Bitcoin plunges to $53,000 as analysts warn the worst is not over
Bitcoin could drop to $50,000, but a strong macro environment and a growing “buy the dip” mentality will quickly see its price rebound, analysts say.
JinseFinanceBitcoin could drop to $50,000, but a strong macro environment and a growing “buy the dip” mentality will quickly see its price rebound, analysts say.
JinseFinanceCryptocurrencies may come up at Thursday’s presidential debate; Cowen said Biden may hint at a softer stance on cryptocurrencies.
JinseFinanceCryptocurrency market analysts believe that the decline in altcoins may be related to the recent large outflows from spot Bitcoin ETFs.
JinseFinanceCoinMarketCap registered a record 138 meme coins in April.
JinseFinanceBitcoin’s recent slump could continue for a while, according to Katie Stockton, managing partner at Fairlead Strategies.
JinseFinanceAnalysts say the sideways movement in the Bitcoin dominance chart could be a reversal signal that could kick off the entire altcoin season.
JinseFinanceQCP Capital says “the most important stock on earth” could disappoint as the PC market weakens and artificial intelligence saturates the market, with Wall Street looking for more gains from the GPU giant, pulling cryptocurrencies and stocks lower.
JinseFinanceAnalyst warns that Ethereum will likely continue to underperform Bitcoin (BTC) despite the growing hype
ZoeyChina's efforts to stabilize the yuan have potential downsides for Bitcoin, as the People's Bank of China's interventions may lead to global USD strength, impacting Bitcoin and other risky assets. Analysts suggest that China aims to maintain currency stability, potentially affecting Bitcoin's performance negatively.
Cheng YuanCryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, faced a decline on Tuesday evening as the much-anticipated "Santa rally" failed to materialize, disappointing bullish expectations within the Bitcoin market.
Xu Lin