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news-imageFebruary 3, 2025

Bitcoin (BTC) Elliott Wave Analysis: Sharp Decline Seen But Key Support Maintained

Bitcoin shows signs of a corrective phase with key Fibonacci levels acting as support. RSI momentum and price action suggest potential reversals or continuation, highlighting crucial resistance and support zones.
Publisher: FXEmpire
Sentiment: Negative
BTC

More News Articles

Neutral
cover-imageCNBC Television
February 3, 2025

Swan Bitcoin's Steven Lubka on the rise of meme coins

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry.

Positive
cover-imageBitcoinist
February 3, 2025

El Salvador Stays Bullish, Adds 5 Bitcoin To Its Growing Reserve

El Salvador has once again increased its Bitcoin reserves, thereby expanding its ambitious strategy of incorporating cryptocurrency into its national economy. The country's total Bitcoin holdings have increased by five, bringing the total to an estimated 6,055 BTC, which is worth over $600 million at current prices.

Positive
cover-imageInvezz
February 3, 2025

Utah poised to become first US state to establish Bitcoin reserves

Utah legislators could be the first to approve a strategic Bitcoin reserve due to a fast-moving legislative calendar and strong political backing. According to Dennis Porter, the CEO and founder of the Satoshi Action Fund, there's a high chance that Utah will be housing the world's first state-level Bitcoin strategic reserve.

Negative
cover-imageBenzinga
February 3, 2025

Dogecoin, Shiba Inu Crater 13% As Bitcoin Takes A Tariff Beating

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) suffered double-digit losses overnight as Bitcoin (CRYPTO: BTC) briefly slumped to $92,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2571 $38 billion -12.6% -17.6% Shiba Inu (CRYPTO: SHIB) $0.00001484 $8.7 billion -13.5% -16.8% PEPE (CRYPTO: PEPE) $0.059745 $4.09 billion -19.2% -21.4% Trade Notes: Crypto trader Tardigrade reassured that DOGE's pullback is part of a macro cycle.

Negative
cover-imageThe Currency Analytics
February 3, 2025

Bitcoin Price Faces Risk of Dropping to $75K by March

Bitcoin (BTC) has recently seen a significant price decline, falling to $91,180, marking a 10% drop in the last 24 hours. With mounting concerns about the future of its price, there is growing speculation that Bitcoin could continue its downward trajectory.

Positive
cover-imageBitcoin
February 3, 2025

ETF Weekly Recap: Bitcoin ETFs See $560 Million Inflows While Ether ETFs Face $45.51 Million Outflows

Contrasting ETF fortunes, bitcoin ETFs experienced a weekly inflow of $560 million, while ether ETFs saw outflows of $45 million. Growing Investor Preference for Bitcoin ETFs Reflected in Reduced Capital Inflows for Ether ETFs Bitcoin and ether exchange-traded funds (ETFs) experienced mixed fortunes in the last trading week of Jan. 2025.

Positive
cover-imageBeInCrypto
February 3, 2025

What is Avalon? AVL and the Leading Bitcoin-Backed Stablecoin Ecosystem

Fiat-backed stablecoins like USDT and USDC dominate the market, but Avalon is pioneering the next possible evolution—Bitcoin-backed stablecoins. USDa, Avalon's flagship stablecoin, is fully collateralized by Bitcoin, providing a decentralized, bank-independent alternative with deep liquidity and institutional-grade stability.

Negative
cover-imageCoinPedia
February 3, 2025

Bitcoin Price Crash: How Low BTC Price Can Drop?

Amid the fears caused by Donald Trump, the President of the United States of America affecting tariffs on major trading partners, including China, Canada, and Mexico, wiped $2.26 billion from the crypto market. Following this, the Bitcoin price plunged below $95,000 over the past 24 hours after declining nearly 6% in seven days.

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