Bitcoin News Today: Bitcoin Drops 30%: Market Correction or On the Brink of a Crash?
- Bitcoin fell 30% from October's peak to $86,000, driven by regulatory uncertainty, macroeconomic risks, and institutional caution. - The U.S. government's Bitcoin for America Act proposal adds volatility by enabling BTC payments for federal obligations. - ETF outflows, whale liquidations, and bearish options signal market distress, though industry leaders call the correction "healthy." - A potential "death cross" and oversold conditions suggest further declines to $30,000 remain possible amid Fed policy
Bitcoin has tumbled close to 30% from its high in October, fueling concerns of further declines as the market faces regulatory trials, economic ambiguity, and increased caution from major players. The cryptocurrency is now trading under $86,000, marking its lowest point in seven months—
The U.S. government’s cautious steps toward
At the same time, economic challenges have grown more severe. The Federal Reserve’s postponement of rate cuts and worries about a potential AI-fueled economic bubble have unsettled investors.
Institutional investment has also shifted negative.
Large holders have intensified the sell-off.
Even with the recent upheaval, industry figures maintain a guarded sense of optimism.
Looking forward, Bitcoin’s direction is still unclear. Should the Federal Reserve postpone rate reductions and economic stability return, ETF inflows might pick up again. However, with technical signals hinting at a possible “death cross” and TD Sequential indicators flashing sell,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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