Ju insists that the recovery of the Bitcoin market is heavily tied to United States investors' sentiment.
With the prices of leading cryptocurrencies like Bitcoin (BTC -7.69%), XRP (XRP -10.11%), and Solana (SOL -14.04%) plunging over the last 30 days, many as much as around 30%, it's natural for investors to fear the onset of a bear market. But there isn't any guarantee that a bear market is here, or that one will come soon.
The cryptocurrency market is under selling pressure, with Bitcoin down over 11% in the last 24 hours to $82,858 at press time. Nearly $1 billion have been liquidated across the crypto market in the last 24 hours, with Bitcoin accounting for $372 million of that total.
The International Monetary Fund (IMF) has set new conditions for El Salvador to receive its full $1.4 billion loan. One key requirement is that El Salvador must gradually scale back its involvement in the Chivo Bitcoin wallet, a government-backed platform introduced after the country adopted Bitcoin. The post IMF Pressures El Salvador to Halt Public Sector Bitcoin Purchases Under $1.4B Deal appeared first on Cryptonews.
Bitcoin's price has been experiencing a massive drop over the past few weeks, and while it initiated a brief recovery recently, the correction is not over yet.
Bitcoin mining firm Marathon Digital reported a decline in Bitcoin production for February, down month-over-month due to higher network difficulty and fewer operational days.
The International Monetary Fund (IMF) has approved a new 40-month arrangement under the Extended Fund Facility (EFF) for El Salvador, providing access to approximately $1.4 billion to boost the country's growth prospects and address macroeconomic imbalances.
Bitcoin (BTC) analysts went to X this morning, setting a potential recovery roadmap from the crash up to $150,000. Together with the stock market, Bitcoin and other cryptocurrencies crashed once again, with BTC trading below $85,000 on Wednesday.
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump's crypto reserve announcement. Sunday's rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels.
In his latest blog post, titled “KISS of Death,” former BitMEX CEO Arthur Hayes outlines a provocative thesis on the trajectory of Bitcoin and broader financial markets under the renewed presidency of Donald Trump. Hayes—who has long held bullish views on crypto—argues that a convergence of fiscal and monetary policies could catapult Bitcoin's price to as high as $1 million during the Trump 2.0 era, but only after a period of recession-driven turmoil.
Since President Trump confirmed plans for a US crypto reserve, speculation has been rampant about which assets will be included. While Bitcoin is expected to dominate, many believe that altcoins like XRP, Solana, Ethereum, and Cardano could also be part of the reserve.
Bitcoin price has been highly volatile since last week. BTC initially plunged from near $100,000 to $78,200 last week and then bounced back to $95,000 on Monday, and down $83,800 today.
Bitcoin has dropped 11.26% week-to-date amid Trump's trade war, but bullish reversal patterns, institutional accumulation, and a weakening dollar suggest BTC could soon rally toward $100,000–$340,000.
The total market cap of the 14 publicly-listed U.S. bitcoin miners that the bank tracks dropped 22% last month, the report said.
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Crypto influencer Quinten Francois had pointed out before the chaos began that Bitcoin's past cycles were filled with severe corrections - some as deep as 50% - that had traders calling for the end, only for Bitcoin to keep climbing. That is how the cycle works.
Eric Trump's recent comments on the strategic crypto reserve announcement have sparked mixed reactions, with some praising him while others criticize the Trump family's involvement in the industry. What Happened: In an X post on Monday, Eric Trump expressed gratitude after popular crypto trader AltcoinGordon credited his late-February “buy the dips” advice when Bitcoin (CRYPTO: BTC) dropped below $90,000 on Feb. 25.
Michael Saylor, once a Bitcoin maximalist, now supports a multi-token crypto reserve, including XRP and Cardano. Critics argue that Bitcoin should remain the sole reserve asset, questioning the inclusion of altcoins.
The IMF said bitcoin usage remains marginal in El Salvador, with minimal circulation as a payment method due to its high price volatility and low public trust.
Michael Saylor, long-time Bitcoin maximalist, has surprised the crypto world by adopting a favorable stance towards the inclusion of XRP and Cardano in the proposed U.S. national reserve by President Trump. In an interview yesterday with CNBC, the co-founder of Strategy stated that this diversification would be beneficial for both Bitcoin and the entire American crypto ecosystem.
The billionaire, a well-known bitcoin proponent, added he holds no bonds or stocks except for his own company shares.
A newly disclosed set of deadlines from the International Monetary Fund (IMF) appears set to sharpen oversight of El Salvador's Bitcoin during the coming year and beyond.
Arthur Hayes remains bullish on Bitcoin, expecting potential short-term drops but maintaining that the overall bull market is intact.
