Bitcoin faces turbulence: 5 facts you need to know this week!
The Bitcoin market started the last week of January with challenges. Below, five essential points to understand what is happening with
$BTC :
1. Price reversal and stock market decline
BTC/USD suffered a drop of up to 4% on January 27, following the negative movement of US stock futures. This pullback took Bitcoin back below the $100,000 level, taking the price to 10-day lows.
2. Federal Reserve decision on the radar
The Federal Reserve (Fed) is about to decide the direction of interest rates in the US. Although significant rate cuts are unlikely, any decision could directly impact risk markets, including cryptocurrency.
3. The rise of DeepSeek and its impacts
Chinese artificial intelligence startup DeepSeek surprised the market, competing directly with ChatGPT. This movement has caused instability in the stock market, with drops of up to 2% on the Nasdaq, and has put investors on alert.
4. Bitcoin derivatives show caution
The BTC derivatives market has been showing signs of caution for weeks. On Binance, an increase in the price difference between derivatives and the spot market was recorded, indicating uncertainty about the future direction of the Bitcoin price.
5. Short-term holders on alert
With BTC below $100,000, support levels such as $96,000 and $90,000 are gaining prominence. These values represent critical zones for short-term holders, who may face unrealized losses if the price falls further.
Source:
CointelegraphWhat is the future of Bitcoin?
The market is more unpredictable than ever. Will BTC recover the $100,000 level soon or will we still face more turbulence? Share your opinion in the comments!
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