Key points Bitcoin fell below $86,000 for the first time in two weeks, hitting a low near $85,170. The price is down approximately 30% from its October all-time high above $126,000. Selling pressure is coming from investors who bought near the all-time high. Analysts said the drop was due to spot and derivatives positioning, not…
Bitcoin fell to around $90,200 Wednesday even though the Federal Reserve cut interest rates by 25 basis points. Traders hoped the cut would offer some support, but the move did little to improve sentiment and Bitcoin continued to lose ground. Fed Treasury Bill Purchase Becomes Key Detail for Traders Swan Bitcoin’s John Haar said the…
Bitcoin and other major cryptocurrencies saw a drop on Friday following the release of the US jobs report. The report highlighted rising inflationary pressures, creating apprehension among investors and posing a potential setback to the cryptocurrency market’s recent recovery efforts. In the last 24 hours, the price of Bitcoin fell 1% to $66,000, a decline…
Bitcoin saw a sharp decline on Friday, briefly falling below $92,000 before recovering to just over $97,000. This followed a record high of over $108,000 on Tuesday, marking a dramatic shift in the market. The price drop was largely due to a statement from Federal Reserve Chairman Jerome Powell, who confirmed that the Federal Reserve…
Bitcoin faced a sharp decline on a turbulent trading day that coincided with the inauguration of Donald Trump as the 47th president of the United States. Late on Monday in New York, Bitcoin was trading around $103,700, down from its previous all-time high of $109,241. Traders are expecting pro-cryptocurrency policies under Trump, buoyed by expectations…
Bitcoin took a hit on Monday, falling 6.5% and falling below $100,000. This is the biggest drop in Bitcoin price since early December. Other cryptocurrencies such as XRP and Solana also suffered significant losses, with XRP falling 9%. This sharp drop followed a larger decline in US technology stocks, particularly futures markets such as Nasdaq…
Bitcoin fell below the $90,000 mark on Tuesday, hitting its lowest level since mid-November as a wave of selling pressure swept through the cryptocurrency market. The drop comes amid growing economic uncertainty, a shift in investor sentiment and a series of industry setbacks that have shaken confidence in digital assets. The world’s largest cryptocurrency fell…
Bitcoin fell below $90,000 today, extending its decline from last month’s all-time high as economic concerns continued to weigh on investor confidence. The cryptocurrency briefly fell below $86,000 before recovering to around $89,000. The slowdown comes amid confirmation that planned tariffs on Mexico and Canada will go ahead, a policy decision that has raised inflation…
