PANews February 7 News, according to CNBC, the selling pressure in the crypto market this week mainly comes from the sell-off of Bitcoin spot ETFs, a sharp decline in prices triggering a wave of forced liquidations, and the spillover effect from the sell-off of soft tech stocks, further intensifying market volatility. However, some investors have entered the market to absorb the sell-off, causing prices to rebound quickly in a short period. Currently, most market participants remain cautious about whether the market is close to the bottom. Crypto research firm 10X Research pointed out that Bitcoin may experience a brief countertrend rebound or consolidation next, but it could potentially hit new lows again this summer. The firm’s research director Markus Thielen estimates that Bitcoin could possibly drop to as low as $50,000, or even fall within the $40,000 to $50,000 range.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Saylor responds to Schiff: Bitcoin has been the best performer since August 2020—time horizon matters
Peter Schiff said that Bitcoin has risen only 12% over the past five years and has underperformed the Nasdaq, the S&P 500, gold, and silver; Michael Saylor then responded that Bitcoin has been the best mainstream asset since August 2020, emphasizing the importance of the time frame.
GateNews1h ago
Bitcoin Correction Shows Market Maturity Amid Rising Institutional Demand
Bitcoin’s 50% drop shows reduced volatility and signs of market maturity.
ETF inflows and growing participation stabilize prices and improve liquidity.
Even small Bitcoin allocations can enhance returns while balancing risk exposure.
Bitcoin — BTC, has handled the recent correction
CryptoNewsLand1h ago
Robert Kiyosaki recommends Bitcoin, gold as 1974 shift comes full circle
Rich Dad Poor Dad author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks.
In a Saturday post on X, Kiyosaki pointed to 1974 as a
Cointelegraph2h ago
Michael Saylor again publishes Bitcoin Tracker information
Gate News message, April 5, MicroStrategy founder Michael Saylor once again posted a Bitcoin Tracker update. Based on historical data, Strategy disclosed information about increasing its Bitcoin holdings the day after the relevant message was released.
According to CoinGecko data, as of April 5, MicroStrategy holds 528,185 BTC.
GateNews2h ago
