Bitcoin dropped a staggering 10% in the past day, despite Donald Trump’s bullish announcement of a crypto reserve in the US.
Bitcoin has climbed back above $92,000 after dropping to $80,000 in February, with the rally coinciding with Trump’s crypto strategic reserve announcement and potential SEC easing of Coinbase legal action.
Global cryptocurrency exchange-traded products (ETPs) saw $2.9 billion in outflows last week led by Bitcoin, totaling over $3.8 billion across three weeks.
Bitcoin surged 8% on Monday, fueled by Trump’s crypto reserve announcement, with analysts viewing it as a good buying opportunity.
Despite Bitcoin’s recent volatility, institutional confidence remains strong with Standard Chartered projecting a $500K target. Meanwhile, North Korean hackers executed the largest crypto theft in history and the SEC ended its Uniswap investigation.
BlackRock has expanded its crypto exposure by adding its iShares Bitcoin Trust (IBIT) to portfolio strategies that allow alternative investments, allocating 1-2% to Target Allocation models.
Bitcoin and crypto ETFs are in bearish mode with market data showing over $3 billion outflow in 8 days.
Global markets witness a liquidity surge projecting an optimistic second quarter in 2025. Will the liquidity spike drive a similar bullish spree in crypto markets and pump the BTC price once again?
Saylor has a history of encouraging extreme measures for Bitcoin investment, including mortgaging homes and maxing out credit cards.
Bitcoin marks a dip to $78k as the crypto market witnesses a $500B decline this week. Furthermore, the rising outflows in the Bitcoin ETFs and historical trends warn steeper corrections before a potential bounce back.
Kendrick anticipates Bitcoin reaching $200,000 by late 2025, emphasizing that institutional participation from major financial entities like Standard Chartered and BlackRock will be pivotal in that trajectory.
CryptoQuant CEO Ki Young Ju believes a Bitcoin price drop below $77,000 is unlikely, citing on-chain indicators fluctuating at the bull-bear boundary.
BlackRock’s spot Bitcoin ETF fund IBIT has recorded its largest single-day outflow of $418.1 million amid broader crypto market volatility, though it maintains dominance in the US market.
As the altcoin market cap and Bitcoin collapsed in the past few days, a trader is facing liquidations worth $25 million.
Metaplanet Inc. advances its Bitcoin strategy with a 2 billion JPY bond issuance to expand its holdings, demonstrating ongoing commitment despite a 20% drop in share price amid crypto market volatility.