Bitcoin experienced an 11% drop from January 7 to 9, falling below $92,000 due to profit-taking and Market uncertainty surrounding U.S. politics. This decline resulted in over $257.5 million in liquidations of leveraged long positions. However, several indicators suggest that this drop could signal a potential buying opportunity. The Spent Output Profit Ratio (SOPR) fell ...
Yesterday, the Federal Reserve cut interest rates by 25 basis points, leading to a Market downward trend, particularly impacting Bitcoin, which fell 8% but managed to stay above $98,000. Notably, a major Bitcoin whale moved over 72,000 BTC, prompting speculation about a possible Market peak. Analysts are now questioning whether this is just a temporary ...
Bitcoin is currently facing resistance near the $101,109 mark, leading to concerns of a potential decline. Ethereum, on the other hand, is approaching the $4,000 resistance level, and a strong close above this could lead to a rebound. Meanwhile, Ripple is finding support around $1.96, with a breach of this level indicating further declines. Bitcoin’s ...
