A company that is changing the way the world mines bitcoin

CryptoIntelligence 2025-01-28 11:48:00

Bitcoin Price Drops Below $100,000 as Markets React to Trump Administration’s Crypto Silence

Bitcoin’s price witnessed a sharp 7.13% drop between January 26 and the early hours of January 27, marking the first time the flagship cryptocurrency dipped below $100,000 since Donald Trump was inaugurated as the 47th U.S. president. Despite the plunge, Bitcoin has managed to hover near the $100,000 mark, leaving the market divided over the asset’s next move. Bitcoin’s Price Struggles Amid Uncertainty The decline comes amid a period of mixed market sentiment. While some analysts view the recent price drop as a signal of a market top, others believe Bitcoin is poised for another bullish leg. Adding to the uncertainty, President Donald Trump’s silence on crypto-related policies during his inauguration speech left the Bitcoin community on edge. Trump’s previous actions and statements have often been linked to significant movements in the crypto market, with many viewing his administration as generally supportive of blockchain innovation. Market Analysis: Limited Panic Selling Despite the price dip, short-term holders appeared to stay calm, with minimal panic selling. Bitcoin researcher Axel Adler Jr. highlighted that short-term holder profit losses to exchanges remained under 2,000 BTC during the sell-off. “The recent shake-off did not indicate any ‘major panic selling in the market,’” Adler noted in an X post. This trend contrasts with previous instances of Bitcoin price drops exceeding 5%, during which over 5,000 BTC were typically moved at a loss on exchanges. Meanwhile, Joao Wedson, founder of Alphractal, observed that buying pressure returned swiftly after Bitcoin dropped below $100,000. However, the sharp price movement caused significant long liquidations. According to data analytics platform Glassnode, over $68 million worth of long positions were liquidated in 24 hours. Glassnode added: “The 24-hour SMA of Bitcoin long liquidations reached $2.9 million, marking the third-largest long liquidation event in the last three months.” Trump’s Impact on Crypto Markets Donald Trump’s previous presidency played a pivotal role in influencing the cryptocurrency market. His administration’s embrace of blockchain innovation, combined with his vocal support for deregulation, often boosted investor confidence in crypto assets. In 2023, for instance, Trump issued an executive order creating a regulatory framework for blockchain technology, which was widely seen as a step toward legitimizing the crypto industry. These moves contributed to a surge in Bitcoin prices, with the asset breaking multiple all-time highs. However, Trump’s latest tight-lipped approach to crypto policy has created uncertainty. Many investors had hoped for explicit statements or executive orders addressing the future of digital assets under his administration. Will Bitcoin See a Reversal? One notable trend observed in recent months is Bitcoin’s tendency for volatile price action on Mondays, which often sets the tone for the rest of the week. Over the past eight weeks, Bitcoin has consistently established its weekly high or low on a Monday before reversing in the opposite direction. Low-liquidity sessions often result in sharp price movements, which are later corrected once U.S. markets open. Analysts warn that while this pattern suggests the potential for a price recovery, compounded losses could also occur later in the week.

Meist gelesene Nachrichten

America’s new leadership could lead BTC, ETH,...
2025-01-30
'Deadrop' Game Studio Shutting Down Following...
2025-01-30
Avalanche's (AVAX) Trading Costs Dropped by 7...
2025-01-30
SHIB whales exit meme positions, new altcoin...
2025-01-30
Kraken restores staking services in US after...
2025-01-30
Czech National Bank Considers Bitcoin Reserve...
2025-01-30
Sam Bankman-Fried’s parents want Trump to par...
2025-01-30
ADA investors focus on AI token at $0.04 as a...
2025-01-30

Ähnliche Neuigkeiten

Ethereum's Return To $2,500 Imminent As DOGE Loses...
30 Jan 2025
Giant Memecoin Developers May Have Started Reselli...
30 Jan 2025
Crypto Analyst Says Solana Rival Biding Time Befor...
30 Jan 2025
Norges Bank Investment Management Makes Bold Moves...
30 Jan 2025
Vitalik Raises Concerns Among Investors with Anoth...
30 Jan 2025
Vitalik Worries Investors With Another Strange Pre...
30 Jan 2025

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen