Hayes believes BTC could record more declines over the weekend before finally consolidating.
Bitcoin (BTC) crashed by more than 21% in the last seven days from a local peak at $99,495, down to $78,219 on February 28, bringing uncertainty to traders and investors. A prominent trading expert, however, believes this movement is part of an expected market correction that is about to end.
MetaMask announced plans to incorporate support for Bitcoin and Solana within the year as part of its ongoing product developments.
TL;DR According to Matrixport, Bitcoin's current correction could extend until March or April due to macroeconomic policies and the strengthening of the US dollar. The US Dollar Index (DXY) has risen for three consecutive days, driven by investors seeking refuge, putting downward pressure on Bitcoin prices.
What's happening to Bitcoin? Only a week ago, the leading crypto was trading above $98K.
Bitcoin's price has been dropping rapidly over the past few days, with large red candles showing significant bearish momentum. If the market does not rebound soon from the key area it currently finds itself at, things could get much worse for the crypto market.
The biggest corporate buyer of Bitcoin, Strategy (formerly MicroStrategy), is under tremendous pressure as a result of the recent decline, as the company now faces an amazing $3.86 billion in unrealized losses in its recent Bitcoin acquisitions. Michael Saylor led the company's aggressive accumulation strategy, which has drawn praise and criticism.
Following Bitcoin's tumble below the $91,000 price mark, notable Bitcoin proponents have reminded troubled market participants of the possibility of a continued downward price correction in the near term. However, the long-term outlook remains bullish.
Coinbase analysts say bitcoin's downturn is due to a lack of positive catalysts and insufficient support at the $80,000-$90,000 range.
"Now that is a dip I would like to buy," Standard Chartered's Geoffrey Kendrick said of the $69,000–$76,500 range for bitcoin.
The Arizona Senate passed the Strategic Digital Asset Reserve (SBR) bill on third reading with 17 votes in favor and 12 against.
Bitcoin miners are holding onto their BTC despite a sharp price drop to $79K, reducing selling pressure and signaling market resilience.
MetaMask is set to integrate Bitcoin and Solana into its platform in the near future, expanding its functionality for users of these prominent cryptocurrencies.
Many people wonder about the length of Bitcoin's rollercoaster journey that its price increase has been on. The bull run may persist until at least April 2025, argues CryptoQuant CEO, Ki Young Ju.
The world's most popular cryptocurrency, Bitcoin slid to a new yearly low on Friday morning as fresh U.S. tariffs on China added to an already tumultuous week for cryptocurrencies.
The bitcoin price crash could see the bellwether coin's value fall below $70,000 or even as low as $50,000, but there's a silver lining The post Bitcoin Price Crash – Why Trump 2.0 Turned Into a Crypto Nightmare, But There's a Silver Lining appeared first on Cryptonews.
Bitcoin marks a dip to $78k as the crypto market witnesses a $500B decline this week. Furthermore, the rising outflows in the Bitcoin ETFs and historical trends warn steeper corrections before a potential bounce back.
Geoff Kendrick, Standard Chartered's Head of Digital Assets Research, offers a cautiously optimistic outlook for cryptocurrencies amid recent market turbulence. What Happened: In an interview on CNBC on Thursday, Kendrick acknowledged the positive medium-term outlook for cryptocurrencies under Trump.
The crypto investors are no longer strangers to volatility, as crypto tokens rise and drop with changing trends and their demand. At present, the crypto market is witnessing one of the biggest downturns, where most digital assets are crashing.
Bitcoin miner Bitdeer purchased 50 more Bitcoin today. Bitcoin market price is trading slightly below the $80,000 mark.
While bitcoin (BTC-USD) slid drastically this week and now hovers above $84,000, the US Securities and Exchange Commission (SEC) has motioned to dismiss its case against cryptocurrency exchange Coinbase (COIN). Bitcoin Opportunity Fund co-managing partner James Lavish joins host Josh Lipton for a conversation on the crypto space's sentiments under the second Trump administration and recent outflows in spot bitcoin ETFs.
Bitcoin has plunged below the $80K level, setting fresh lows and sparking fear across the market. The recent downturn has erased over 18% of BTC's value since last Sunday, leaving investor sentiment at extremely fearful levels.
Bitcoin (BTC-USD) has fallen to its lowest levels since June 2022, trading just above the $84,000 mark Thursday afternoon. Yahoo Finance Markets & Data Editor Jared Blikre examines this significant price decline while analyzing the health of the broader cryptocurrency market.
Bitcoin & Solana Integration: Native support for BTC in Q3 2025 and SOL in May. Users can pay fees with any token, reducing ETH dependency.
