Bitcoin just broke below $85,000 for the first time since March
Source Cryptopolitan
- Bitcoin just broke below $85,000 for the first time since March, after a straight-line 45-day collapse triggered by forced liquidations and tariff-driven macro shocks. Next support is unclear, with some traders eyeing the $77K–$80K zone.
- Equities just had their worst session since June, with the S&P 500 losing $2 trillion in value in under six hours. Nvidia led the reversal, swinging from +6% to -3% after record earnings, but it wasn’t alone. Tech and AI names were clubbed.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin Plunges Below $100,000: Market Panic Intensifies as Analysts Warn of Bear Market AheadBitcoin's price has plummeted beneath the $100,000 mark, reflecting increased caution in the market toward risk assets. With large investment funds and corporate treasuries pulling back, signs of a bear market are becoming apparent, leading analysts to note a significant decline in market sentiment. Concurrently, demand for protective options in the derivatives market has surged, indicating heightened investor fears about future price movements. Despite Bitcoin maintaining some gains since the beginning of the year, recent trends raise concerns, necessitating close attention to upcoming critical support levels.
Bitcoin's price has plummeted beneath the $100,000 mark, reflecting increased caution in the market toward risk assets. With large investment funds and corporate treasuries pulling back, signs of a bear market are becoming apparent, leading analysts to note a significant decline in market sentiment. Concurrently, demand for protective options in the derivatives market has surged, indicating heightened investor fears about future price movements. Despite Bitcoin maintaining some gains since the beginning of the year, recent trends raise concerns, necessitating close attention to upcoming critical support levels.
Bitcoin Breaks Below $92,000 as Traders Debate Whether 4-Year Cycle Pattern Is Driving Sell-OffBitcoin (BTC-USD) extended its losses on Monday, slipping below the $92,000 mark and pushing its decline from October’s all-time high to more than 26%. The ongoing downturn has reignited a key debate among traders: Is this a short-term correction, or the start of a prolonged bear market driven by Bitcoin’s historical four-year cycle?
Bitcoin (BTC-USD) extended its losses on Monday, slipping below the $92,000 mark and pushing its decline from October’s all-time high to more than 26%. The ongoing downturn has reignited a key debate among traders: Is this a short-term correction, or the start of a prolonged bear market driven by Bitcoin’s historical four-year cycle?
Nvidia's impressive earnings, fueled by robust AI chip demand, lifted Asian stocks and boosted the U.S. dollar as investors anticipate delayed jobs data impacting Federal Reserve policy decisions.
Asian Markets Plummet as U.S. Jobs Data Raises Rate Cut Concerns Despite Strong Nvidia EarningsAsian stock markets faced sharp declines following ambiguous U.S. jobs data, fueling uncertainty over interest rate cuts. Investors offloaded riskier assets, overshadowing Nvidia's positive earnings as focus shifts to the Fed's next steps.
Asian stock markets faced sharp declines following ambiguous U.S. jobs data, fueling uncertainty over interest rate cuts. Investors offloaded riskier assets, overshadowing Nvidia's positive earnings as focus shifts to the Fed's next steps.
Nvidia’s third-quarter earnings provided a temporary boost to the struggling AI-driven stock rally on Thursday—though the optimism proved short-lived as fears of an AI bubble quickly resurfaced.
