The crypto market has displayed a strong bearish price action overnight. Following this, top crypto tokens have plunged below their important support levels. Moreover, Bitcoin, Ethereum, and Ripple tokens have recorded a similar price action, resulting in increased bearish sentiment.
Bitcoin (BTC -3.24%) has been on an incredible run over the past six months, rising by 50% in value and hitting a massive milestone along the way, as it topped $100,000 for the first time ever. Crypto investors have been bullish on the recent election results, hopeful that President Donald Trump will help the digital currency reach even higher levels in the years ahead.
A bear trap is a form of coordinated but controlled selling that creates a temporary dip in an asset's price, comprising a significant correction during a long-term uptrend.
Bitcoin's price is nearing a pivotal moment, with $97,190 as a crucial support level to watch.
Julio Moreno, head of research at CryptoQuant, has noted that Bitcoin's mempool, a queue of pending transactions, is "practically empty."
The European Central Bank (ECB) president generated buzz in the crypto community and the wider financial market when she weighed in on the debates about the need to set up a strategic crypto reserve.
El Salvador, one of the most pro-crypto countries in the world, added 5 BTC to its Bitcoin Reserve on Saturday. The country purchased over $5 million worth of BTC in the past month.
A recent drop has brought Bitcoin closer to crucial support levels, indicating that it is beginning to show signs of weakness. The $90,000 threshold is becoming a crucial one that might dictate the market's next significant movement.
Bitcoin (BTC) fell to $99,082.51 before recovering to $100,193.79. BTC mining revenue dropped to $1.4 billion in January.
Bitcoin has experienced a significant drop, falling below the symbolic mark of 100,000 dollars for the first time since January 27. This decline comes amid heightened trade tensions, following Donald Trump's announcement of new tariffs targeting China, Canada, and Mexico, prompting immediate reactions from these countries.
Ethereum (ETH) has been under intense selling pressure, raising concerns among investors about the coming weeks. The trend remains bearish, and if this momentum continues, ETH could struggle to find support at key levels.
Renewed trade war, coupled with mass deportations, could add to inflation. BTC's weakness likely reflects those fears.
Bitcoin (BTC) is rapidly approaching a critical juncture in its price movement, with analysts closely watching an upcoming economic report that could significantly influence its trajectory over the next few months. Benjamin Cowen, a respected analyst with over 860,000 YouTube subscribers, has weighed in on what might drive Bitcoin's next major move.
The intense cold wave in the United States has caused the first negative adjustment in Bitcoin mining difficulty since September 2024, according to mining company Luxor. In January, a powerful explosion in the Arctic dropped temperatures in the USA, increasing the demand for electricity and driving up energy prices.
Bitcoin's price has hit a rough patch, dipping below a crucial moving average that has long served as a key support level. This break below the moving average has raised alarm among traders and investors, signaling potential weakness in the market.
It was another roller-coaster week for the crypto market as the new AI player began to dominant the US market. With the Trump administration pushed pro-crypto policies and laid out some regulatory updates. The global crypto market cap fell 5% to $3.39 trillion, while the fear and greed index stayed neutral at 47.
Bitcoin (BTC) has recently been on an upward trajectory, holding above the $104,000 mark and consolidating just below its all-time high (ATH). This positive momentum has drives optimism in the market, as investors anticipate a potential breakout that could push BTC into new territory.
Bitcoin has been trading sideways since mid-January, moving within a tight range between its all-time high and the $97,750 support level. The market remains divided, with bulls expecting a breakout into price discovery and bears speculating that the cycle top is already in.
The total value of wrecked positions is well above $500 million on a daily scale.
The cryptocurrency market is currently struggling, with the majority of the top 10 altcoins seeing major declines. While Bitcoin (BTC) has shown some resilience, many altcoins are in the red, leading to a general feeling of uncertainty among investors. Bitcoin, the market leader, is priced at $99,780, showing a slight 2.
Senator Cynthia Lummis has reaffirmed her commitment to advancing legislation that would establish a strategic Bitcoin reserve in the United States. Speaking in Washington, D.C.
Bitcoin has dropped below $100,000 for the first time since Jan. 27 following Donald Trump's imposing import tariffs on goods from China, Canada, and Mexico, which triggered immediate responses from the three countries.
Bitcoin's wild price swings have kept the market on edge, as volatility remains the norm for crypto traders. This week alone, BTC surged from $97K on Monday to a high of $106K yesterday before settling around $102K.
Bitcoin (BTC) continues its sideways price movement, maintaining its position within the $90,000-$108,000 range since late December 2024. Despite recent price corrections, Bitcoin remains above key levels, with analysts pondering whether the crypto market has reached a period of satisfaction, pausing before a potential breakout.
