Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%
Repeating history? Bitcoin's cyclical journey suggests potential rise to $225,000.
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Bitcoin's recent market movements have sparked a mix of optimism and caution among investors. After reaching an all-time high of over $108,000, Bitcoin has experienced a notable pullback, reminiscent of its historical patterns post-halving. Analysts are drawing parallels to the 2020 cycle, where Bitcoin saw a significant rise after a similar retracement, suggesting a potential climb to $225,000 in the future. However, the current market sentiment is weighed down by Jerome Powell's remarks on interest rates and concerns over a possible government shutdown, leading to substantial liquidations across the crypto space. As 21Shares prepares to launch a Polkadot trust in Delaware, the ETF landscape continues to evolve amid these turbulent times. Stay tuned for more insights as we navigate this dynamic market.
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The global crypto market cap is $3.33 trillion, with a 24-hour volume of $360.23 billion. The price of Bitcoin is $97,180.86, and BTC market dominance is 57.6%. The price of Ethereum is $3,375.12, and ETH market dominance is 12.2%. The best-performing sector is Derivatives, which gained 6%. The Crypto Fear & Greed Index is currently Greed (74).
📰 Top News
Bitcoin pullback mirrors 2020 reversal 250 days post-halving, it then rose 140%
Repeating history? Bitcoin's cyclical journey suggests potential rise to $225,000.
Bitcoin loses $100k as markets continue to slide in reaction to Fed’s slower pace for 2025
In addition to Jerome Powell's recent remarks on the US interest rate policy, a potential government shutdown is in play.
21shares registers Polkadot trust in Delaware in preparation for ETF
The filing is a potential DOT-indexed exchange-traded fund, a part of a wave of new ETFs expected by analysts.
Bitcoin and Ethereum take a hit as $1.2 billion in crypto liquidated
Traders across the market saw significant losses in the wake of Fed's latest monetary policy update.
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📈 Latest Insights
US Bitcoin ETFs face largest outflow since launch breaking 15-day streak
Marathon and Hut 8 scoop up $1.6 billion worth of Bitcoin during market dip
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This appears to go along with what the next halving would look like, but now you add BTC ETF's and a potential Bitcoin Reserve by States and Nations and Retirement Funds; then a new chart will have to be invented for seven figure BTC.