Bitcoin price has nosedived and entered a technical correction a few days after it surged to a record high.

Explore key Bitcoin metrics like the Puell Multiple and MVRV Z-Score to understand this cycle's progress, anticipate price peaks, and prepare for Bitcoin's potential path toward $200K.

Bitcoin is currently down by more than six percent and is trading slightly above the $95k levels at the time of writing. The next major support is around $91,000 to $92,000. The Federal Reserve recently cut interest rates by 0.25% (25 basis points), which was expected and already priced in by the market.

TL;DR Bitcoin ETFs experienced their largest single-day outflows of the year, with investors withdrawing $671.9 million, coinciding with Bitcoin's price falling below $100,000. Over $1 billion in liquidations occurred within 24 hours, with the bulk from long positions, as Bitcoin's price dropped to $94,073, reflecting an 8.43% decline.

For the first time in many weeks, trading on Friday, December 20, raised the question of whether Bitcoin (BTC) will continue soaring like Led Zeppelin or if it will fall like a ‘lead zeppelin.'

After multiple delayed reviews, the United States Securities and Exchange Commission (SEC) has finally given its regulatory greenlight the first spot exchange-traded funds tracking both Bitcoin and Ethereum.

US spot Bitcoin exchange-traded funds (ETFs) saw their largest-ever single-day outflow on Thursday amid a devastating crypto market bloodbath, with Bitcoin and other major digital coins shedding a chunk of their recent gains as the market continues a correction that began on Wednesday following the FOMC meeting.

Bitcoin (BTC) tumbled from a high of $108,135 on December 17 to $99,500, following US Federal Reserve (Fed) Chair Jerome Powell's hawkish remarks yesterday. However, some crypto analysts are pinning their hopes on a potential decline in Bitcoin Dominance (BTC.D) that may pave the way for an altseason.

“Investors are likely to start taking profits due to the uncertainty caused by the Fed's policy," an analyst predicted.

Cathie Wood predicts a surge in M&A activity under Trump's administration, driven by deregulation and reduced FTC barriers.

The crypto market continues to face a sharp downturn, shedding around 10% in the past 24 hours after the Federal Reserve's latest policy update. Bitcoin's price plunged nearly 10%, hitting a low of $93,000.

The start of the week displayed the possibility of a pre-Christmas rally but as the trade proceeded, the bears gained huge strength. The Bitcoin price, which had broken above the bullish pattern, has plunged and reached lower support.

Bitcoin Plunges to $93K, Dogecoin Down 27% as Crypto Bloodbath Goes On

Bitcoin has continued its downward spiral as prices crashed to $93,000 early Friday. At one point, it even dipped to $92,808.07, a brutal 9% fall within 24 hours, per CoinGecko data.

Bitcoin (BTC) plunged over 9% on Friday to a 24-hour low of $92,118 at 6:30 a.m. Eastern Time. Bitcoin's Sharp Decline Leads $1.4 Billion in Derivatives Liquidations This crash marks one of the most dramatic dips for the cryptocurrency this month. The wider crypto scene didn't fare much better, shrinking by 11.

A closely followed crypto analyst says that Bitcoin (BTC) remains in a bullish trend and could explode by more than 400% despite dipping below $100,000 this week.

Bitcoin (CRYPTO: BTC) on Friday plummeted approximately 10% to a preliminary low of $92,250, influenced by the Federal Reserve's recent “hawkish” 0.25% rate cut and a combination of profit-taking and technical market forces, according to industry experts. Ethereum (CRYPTO: ETH) has followed Bitcoin down, falling 16% to $3,115.

“This is a game-changer for me,” said Tagoa'i. “By taking part of my NIL earnings in Bitcoin, I'm setting myself up for long-term financial growth.

Blackrock's recently posted video explaining the basics of bitcoin to investors has raised questions about the staying power of the so-called hard cap issuance limit. In the video, Blackrock explains that there is “no guarantee” that the 21 million supply cap will not be changed, opening a debate on the ossification of the top cryptocurrency.

TL;DR Social media mentions of “buying the dip” have surged to an eight-month high as Bitcoin's price fell below $100,000, triggering widespread discussions among investors. Bitcoin's price dropped to $95,500, prompting a surge in social media activity, with the social dominance score hitting its highest level since April.

Bitcoin's drop of around 10% in the last 24 hours was dwarfed by ethereum and smaller, top ten cryptocurrencies that crashed back by between 15% and 25%

Bitcoin fell sharply on Friday amid broader caution in risk assets.

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El Salvador has ramped up its Bitcoin buying a day after agreeing to an International Monetary Fund deal that required scaling back its government-led crypto activities. On Dec.

The funds will hold bitcoin and ether on a market cap-weighted basis. Other cryptocurrencies could be added pending regulatory approval.