Here's why Robert Kiyosaki is bullish on Bitcoin this time.
In no uncertain terms, European Central Bank President Christine Lagarde has decreed that Bitcoin will never find its way into the vaults of an EU central bank. In a recent statement, Lagarde pointed out that Bitcoin does not possess the defining characteristics of any reserve asset-liquidity, security, or stability.
Warren Buffett is one of the most-watched investors on the face of the planet. His track record allocating capital as the longtime CEO of Berkshire Hathaway (BRK.A -0.91%) (BRK.B -0.78%) speaks for itself, with shares of the conglomerate up a jaw-dropping 52,720% in the past four decades.
Bitcoin investors are bracing for volatility as financial expert Robert Kiyosaki forecasts a significant downturn in the cryptocurrency market. His prediction is tied to the imminent rollout of tariffs by former President Donald Trump, set to take effect on February 1, 2025.
Renowned investor and Rich Dad Poor Dad author Robert Kiyosaki has issued a warning about Bitcoins potential crash following new U.S. tariffs. However, he sees this as a prime buying opportunity for investors.
Changpeng Zhao (CZ), former Binance CEO, believes Europe must embrace Bitcoin (BTC) as more than just an investment. With the euro struggling and Bitcoin hitting new all-time highs, the gap is widening.
Bitcoin historian Pete Rizzo recently shared a snapshot of the first-ever Bitcoin website from Jan. 31, 2009, when Bitcoin was valued at $0. The early version of Bitcoin.org featured a minimalist design and details on Bitcoin v0.1, the first open-source client, released on Jan. 9, 2009.
Bitcoin (BTC) is holding steady above $100,000, but long-term investors remain unfazed by profit-taking opportunities. On-chain data from CryptoQuant analyst Crypto SunMoon reveals that BTC holders who accumulated at least seven years ago are not moving their funds to exchanges.
Bitcoin's (BTC) futures market has seen a significant uptick, surging by $1.2 billion following the Federal Open Market Committee (FOMC) meeting. This surge signals growing interest from institutional investors, particularly in the wake of the FOMC's decision to maintain interest rates.
Bitcoin (BTC) holds $100K as Trump's tariffs shake markets. Fed policy uncertainty and ETF inflows fuel BTC's next move.
The debate over Bitcoin's role in global finance has heated up after Christine Lagarde, President of the European Central Bank (ECB), firmly rejected the idea of Bitcoin (BTC) being used as a reserve asset by central banks.
Altcoins fared far worse than bitcoin as the new U.S. president seemingly ignited a trade war.
The crypto market is experiencing another bearish drawdown, with the price of Bitcoin (BTC), XRP, and Dogecoin (DOGE) in the spotlight. Amid this mild route, the combined crypto market cap has dropped by 2.06% to $3.43 trillion.
Crypto analyst Kevin Capital has suggested that the Bitcoin price may be in trouble. This follows his revelation that a bearish pattern that once led to a market crash in the last cycle has returned for the flagship crypto.
The cryptocurrency market has been showing mixed signals, with several key assets like Shiba Inu (SHIB), Dogecoin (DOGE), and Bitcoin (BTC) experiencing significant price movements and technical shifts. While some are showing signs of stabilization, others are encountering bearish patterns, raising concerns about potential price declines.
The adoption of Bitcoin as a strategic asset by smaller nation-states may be the catalyst that drives bigger countries to follow suit.
Renowned investor and entrepreneur Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has issued a stark warning regarding the future of Bitcoin. Following a significant drop in Bitcoin's price, Kiyosaki suggested that the cryptocurrency could experience a further crash.
El Salvador buys 5 more BTC to add to its reserves.
Volatility remains the norm in the Bitcoin market, with aggressive price swings defining the past few days. On Monday, BTC dropped to $97K before surging to $106K yesterday.
Bitcoin transaction fees have plummeted as reduced activity on the network led miners to nearly clear out Bitcoin's pool of unconfirmed transactions.
Prominent on-chain analytics firm Glassnode believes that Bitcoin (BTC) has more room to run to the upside based on one on-chain indicator.
The crypto and US equities markets started the week on the worst possible note, reacting negatively to the launch of the Chinese AI platform DeepSeek. Despite the initial downturn, the Bitcoin price has since returned above the $100,000 level, moving mostly sideways to close the week.
On Jan 30, 2025 at the inaugural PlanB Forum in El Salvador, Tether announced it is bringing USDT to Bitcoin and the Lightning Network.