Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
BitcoinSistemi 2025-01-08 11:00:08

Is Bitcoin's Latest Drop Actually a Harbinger of a Rally? Analysts Explain!

Is Bitcoin's Latest Drop Actually a Harbinger of a Rally? Analysts Explain!

As Donald Trump's inauguration day approaches, Bitcoin and altcoins were expected to rise further, but the situation did not turn out as expected. BTC and altcoins have seen sharp declines amid growing macroeconomic concerns. Bitcoin has fallen from over $102,000 to around $96,000, while Dogecoin (DOGE) led the top 10 cryptocurrencies in losses over the past 24 hours. Solana (SOL) fell 9.4%; Ethereum (ETH) fell 8.5%; XRP fell 5.7%, while DOGE fell 11.9%. Bitcoin's Drop Is Temporary! Analysts noted that the recent downward trend in Bitcoin and cryptocurrencies is due to the decline in the US market and the strengthening of the US dollar. At this point, zkLink CEO Vince Yang stated that the decline is temporary and the bull will continue. “Markets were hit yesterday with Bitcoin and Ethereum falling sharply, mainly because of stronger-than-expected US jobs data that dampened hopes for further rate cuts this year. These types of declines have been seen before, so this is nothing unusual for crypto. However, we are still bullish on the upside. History shows that these declines usually pave the way for larger upward movements. “Particularly where we are in the market cycle right now and the arrival of a more crypto-friendly administration in the US are just a few signs that the bull run is here to stay.” January Could Be a Shaky Month for Bitcoin and Altcoins! Apart from Yang, QCP Capital analysts said that January will be a shaky period for Bitcoin and cryptocurrency markets, noting that declines may continue. “January will not be easy, as structural risks loom. The reinstatement of the U.S. Treasury debt ceiling is set to re-impose in mid-month, requiring the Treasury to take “extraordinary measures” to finance government spending. This could lead to volatility in the cryptocurrency market as debate around the issue intensifies,” QCP analysts wrote. *This is not investment advice. Continue Reading: Is Bitcoin's Latest Drop Actually a Harbinger of a Rally? Analysts Explain!

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.82%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.