Bitcoin recently reached an all-time high of over $109,000 but has since dropped about 25% to around $82,000. This decline has raised concerns among investors who once expected significant gains with pro-crypto policies from the Trump administration. Historical trends show that Bitcoin’s price has experienced more severe swings in the past, and long-term holding has ...
Recently, Bitcoin traded around $84,000, with a notable whale exiting a large short position. Positive performances from smaller cryptocurrencies like CAKE, TKX, and OKB contributed to Market optimism. The SUI token struggled to sustain a previous surge tied to institutional interest in potential ETF filings with the SEC. While some analysts speculate that the Bitcoin ...
The Bank of Korea has confirmed that it will not add Bitcoin to its foreign exchange reserves due to concerns over its price volatility, which could create high transaction costs when converting it to cash. Additionally, Bitcoin does not meet the International Monetary Fund’s guidelines for managing foreign exchange reserves. In contrast, the United States, ...
As Market fears rise with the Nasdaq and S&P 500 entering correction territory, investors are questioning the stability of cryptocurrencies like Bitcoin and XRP during a potential Market crash. Historically, both assets fell sharply during the 2020 coronavirus crash but eventually recovered. Bitcoin tends to be viewed as a long-term store of value, while XRP’s ...
The cryptocurrency Market has shown signs of stability recently, with Bitcoin reaching $84,000 before facing some volatility. A recent U.S. CPI report suggesting interest rate cuts by the Federal Reserve has positively influenced trader sentiment, particularly in the memecoin sector and blockchain tokens. However, concerns remain due to potential economic issues like U.S. tariffs and ...
Bitcoin’s four-year compound annual growth rate (CAGR) has reached a record low of 8%, according to Glassnode data. This period aligns with Bitcoin’s halving cycle, a time often characterized by significant Market movements. Historically, Bitcoin traded around $60,000 in March 2021, marking a peak before this decline. As the cryptocurrency matures, its volatility and returns ...
The cryptocurrency derivatives Market has recently experienced a significant liquidation event, with over $680 million liquidated in just 24 hours as Bitcoin and other digital assets fell in value. Data shows that long positions accounted for nearly 76% of these liquidations, totaling around $519 million. Bitcoin took the largest hit, with $278 million liquidated, while ...
Bitcoin is currently facing potential volatility as its price hovers around $83,000, with a critical support level at $82,000. A drop below this threshold could trigger over $1.13 billion in liquidations of long positions, leading to increased Market pressure. Recent announcements regarding the creation of a U.S. bitcoin reserve have disappointed investors, who expected more ...
Bitcoin’s future could become more volatile if it ends the week below the critical $82,000 support level. Investor sentiment is currently low, following disappointment over President Trump’s recent executive order, which proposed creating a Bitcoin reserve from seized assets rather than acquiring new Bitcoin. Analysts from Bitfinex warn that without direct federal investment, Bitcoin’s price ...
Bitcoin and the Nasdaq are closely linked in their Market movements, but recent trends suggest potential challenges ahead. The Nasdaq has formed a “double top” pattern, indicating a possible decline, which could also impact Bitcoin. With Bitcoin hovering around $82,305 and crucial support at the 200-day moving average near $82,587, a drop below this level ...
