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Bitcoin's price dropped 4% to $97,911 following the US JOLTS data, which indicated a surge in job creation. This decline was attributed to large-volume traders engaging in "spoofing," leading to the disappearance of price support. Analysts warn that if Bitcoin fails to maintain support at the 50-day SMA, it could test lows around $92,000.
Raoul Pal predicts a strong rally in the crypto market as 2024 approaches, particularly for Bitcoin, driven by historical trends and potential liquidity changes. He anticipates a significant surge around the Fed's March meeting, although a temporary correction may occur at year-end due to tightening liquidity. Currently, Bitcoin is priced at $94,367, having dropped over 11% in the past week.
Mark Yusko claims Donald Trump and his son Eric are investing heavily in cryptocurrencies like Bitcoin, XRP, and Hedera, potentially influencing U.S. crypto policies and ETF approvals. Speculation arises about classifying XRP and HBAR as national assets, while Charles Hoskinson refutes these claims, asserting Bitcoin is the only contender for a national reserve. Yusko remains optimistic about a shift in U.S. leadership towards a more crypto-friendly environment, reflecting global trends in innovation and competitiveness.
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bitcoin price drops 4 percent amid job market data and trader warnings
17:25 07.01.2025
Raoul Pal predicts strong crypto rally into year-end with potential corrections
11:15 24.12.2024
Trump and son invest in cryptocurrencies amid speculation of ETF approval
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