A recent analysis suggests that Bitcoin could face a dramatic drop of 91% from its all-time high of $109,000, potentially falling to as low as $10,000 by January 2025. Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, warns this decline may echo previous steep corrections, like the 2011 crash when Bitcoin dropped 92%. He ...
Ethereum’s token, Ether (ETH), has hit multi-year lows against Bitcoin (BTC), raising concerns among analysts for more potential declines. Recently, the ETH/BTC trading pair dropped to its lowest since May 2020, losing over 85% from its peak in 2017. This ongoing downtrend is fueled by several factors, including fierce competition from other blockchains like Solana ...
Bitcoin’s price saw a slight decline on Monday, trading around $92,000 after a nearly 10% increase the day before. This uptick came amidst a weaker investor sentiment, highlighted by a significant net outflow of $2.39 billion from U.S. spot Bitcoin ETFs last week, indicating decreased institutional demand. Recent news of President Trump’s proposal for a ...
Bitcoin’s price is currently just under $105,000, facing uncertainty about its next movement. To maintain its upward trend, analysts highlight the importance of the $97,877 support level, where investors have accumulated over 101,000 BTC. If Bitcoin stays above this price, optimism for a continued bullish phase remains strong. Nevertheless, if it drops below this support, ...
Bitcoin experienced a significant rebound, rising to $105,683.70 after the U.S. Securities and Exchange Commission announced a new task force to develop crypto regulations. This 4.3% increase reflects growing Market confidence, especially with President Trump emphasizing a pro-crypto environment. Meanwhile, MicroStrategy, a major Bitcoin investor, plans to buy more, boosting its holdings further. The overall ...
Bitcoin’s price is currently around $101,300, having slightly dipped after a 4% increase yesterday. The Market reacted positively to the resignation of Michael S. Barr from his position as Vice Chair for Supervision at the Federal Reserve, which helped push Bitcoin past the $100,000 mark. A report from Bitfinex indicates that while Bitcoin remains strong, ...
Bitcoin’s price is currently around $101,300, having dipped slightly after a nearly 4% rise the previous day. The recent resignation of Michael S. Barr from his role as Federal Reserve Vice Chair for Supervision has been a significant factor in pushing Bitcoin above the $100K threshold. A report from Bitfinex suggests that, while Bitcoin looks ...