A sea of red has continued in the cryptocurrency industry, with Bitcoin tumbling to $95,000, a few days after it hit a record high. This crash happened after the Federal Reserve delivered a highly hawkish interest rate decision.

Bitcoin is down and has failed to find crucial support over the last three days. Crashing under $100,000, BTC price is heading for a potential drop to $90K. But is it the best buying opportunity for a bullish year ahead?

Australian computer scientist Craig Wright, who has falsely claimed to be bitcoin's pseudonymous creator Satoshi Nakamoto, has been sentenced to one year in prison, suspended for two years, by the UK High Court. The sentence followed his breach of an anti-suit injunction that prohibited him from pursuing legal actions against bitcoin developers.

As 2025 approaches, Bitcoin (CRYPTO: BTC) finds itself navigating a shifting macroeconomic landscape, with fading tailwinds raising concerns about sustained momentum, according to a report. What Happened: The Federal Reserve's hawkish stance, coupled with broader macroeconomic headwinds, suggests a year of heightened caution for traders and investors, 10x Research report on Friday stated.

TL;DR The crypto market has experienced a severe downturn, with Bitcoin falling below $95,000, triggering widespread liquidations and significant losses across the market. Major altcoins like Ethereum, Solana, and Dogecoin have also suffered massive losses, with the broader market seeing over $1.75 billion in liquidations.

The recent price action in the cryptocurrency market – both the November and the early December rally and the latest downturn – caused some anxiety among investors about whether it is too late to enter a Bitcoin (BTC) position.

There has been a major change in the cryptocurrency world as Bitcoin ETFs have had their biggest net outflow since they were created, with a total of $671.9 million. This sudden move breaks the pattern of steady inflows and adds a significant detail to the story of how institutions are engaging with digital assets.

Metaplanet Inc. has declared that it issued its 5th Series of Ordinary Bonds via private placement with EVO FUND for ¥5 billion to buy more Bitcoin.

Bitcoin developer Adam Back clarified that this legal fine print in the video reflects BlackRock's lack of control over Bitcoin's decentralized protocol.

El Salvador secures a $1.4 billion IMF deal while maintaining Bitcoin as legal tender but making its acceptance voluntary for private businesses and planning to accelerate its cryptocurrency purchases.

Hut 8 Corp. bought 990 Bitcoin for $100 million, making its total Bitcoin holdings worth over $1 billion. Even though it's facing a lawsuit from J Capital Research, which claims the company overstated its Bitcoin deals, Hut 8 believes its Bitcoin strategy will help the company grow and bring good returns to its investors.

Bitcoin reached a new all-time high (ATH) earlier this week, briefly surpassing $108,000. However, the crypto king has since faced a pullback, dropping below $96,000.

Formula 1 reports 1.5 billion TV audience, 750 million fans, and 96 million social media followers. The firm's user base has exceeded 100 million globally since its 2021 Formula 1 partnership.

Bitcoin [BTC], the world's largest cryptocurrency, is making headlines once again as analysts point to historical trends suggesting a possible climb to an astonishing $220,000. Following its recent stability above the $100,000 mark, many believe Bitcoin could be on the brink of another major bull run.

Bitcoin is at the biggest discount to its record high since the U.S. election.

The total amount of Bitcoin readily available for sale has reached its lowest level since October 2020, according to CryptoQuant. The post Bitcoin Market Experiencing Supply Shock: CryptoQuant appeared first on Cryptonews.

Thus far this week, the crypto market has tasted two extreme sides of price movement, with Bitcoin soaring to an all-time high (ATH) above $108,000 while dropping as low as $95,587.68. The week also saw a massive accumulation streak from top pro-Bitcoin firms.

Since Donald Trump's election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark, This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around $85,000 or even $75,000 before resuming its upward trajectory.

Robert Kiyosaki, entrepreneur, Bitcoin investor, and the author of the popular wealth management book “Rich Dad Poor Dad” has addressed the crypto community as Bitcoin collapsed first below the $100,000 level and by now it has gone under $95,000.

Bitcoin has sent the community in shock by nose diving 11.25% in the past 3 days. It lost almost $12,000 from its value and is currently trading at $94,715 and the crypto market faced a $1.10 billion liquidation. This is a great time for bears while long traders are paying hefty prices.

The SEC approved two new crypto index ETFs, Hashdex's Nasdaq Crypto Index U.S. ETF and Franklin Templeton's Franklin Crypto Index ETF.

The Bitcoin ($BTC) price is continuing to decline at a rate of knots. Down a combined 8% for Wednesday and Thursday, the price is still falling on Friday, currently at around $95,000.

The US Bitcoin Exchange Traded Funds (ETFs) hit their largest net outflow of $671.9 million. Fidelity's FBTC led the charge with a record $208.5 million outflow, while BlackRock's IBIT stood steady with a $0 net flow.