MarketStorm
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#write2earn Cryptocurrency Market Turmoil: #Bitcoin Plunge Sparks Chain Reaction #MarketAnalysis #BullOrBear #MarketStorm $BTC $ETH $ADA
Bitcoin took a sudden nosedive, its sharpest in over a month, setting off a wave of sell-offs in speculative cryptocurrency investments, causing significant losses in smaller digital currencies like Solana, Cardano, and Polkadot.
Data from Coinglass reveals that approximately $780 million worth of optimistic crypto bets were liquidated within the last day — the largest such plunge in a month. On Friday, the financial landscape was unsettled by heightened geopolitical tensions, prompting investors to seek refuge in safer assets such as bonds and the dollar.
Ether, the second-largest cryptocurrency, plummeted by as much as 12% at one juncture, marking its most substantial intraday decline since November 2022.
This pressure intensified after the Ethereum Foundation disclosed last month that it was under investigation by the US Securities and Exchange Commission.
Chris Newhouse, a DeFi analyst at Cumberland Labs, noted, “As cryptocurrencies collectively align with risky assets, a slight dip in prices rapidly escalated into widespread liquidations.”
Bitcoin's value dropped by as much as 7.5% to $65,214 before recovering slightly. Meanwhile, Solana and Dogecoin saw steeper declines, plummeting by around 12% and 13%, respectively, while Cardano and Polkadot each experienced drops of approximately 15%.
This sudden downturn followed a period of increasing Bitcoin prices, partially fueled by anticipation surrounding Bitcoin halving — an update to the code perceived as a positive market catalyst due to its potential to decrease the digital asset's supply. Despite the setback, Bitcoin has maintained a roughly 60% increase in value this year.
Bitcoin took a sudden nosedive, its sharpest in over a month, setting off a wave of sell-offs in speculative cryptocurrency investments, causing significant losses in smaller digital currencies like Solana, Cardano, and Polkadot.
Data from Coinglass reveals that approximately $780 million worth of optimistic crypto bets were liquidated within the last day — the largest such plunge in a month. On Friday, the financial landscape was unsettled by heightened geopolitical tensions, prompting investors to seek refuge in safer assets such as bonds and the dollar.
Ether, the second-largest cryptocurrency, plummeted by as much as 12% at one juncture, marking its most substantial intraday decline since November 2022.
This pressure intensified after the Ethereum Foundation disclosed last month that it was under investigation by the US Securities and Exchange Commission.
Chris Newhouse, a DeFi analyst at Cumberland Labs, noted, “As cryptocurrencies collectively align with risky assets, a slight dip in prices rapidly escalated into widespread liquidations.”
Bitcoin's value dropped by as much as 7.5% to $65,214 before recovering slightly. Meanwhile, Solana and Dogecoin saw steeper declines, plummeting by around 12% and 13%, respectively, while Cardano and Polkadot each experienced drops of approximately 15%.
This sudden downturn followed a period of increasing Bitcoin prices, partially fueled by anticipation surrounding Bitcoin halving — an update to the code perceived as a positive market catalyst due to its potential to decrease the digital asset's supply. Despite the setback, Bitcoin has maintained a roughly 60% increase in value this year.
Hey Focks Mark my words all the crypto market will get boost after 3 days. so hold your assets #BTC #bitcoin #ETH #bitcoinhalving #MarketStorm
#write2earn Crypto Market Analysis: #Bitcoin Rebounds Above $65,000 Amidst #Geopolitical Tensions #BullorBear #MarketStorm $BTC
Bitcoin is currently trading above $65,000, with ether back up over $3,100 as the market has settled down following Iran's significant drone and missile attack on Israel, which was largely thwarted by air defense systems.
Over the weekend, Bitcoin slipped below $62,000 amidst heightened geopolitical tensions. However, things seem to have calmed down now, with indications that the conflict won't escalate further, particularly as the U.S. has stated it won't participate in an Israeli counter-attack on Iran, as reported by Al-Jazeera.
According to traders on Polymarket, the likelihood of Israeli military action against Iran by April 15 has dropped to just 4%, down from nearly 57% in the immediate aftermath of Iran's missile strike.
During the peak of the tension, PAXG, a digital asset representing gold created by Paxos, was trading at a 20% premium compared to physical gold, as crypto traders sought refuge in the traditional safe-haven asset.
Even before the tension escalated, the digital asset market was facing significant selling pressure due to the U.S. tax season, which coincides with the run-up to the halving.
Arthur Hayes noted in a blog post that the halving coincides with a period of tighter dollar liquidity, potentially exacerbating the sell-off of crypto assets.
