empty
28.01.2025 01:19 PM
Why the Cryptocurrency Market Recovered So Quickly

Despite yesterday's significant panic sell-off in the cryptocurrency market, traders regrouped and managed to recover most of the losses, bringing Bitcoin back up from $98,000 to $104,000. This demonstrates sustained demand from institutional investors, which is also supported by data.

While such large-scale panic sell-offs typically undermine market confidence, the fact that it was primarily related to the fintech sector makes the cryptocurrency market's recovery both justified and expected. This resilience underscores the adaptability of traders.

This image is no longer relevant

Statistics showed that trading volumes surged during the price recovery, reflecting high interest from buyers. Although Bitcoin briefly declined below $98,000, its steady rebound to $103,000 highlights strong buying interest, even at these levels.

For instance, MicroStrategy recently purchased 10,107 BTC for $1.1 billion at an average price of $105,596 per Bitcoin. The company now holds 471,007 BTC, acquired for approximately $30.4 billion at an average price of $64,511 per Bitcoin. MicroStrategy is one of the most prominent companies actively investing in Bitcoin. Their strategy involves not only accumulating cryptocurrency as a financial asset but also leveraging it to strengthen the company's market position. These investments have increased the company's valuation and attracted attention from investors interested in innovative asset management strategies. Such moves are setting a trend for other companies to consider adding cryptocurrencies to their balance sheets. However, the risks associated with Bitcoin's volatility remain significant, and companies must carefully weigh the pros and cons before making such decisions.

Trump also made waves. Data from Arkham revealed that the Trump-affiliated project, World Liberty Financial (#WLFI), purchased $10 million worth of Ethereum yesterday. The project has been actively accumulating ETH recently, particularly as prices declined toward the $3,000 mark. This $10 million purchase indicates that the team views the current market conditions as favorable for large-scale investments. The drop in Ethereum's price around $3,000 has opened the door for significant investments, with increased buying activity from institutional players. This highlights growing interest from institutions that see potential in Ethereum's recovery.

The market also found support in statements made by Senator Cynthia Lummis, who introduced a bill in Congress advocating for the establishment of a U.S. cryptocurrency reserve. She encouraged citizens to buy and hold BTC as a retirement and future savings asset. Lummis emphasized the importance of diversifying retirement portfolios and the potential benefits of investing in Bitcoin. According to her, a U.S. cryptocurrency reserve could not only stabilize the financial system but also provide citizens with a reliable savings tool."Bitcoin is not just a stock or a security—it is an asset capable of preserving and growing your wealth over decades," Lummis stated.

The proposed bill envisions the creation of a special fund that maintains returns comparable to traditional investment instruments. This could attract new investors confident in the sustainability and safety of cryptocurrency. Lummis also called for greater support for financial innovation, arguing that it would help the U.S. maintain its global leadership.

This image is no longer relevant

Bitcoin buyers are currently targeting a return to the $103,000 level, which would pave the way to $104,400 and eventually $105,900. The ultimate target is $107,400, surpassing which would signal a return to a medium-term bull market.In the event of a correction, buyers are expected to step in around $101,250. A break below this level could push BTC down to $99,500, followed by $97,900. The furthest downside target would be $96,400.

This image is no longer relevant

A clear breakout above $3,220 opens the path to $3,264, with $3,314 within reach. The ultimate target is the yearly high of $3,373, surpassing which would signal a return to a medium-term bull market.In the event of a correction, buyers are expected to step in around $3,161. A break below this level could push ETH down to $3,106, followed by $3,056. The furthest downside target would be $2,997.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Cadangan Dagangan untuk Pasaran Kriptowang pada 21 Februari

Permintaan untuk Bitcoin dan Ethereum kekal stabil semasa sesi dagangan semalam. Walaupun terdapat jualan besar pada permulaan sesi A.S., Bitcoin dan Ethereum dengan cepat melonjak semula. Semasa sesi dagangan Asia

Miroslaw Bawulski 10:13 2025-02-21 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Mata wang Kripto Doge, Jumaat 21 Februari 2025.