The cryptocurrency market shows fast-changing price movements that forces investors to spend their time chasing next profitability opportunities among assets. The Cardano price jumped by 50% throughout a single day following news about Trump's crypto reserve although the hybrid platform DTX Exchange continues to gain strength.
Even die-hard crypto investors are getting worried right now. Bitcoin (BTC -11.34%) is now down 18% from an all-time high of $109,000 in mid-January, and trades around the $89,000 level on March 3.
El Salvador is working on a $1.4 billion funding agreement with the International Monetary Fund (IMF), but it comes with strict conditions.
Bitcoin (BTC) has entered its third corrective phase since the start of its bullish rally in 2023. This phase could set the stage for another surge, with BTC potentially targeting $130K if it breaks above the $100K mark in the coming months.
Arthur Hayes, co-founder of BitMEX and prominent crypto investor, on Tuesday reaffirmed his bullish outlook on Bitcoin (CRYPTO: BTC), stating that the cryptocurrency's lowest point for 2025 is unlikely to dip below $70,000. He also reiterated his long-term target of $1 million per Bitcoin, a forecast he insists remains intact despite recent market turbulence.
The week began with bitcoin ETFs experiencing a net outflow of $74 million, while ether ETFs marked their eighth consecutive day of withdrawals, totaling $12 million. Bitcoin and Ether ETFs Continue to See Capital Outflows The crypto exchange-traded funds (ETFs) market commenced the week with continued outflows, as bitcoin ETFs experienced net outflows totaling $74.
Trump seems to have taken a page out of his real estate negotiations in pitching XRP, ADA and SOL as candidates for crypto reserve to win over approval for bitcoin.
BlockDAG price has risen by 2,380 percent since presale launch in March 2024 and that rate could grow exponentially after exchange listings.
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Bitcoin has had a rough start to 2025 due to economic uncertainty and a broader risk-off sentiment in global markets. Amid fresh trade tariffs and macroeconomic shifts, investors are moving toward safer assets like gold.
ETH dropped toward $2,000 but managed to defend that level, for now.
Bitcoin dominance (BTC.D) recently fell below the 50% mark, sparking discussions about the potential start of an altcoin season. This change in the market comes after a key decision by President Trump, who confirmed that the U.S. “Crypto Strategic Reserve” would include altcoins like Ripple (XRP), Solana (SOL), and Cardano (ADA).
The crypto market today has taken a major hit, with Bitcoin, ETH, XRP and the majority of altcoins plunging steeply. The business's market cap at the time of press has dropped 9%, triggering fear among the market participants. This freefall is closely aligned with pressure looming across traditional markets.
Bitcoin (BTC) and other altcoins have faced significant declines over the past few weeks, with many investors feeling the effects of the downturn.
El Salvador has expanded its Bitcoin holdings once again, purchasing five additional BTC amid a market dip that saw the asset fall to $83,000. The post El Salvador Buys the Dip, Adds 5 More Bitcoin as Price Hits $83K appeared first on Cryptonews.
Bitcoin dropped a staggering 10% in the past day, despite Donald Trump's bullish announcement of a crypto reserve in the US.
Bitcoin price was down on Tuesday, losing 2.9% of its value to trade at $83,690 at the time of writing. The coin has resumed a downtrend, barely two days after US President Donald Trump announced plans to establish a strategic Federal Cryptocurency Reserve whose composition will include BTC, ETH, SOL, XRP and ADA.
Bitcoin falls below $83K after surging to $95K on Trump's Crypto Reserve plan. Will BTC recover, or is more downside ahead? Key levels to watch now. The post Bitcoin Price Falls Below $83K After 9% Drop – What's Next for BTC? appeared first on Cryptonews.
Just a day after cryptocurrencies surged following President Donald Trump's announcement of the US Crypto Strategic Reserves, Bitcoin took a sharp dive, dropping nearly 10% and erasing its earlier day gains to hit $83K.
After the huge Trump-inspired Sunday pump, all the gains have now been given back. President Trump's tariffs have just gone into effect, and Canada and Mexico have 25% levied against imported goods into the US, while China tariffs doubled to 20%.
Ethereum's price has plunged over 30% in the past 30 days. This has dragged its performance against Bitcoin (BTC) to its lowest level since January 2021.
A crypto strategist known for making timely Bitcoin calls believes that a deeper drawdown is now on the table for BTC. Pseudonymous analyst Credible tells his 464,800 followers on the social media platform X that he now expects Bitcoin to go below its recent low of $78,000 after failing to reclaim $90,000 as support.
Gold leaves Bitcoin in the dust over US trade tariffs as BTC price action joins stocks and even the US dollar in taking a fresh hit.
Gold leaves Bitcoin in the dust over US trade tariffs as BTC price action joins stocks and even the US dollar in taking a fresh hit.