matthew Hyland, suggests that Bitcoin needs to close above $89,000 by the end of the week to signal an end to its current downtrend. He highlighted this in a recent video, stating that a failure to do so could lead Bitcoin’s price to drop to between $69,000 and $74,000, a level it ...
Bitcoin experienced a significant decline of over 16% in February, marking its worst monthly performance since June 2022. The cryptocurrency dropped as much as 5% on a Friday, falling below $80,000 before recovering slightly to around $84,000. Analyst Nic Puckrin noted that the recent sell-off is largely influenced by political factors, especially heightened tariff fears. ...
Bitcoin’s price is likely to remain unstable until real buyers enter the Market instead of just hedge funds looking for quick profits. Kyle Chasse, a crypto venture capitalist, highlights that the recent introduction of exchange-traded funds (ETFs) attracted short-term traders rather than long-term holders, causing volatility. He points out that hedge funds have been capitalizing ...