Additionally, traders are eagerly awaiting the launch of bitcoin and possibly ether ETFs in Hong Kong this week, which could provide Chinese traders with easier access to digital assets. Matrixport estimates that these ETFs could unlock a demand of up to $25 billion.
Bitcoin is currently trading above $65,000, with ether back up over $3,100 as the market has settled down following Iran's significant drone and missile attack on Israel, which was largely thwarted by air defense systems.
Over the weekend, Bitcoin slipped below $62,000 amidst heightened geopolitical tensions. However, things seem to have calmed down now, with indications that the conflict won't escalate further, particularly as the U.S. has stated it won't participate in an Israeli counter-attack on Iran, as reported by Al-Jazeera.
According to traders on Polymarket, the likelihood of Israeli military action against Iran by April 15 has dropped to just 4%, down from nearly 57% in the immediate aftermath of Iran's missile strike.
During the peak of the tension, PAXG, a digital asset representing gold created by Paxos, was trading at a 20% premium compared to physical gold, as crypto traders sought refuge in the traditional safe-haven asset.
Even before the tension escalated, the digital asset market was facing significant selling pressure due to the U.S. tax season, which coincides with the run-up to the halving.
Arthur Hayes noted in a blog post that the halving coincides with a period of tighter dollar liquidity, potentially exacerbating the sell-off of crypto assets.
Additionally, traders are eagerly awaiting the launch of bitcoin and possibly ether ETFs in Hong Kong this week, which could provide Chinese traders with easier access to digital assets. Matrixport estimates that these ETFs could unlock a demand of up to $25 billion.
nowadays talk and waiting is so hot for #halving but due to current state of current #MarketStorm it looks like #black #Friday jock which shop owners first bring the prices high then at black Friday they bring down to normal pricew but wirh colorful labels and big percentage signs and of course numbers of percentage too, to just hunt the pockets of people.
are you agree with me?
are you agree with me?
what's going on with guys with Bitcoin i was think that when we getting closer to halving the price will go up but see now al the market go down 😱
#bitcoinhalving
#MarketStorm
#bitcoinhalving
#MarketStorm
🌪️📉 Brace yourselves, fellow traders! 🌪️📉
Arthur Hayes, the Bitcoin tycoon, has sounded the alarm – a market storm is brewing on the eve of the halving! 💥 This shocking prediction has sent ripples of concern through the crypto world, challenging the optimistic outlook of many investors.
As Bitcoin's halving approaches, expectations of price hikes usually run high. However, Hayes warns of a looming liquidity crisis, fueled by factors like tax payments and quantitative tightening. This tightening of US dollar liquidity could spell disaster for asset prices and trading strategies, leading to unprecedented volatility in the crypto market. 😱
In response to this ominous forecast, Hayes has taken decisive action – he's pulling out of the cryptocurrency market before May, seeking refuge in Ethena's USDe. This mysterious synthetic dollar protocol boasts an eye-popping 37.1% yield, but questions linger about potential risks, including the collapse of stablecoins like TerraUSD. Hayes' move only adds to the uncertainty surrounding this impending market turmoil. 🤔
But fear not, for in times of uncertainty, Ares is here to guide you through the storm! ⚔️ With a platform offering strategies, insights, and high-quality investment opportunities, Ares stands as a beacon of stability in a sea of volatility. Join us as we navigate the challenges ahead and chart our course to success! 🚀 #MarketStorm #CryptoChaos #AresStrategies
Arthur Hayes, the Bitcoin tycoon, has sounded the alarm – a market storm is brewing on the eve of the halving! 💥 This shocking prediction has sent ripples of concern through the crypto world, challenging the optimistic outlook of many investors.
As Bitcoin's halving approaches, expectations of price hikes usually run high. However, Hayes warns of a looming liquidity crisis, fueled by factors like tax payments and quantitative tightening. This tightening of US dollar liquidity could spell disaster for asset prices and trading strategies, leading to unprecedented volatility in the crypto market. 😱
In response to this ominous forecast, Hayes has taken decisive action – he's pulling out of the cryptocurrency market before May, seeking refuge in Ethena's USDe. This mysterious synthetic dollar protocol boasts an eye-popping 37.1% yield, but questions linger about potential risks, including the collapse of stablecoins like TerraUSD. Hayes' move only adds to the uncertainty surrounding this impending market turmoil. 🤔
But fear not, for in times of uncertainty, Ares is here to guide you through the storm! ⚔️ With a platform offering strategies, insights, and high-quality investment opportunities, Ares stands as a beacon of stability in a sea of volatility. Join us as we navigate the challenges ahead and chart our course to success! 🚀 #MarketStorm #CryptoChaos #AresStrategies