Selepas berjaya menembusi garisan aliran menurun (merah) dan membentuk corak 123 Menaik yang disusuli oleh Ross Hook (RH), Doge mengalami pembetulan dan membentuk corak Descending Broadening Wedge serta menunjukkan Penumpuan

Arief Makmur 09:46 2025-02-21 UTC+2

Analisis Teknikal Pergerakan Harga Harian Matawang Kripto Ripple, Jumaat, 21 Februari 2025.

Walaupun pada masa ini Ripple masih berada di bawah garis aliran menurun, kemunculan Konvergensi antara pergerakan harga dan penunjuk Pengayun Stochastic (5,3,3) memberikan petunjuk bahawa dalam masa terdekat terdapat potensi

Arief Makmur 09:46 2025-02-21 UTC+2

Bitcoin: Apakah Faktor yang Mendorong Gelombang Minat Baharu terhadap Mata Wang Kripto Utama?

Menjelang akhir tahun 2024, permintaan institusi terhadap Bitcoin mencapai kemuncak baharu. Menurut penganalisis Sam Callahan, bilangan institusi yang memegang pelaburan jangka panjang dalam Bitcoin telah meningkat kepada 1,573. Angka

Ekaterina Kiseleva 18:07 2025-02-20 UTC+2

Cadangan Dagangan untuk Pasaran Mata Wang Kripto pada 20 Februari

Aktiviti pembelian yang ketara telah diperhatikan sepanjang sesi dagangan Asia, menyerupai corak yang berlaku pada hari sebelumnya. Bitcoin melonjak menghampiri paras $97,000, manakala Ethereum berjaya melepasi rintangan kritikal pada $2,750

Miroslaw Bawulski 08:44 2025-02-20 UTC+2

Bitcoin: Aliran Menaik Kekal Stabil

BTC/USD: Kenaikan Bitcoin masih jauh dari selesai. Pelabur harus mengambil kira kedua-dua faktor makroekonomi dan politik yang mempengaruhi pasaran mata wang kripto. Dengan peningkatan permintaan institusi dan pengiktirafan global Bitcoin

Jurij Tolin 23:52 2025-02-19 UTC+2

Analisis BTC/USD - 19 Februari: Ketenangan berterusan di Pasaran Mata wang Kripto

Struktur gelombang 4 jam bagi BTC/USD kelihatan jelas dan baik terdefinisikan. Selepas pembetulan gelombang a-b-c-d-e yang berlarutan dan kompleks, yang terbentuk antara 14 Mac dan 5 Ogos, Bitcoin telah memulakan

Chin Zhao 09:44 2025-02-19 UTC+2

Cadangan Dagangan untuk Pasaran Kriptowang pada 19 Februari

Bitcoin dan Ethereum mengalami penurunan yang ketara semalam, masing-masing kehilangan kira-kira 3.5%. Bitcoin menemui minat beli yang kukuh sekitar tahap $93,000, manakala Ethereum jatuh ke zon sokongan utama $2,600. Walau

Miroslaw Bawulski 08:37 2025-02-19 UTC+2

Cadangan Dagangan untuk Pasaran Matawang Kripto pada 18 Februari

Bitcoin kini berada di bawah tekanan dan telah kembali ke julat $95,000. Ethereum cuba untuk meningkat semalam, dengan aktiviti pembelian yang kukuh; namun begitu, ia gagal untuk bertahan pada paras

Miroslaw Bawulski 08:13 2025-02-18 UTC+2

Bitcoin dan Ethereum Kekal di Bawah Tekanan

Ethereum telah mencuba, tetapi Bitcoin telah memutuskan bahawa ia sudah cukup. Semakin lama Bitcoin (BTC) berada di bawah paras $100,000, semakin besar kemungkinan penurunan ke arah kawasan $90,000, di mana

Jakub Novak 08:13 2025-02-18 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.