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Bitcoin's price trend will no longer be as influenced by internal mechanisms such as halving, but rather more affected by external factors such as institutional adoption and geopolitical events.
Long-term inflows in spot Bitcoin and Ethereum ETFs have given way to outflows.
Share link:In this post: Michael Saylor might join Trump’s crypto advisory council, saying he’s open to shaping digital asset policy for the new administration. MicroStrategy just bought another 15,350 Bitcoin for $1.5 billion, pushing their total holdings to 439,000 BTC, now worth $45.6 billion. Trump’s administration plans to create a Bitcoin reserve and form a crypto advisory council with leaders from Ripple, Kraken, and Circle.
Share link:In this post: Ripple donated $5 million in XRP to fund President Trump’s inauguration, the largest crypto contribution to the $200 million fund. Coinbase and Kraken each gave $1 million, while MoonPay also donated, marking a record-breaking year for crypto political donations. XRP surged after Ripple’s legal win and Trump’s election win against the SEC and the launch of its stablecoin RLUSD.
Wood anticipates Bitcoin's scarcity and institutional interest will drive dramatic value increase by decade's end.
ETH rallies 10%, driven by $11B in large transactions and bullish market sentiment. Could Ethereum break $4,500, or risk falling to $3,178?
- 20:47BTC falls below $97,000The market shows that BTC fell below $97,000 and is now at $96,934.27, down 4.71% in 24 hours, the market fluctuates a lot, please do a good job of risk control.
- 20:44Analyst: Bitcoin's Potential 'Head and Shoulders' Pattern Suggests Drop to $75,000Since late November 2024, BTC's trend has evolved into a “Head and Shoulders” (H&S) pattern in technical indicators, signaling a change in the bullish trend from bearish to bullish, according to Omkar Godbole, a technical analyst on CoinDesk's Markets team. Analysts said the first shoulder pattern was marked by a failed attempt to break above the $100,000 mark in November. This was followed by a head pattern, which quickly retreated to $92,000 from an all-time high of more than $108,000 hit in the second half of December. At the same time, a 5% drop to nearly $97,000 hinted at the formation of a right shoulder. The bearish head and shoulders reversal pattern will be confirmed if the sell-off continues and the price breaks below the neckline (the horizontal trendline connecting the bottoms of the two shoulders), a break below which could signal a further decline to around $75,000.
- 20:40Analyst: Bitcoin's Potential 'Head and Shoulders' Pattern Suggests Drop to $75,000Since late November 2024, BTC's trend has evolved into a “Head and Shoulders” (H&S) pattern in technical indicators, signaling a change in the bullish trend from bearish to bullish, according to Omkar Godbole, a technical analyst on CoinDesk's Markets team. Analysts said the first shoulder pattern was marked by a failed attempt to break above the $100,000 mark in November. This was followed by a head pattern, which quickly retreated to $92,000 from an all-time high of more than $108,000 hit in the second half of December. At the same time, a 5% drop to nearly $97,000 hinted at the formation of a right shoulder. The bearish head and shoulders reversal pattern will be confirmed if the sell-off continues and the price breaks below the neckline (the horizontal trendline connecting the bottoms of the two shoulders), a break below which could signal a further decline to around $75,000.