appleandroid
light

Language

  • English
  • Română

Currency

  • $ USD
  • € EUR
news-imageJanuary 7, 2025

Why is Crypto Down Today? Bitcoin Retreats to $96.5K as U.S. Job Openings Rise

The crypto market experienced a sharp decline led by Bitcoin's 5% drop from its $102,000 high, as strong U.S. job data and steady Federal Reserve rate projections dampened hopes for monetary easing, resulting in over $400 million in liquidations across major digital assets.
Publisher: Blockonomi
Sentiment: Negative
BTC

More News Articles

Positive
cover-imageThe Currency Analytics
January 8, 2025

Bitcoin Open Interest Surges 9% as BTC Climbs Back to $102,000: What's Behind the Spike

Bitcoin has made a remarkable recovery, bouncing back to $102,000, but along with its price surge, the cryptocurrency's Open Interest has also seen a sharp increase. This surge in Open Interest, which measures the total number of outstanding derivatives positions related to Bitcoin, signals that market participants are becoming more active, but it also raises concerns about increased volatility in the market.

Neutral
cover-imageCryptoSlate
January 8, 2025

Trump-inspired digital cards debut on Bitcoin via Ordinals

The non-fungible token (NFT) collection backed by President-elect Donald Trump launched its first 160 items, the “Trump Bitcoin Digital Trading Cards,” on Bitcoin (BTC) using the Ordinals protocol. Users who acquired the 100 NFT cards from the “Mugshot Edition” and submitted their Bitcoin wallets are eligible for the claim through NFT marketplace Magic Eden.

Negative
cover-imageBenzinga
January 8, 2025

$92,000 Is Bitcoin's Key Support — Here's What Top Analyst Says Will Happen If It Fails

Pseudonymous cryptocurrency analyst Ali Martinez has cautioned that Bitcoin (CRYPTO: BTC) is vulnerable to a steep decline, citing a lack of substantial support below the $92,000 mark. What Happened: Ali's analysis, shared in a series of tweets on Wednesday, indicates that a failure to hold this level could lead to a rapid price correction down to the $74,000−$78,000.

Negative
cover-imageBenzinga
January 8, 2025

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.

Positive
cover-imageBenzinga
January 8, 2025

XRP ETF 'Very Soon,' Likely Next After Bitcoin And Ethereum, Ripple President Says

Ripple President Monica Long has stated that an XRP spot exchange-traded fund (ETF) is likely to be approved “very soon,” and is expected to be next in line after the recently approved Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs. Long's comments suggest a significant shift in the regulatory landscape, potentially opening up (CRYPTO: XRP) to a broader investor base.

Next Page 1