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news-imageJanuary 7, 2025

Bitcoin Dumps To $97,000, Ethereum, XRP, Dogecoin Follow It Down: Analyst Says This Level Has To Hold To Avoid 'Dip To $92,000'

Cryptocurrency markets are sliding on Tuesday as producer price pressures weigh on the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,073.3 -4.7% Ethereum (CRYPTO: ETH) $3,431.99 -6.9% Solana (CRYPTO: SOL) $205.16 -6.4% XRP (CRYPTO: XRP) $2.30 -5.5% Dogecoin (CRYPTO: DOGE) $0.3562 -8.7% Shiba Inu (CRYPTO: SHIB) $0.00002217 -8.4% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%.
Publisher: Benzinga
Sentiment: Negative
BTC
DOGE

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Bitcoin Is Suffering From A Shift In Macro Expectations, Analyst Says: Here's What That Means

Economist and prominent macro trader Alex Krüger shared his outlook on Bitcoin's (CRYPTO: BTC) trajectory and market dynamics for 2025, emphasizing the potential for short-term trading opportunities as macroeconomic conditions evolve. What Happened: In several posts on X, Krüger highlighted a key shift in market expectations over the past weeks: Three months ago, markets were pricing in seven 25-basis-point rate cuts by the end of 2025.

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Positive
cover-imageBenzinga
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Negative
cover-imageBenzinga
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Peter Schiff Doesn't 'Hate Bitcoin' But Warns 'Millions' Will Lose More Than They Can Afford In 'Speculative Mania'

Economist and market commentator Peter Schiff has issued a stark warning about the current speculative frenzy surrounding Bitcoin (CRYPTO: BTC), asserting that millions of investors will lose sums far greater than they can afford. What Happened: Schiff sought to highlight his concern about the misallocation of capital, and how the speculative mania around cryptocurrencies will damage the image of sound money principles.

Negative
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Peter Schiff Predicts MSTR, Bitcoin Crash Ahead: Details

Peter Schiff, a financial commentator and well-known Bitcoin (BTC) critic, has stirred the broader cryptocurrency space with another bold statement on X. In a post, Schiff criticized the current investment strategy by market participants betting on the U.S. government investing in a Bitcoin Reserve.

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