Short-term Bitcoin investors face pain, triggering panic selling worries
The average price of short-term Bitcoin investors sits at $64,860, which could trigger capitulation if another sell-off happens.
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The average price of short-term Bitcoin investors sits at $64,860, which could trigger capitulation if another sell-off happens.
Gino Matos 2 min read
According to market experts, traders expect a "bullish second half of the year" with options placing the price between $90,000 and $100,000.
District Judge Analisa Torres partially granted the motion from remedies filed by the SEC against Ripple.
Despite the significant inflows for the past two days, the ETFs failed to counter the large holders selling pressure.
The former President said the government should not attempt to sell its crypto holdings in response to speculation about the matter.
Following Jump Crypto's sell-off, Metalpha and an unknown whale also offloaded roughly $73 million in Ethereum.
The flagship crypto has fallen more than 8% since the start of the weekend to $58,061 — the lowest price recorded in almost three weeks.
Trump highlighted Bitcoin's vast scale and economic impact, noting that it has "become bigger than many countries."
Van Eck added that under a "Super Bowl" scenario where central banks adopt Bitcoin as a reserve asset, the flagship crypto could skyrocket to $2.9 million