Bitcoin has likely completed its Wave 4 correction at $79,000. A potential reversal could push BTC toward $93,676, but failure to reclaim this level risks deeper downside to $73,196.
Bitcoin (CRYPTO: BTC) continues to tumble, falling as low as $78,433 in early Friday morning hours amid a record streak of spot Bitcoin ETF outflows. What Happened: According to data from SoSoValue, U.S. spot Bitcoin ETFs have seen $3.2 billion in net outflows over an eight-day period, matching the longest negative streak since their debut.
Bitcoin has officially filled the CME gap, a key technical event that many traders have been watching closely. While some expected a market drop around March 10, it seems the correction arrived earlier.
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Scottie Pippen, a basketball player legend, has reacted to the current crypto market drawdown, urging the community not to miss the current opportunity to accumulate Bitcoin with a discount.
Bitcoin is going through an unstable period. Between spectacular rallies and dizzying falls, the queen of crypto shapes the mindset of investors with rare brutality.
European equities dropped, tracking Asian shares lower, as US President Donald Trump's latest pronouncements on trade tariffs drained investor appetite for riskier assets. Bitcoin plunged, extending declines from its January peak to over 25%.
China warned it would hit back at Donald Trump's trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world's largest economies. Trump said 25% tariffs on Canada and Mexico would come into force from March 4, while Chinese imports would face a further 10% levy.
Interest in buying discounted crypto has reached its highest point since July 2024, driven by a recent market decline that pulled Bitcoin BTC below $80,000.
THORChain's native token has plummeted 20% in the past 24 hours, wiping off recent gains as the rest of the market also bleeds. The price of THORChain (RUNE) changed hands around $1.20, dipping sharply after hitting highs above $1.60.
Bitdeer, a prominent cryptocurrency mining company, has invested $4 million in Bitcoin, purchasing 50 BTC at an average price of $81,475, despite the ongoing crypto market downturn. The post Crypto Miner Bitdeer Invests $4M in Bitcoin Amid Crypto Market Slump appeared first on Cryptonews.
Metaplanet, the Japanese company that has established itself as a prominent corporate adopter of Bitcoin, is starting to experience modest losses on its investments.
Bitcoin price broke below $80,000 for the first time in three months as investors continued to reduce their exposure to high-risk assets amid mounting tariff woes. BTC traded at $79,885 at the time of writing, down by 5.6% on the daily chart.
U.S. spot bitcoin ETFs saw $3.2 billion worth of net outflows in an eight-day negative streak, matching the longest since their debut.
Everything is bigger in Texas, the popular saying goes. Now, Bitcoin adds to that reputation as the state moves closer to creating its own strategic Bitcoin reserve.
Macroeconomic trends and central bank policies suggest Bitcoin's correction may extend to April as the US dollar strengthens, according to Matrixport.
TL;DR Market Plunge: Bitcoin and Ether drop below key levels, $80K and $2,100 as tariff uncertainty shakes investor confidence. Tariff Tension: U.S. tariff hikes on imports stoke fears of trade wars, potentially driving inflation and economic slowdowns. Liquidation Wave: Hedge fund sell-offs trigger over $1.34B in crypto liquidations, dragging down overall market cap by 7.25%.
Bitcoin (BTC) tumbled to an intraday low of $78,197 per coin early Friday, its sharpest descent in months. As of publication, the digital asset hovers listlessly below the $80,000 threshold at $79,875, signaling persistent bearish momentum. Crypto Carnage: Bitcoin Tumbles to Nov. 2024 Lows The leading cryptocurrency has shed 7% against the U.S.
The price of Bitcoin (BTC) is still fluctuating like a roller coaster, raising concerns among traders and investors. Despite the current market situation, Bitcoin proponent and JAN3 CEO Samson Mow has renewed confidence in the coin's prospects.
On-chain data shows the large Bitcoin holders are capitalizing on the lower prices as they have switched to accumulating again. Bitcoin Whales Are Now In Net Buying Mode According to data from the market intelligence platform IntoTheBlock, the Large Holders are buying BTC right now.
For most of February, the crypto market trended sideways, but this week, activity has plunged due to the impact of Donald Trump's war trades. The downturn triggered over $800 million in liquidations in the past 24 hours as traders struggled with the volatility.
XRP fell 10.01% to $2.0015 by 01:15 (06:15 GMT) on the Investing.com Index, marking its steepest one-day decline since February 24. The drop reduced XRPs market cap to $116.14 billion, accounting for 4.41% of the total crypto market.
Bitcoins (BTC) price has dropped over 20% this month, marking its worst performance since June 2022. Despite the decline, traders on crypto exchange Bitfinex, known for accurately predicting market tops and bottoms, are increasing their long positions, signaling potential optimism for a rebound.