BTC

2024 - 5 - 1

Bitcoin Rollercoaster: From All-Time Highs to $57K Lows

Bitcoin - BTC price - Crypto market - Cryptocurrency

Discover the rollercoaster ride of Bitcoin prices from record highs to a dip below $57K. What's causing the turbulence in the cryptocurrency market? Find out!

Bitcoin, the decentralized digital currency, has been on a wild ride lately. With Bitcoin sinking below $58K, the entire crypto market experienced a 9% drop, triggering a wave of concern among investors. The recent 'perfect storm' crash saw Bitcoin's price plummeting under $60,000 in anticipation of the Federal Reserve's interest rate decision. As the US payment-stablecoin bill looms, experts predict a new phase of decline for Bitcoin, with spot bitcoin-ETFs potentially gaining approval.

Despite analysts suggesting the end of a correction phase, Bitcoin's price continued to slide, hitting two-month lows at $57,000. Investors are on edge awaiting the Fed's decision, which has contributed to a 22% fall from the all-time high. Crypto investor sentiment turned neutral as BTC price plummeted, reminiscent of a similar scenario in January 2024 when the price hovered around $42,000.

Bitcoin's nosedive below $57,000 marked a significant low not seen since February. The price drop created the third monthly bearish engulfing pattern, raising concerns about Bitcoin's future trajectory. As BTC teeters on the edge of a breakdown, the cryptocurrency market remains volatile, leaving investors and analysts speculating about the next market moves.

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Image courtesy of "Cointelegraph"

What happens to lost Bitcoin? (Cointelegraph)

Bitcoin (BTC) is a decentralized digital currency that stores its records among a distributed set of nodes that collectively represent a public ledger, also ...

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Image courtesy of "Coindesk"

Bitcoin Sinks Below $58K, Crypto Market Drops 9% in Run-Up to ... (Coindesk)

Bitcoin fell in line with the wider crypto market, with ether and other altcoins also declining. Financial markets have been dogged by risk-off sentiment in the ...

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Image courtesy of "Forbes"

$300 Billion 'Perfect Storm' Bitcoin Price Crash Under $60000 ... (Forbes)

A "perfect storm of negatives" has crashed the bitcoin price ahead of Fed chair Jerome Powell's interest rate decision announcement...

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Image courtesy of "FXStreet"

A new stage of Bitcoin's decline (FXStreet)

The passage of the US payment-stablecoin bill could surpass the approval of spot bitcoin-ETFs, according to Bitwise. The law would allow banks like JPMorgan to ...

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Image courtesy of "Cointelegraph"

Bitcoin price loses $60K support to hit 2-month lows (Cointelegraph)

Bitcoin piles on the losses as crypto market sentiment sags, with BTC price returning to $57000.

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Image courtesy of "U.Today"

Bitcoin (BTC) at End of Correction, Top Analyst Suggests (U.Today)

U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making ...

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Image courtesy of "CryptoPotato"

The Reasons BTC Price Plunged to $57K Today (CryptoPotato)

The following takes a closer look into a few technical indicators that might provide insights as to why BTC crashed toward $57K today.

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Image courtesy of "ReadWrite"

Bitcoin price falls to $57000 as investors brace for Fed decision (ReadWrite)

The price of Bitcoin has fallen 22% below its all-time high amid concerns around an upcoming announcement from the US Federal Reserve.

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Image courtesy of "CryptoPotato"

Crypto Investor Sentiment Turns Neutral as BTC Price Plummets ... (CryptoPotato)

The last time investors harbored a neutral sentiment was on January 28, 2024, when the price of BTC hovered around $42000.

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Image courtesy of "CNBC"

Bitcoin nosedives below $57000 to two-month low ahead of U.S. ... (CNBC)

Bitcoin dropped as low as $56757.93, falling below $57000 for the first time since Feb. 28, according to data from CoinGecko.

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Image courtesy of "CCN.com"

Bitcoin Price Drop Creates Third Monthly Bearish Engulfing ... (CCN.com)

BTC is at risk of breaking down from a parallel channel and invalidating its bullish wave count. Can the Bitcoin price bounce and save this channel, or will the ...

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Image courtesy of "Yahoo Finance"

Crypto washout sends bitcoin below $58000 ahead of Fed decision (Yahoo Finance)

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of ...

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Image courtesy of "Livemint"

Bitcoin falls 5% to $57000 ahead of Fed decision, slumps 16% in ... (Livemint)

April witnessed a substantial drop of almost 16% in the value of the most traded cryptocurrency globally.

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Image courtesy of "FX Empire"

Why is Bitcoin (BTC) price Down today? Long-term Holders' sell-off ... (FX Empire)

Bitcoin (BTC) price tumbled 4% on May 1, sliding below the $58000 mark for the first time in 60 days. On-chain data reveals the major bearish catalysts.

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Image courtesy of "FXStreet"

BTC/USD outlook: Bitcoin increased bearish pressure after a loss of ... (FXStreet)

Bitcoin fell to the lowest since Feb 27 on Wednesday, as fresh acceleration lower extends into third straight day, boosted by fading bets for the start of ...

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Image courtesy of "CryptoPotato"

This Analyst Says You Should Sell Your BTC in May and Go Away (CryptoPotato)

The cumulative returns of selling cryptocurrencies in May have surpassed selling in September or any other time of the year by over 1000%.

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Image courtesy of "Cointelegraph"

Bitcoin down 20%+ from all-time highs โ€” Is BTC price headed to ... (Cointelegraph)

While the current Bitcoin correction remains in line with historical price corrections, BTC is at risk of falling to $50000 after losing the average ETF ...

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Image courtesy of "Coindesk"

Bitcoin Could Drop Further to as Low as $50K, Standard Chartered ... (Coindesk)

The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the bank said in a report.

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Image courtesy of "FXStreet"

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins to pump ... (FXStreet)

Bitcoin (BTC) price slipped below $60000 on Wednesday as markets tried to front-run the Federal Open Market Committee (FOMC) meeting.

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Image courtesy of "Cointelegraph"

Bitcoin traders set $50K price target after BTC falls below key ... (Cointelegraph)

Analysts target $50000 Bitcoin price as CryptoQuant data highlights a sharp decrease in demand for spot and leveraged long BTC positions.

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Image courtesy of "Coingape"

Bitcoin (BTC) Price Slump Hints Major Trouble Ahead for Global ... (Coingape)

Investors track Bitcoin price movements for insights into liquidity dynamics affecting other assets. Recent Fed signals of prolonged high rates have ...

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Image courtesy of "Cointelegraph"

3 signs hint that Bitcoin price is nearing a bottom (Cointelegraph)

The result of May 1's Federal Reserve minutes, Bitcoin miners' robustness and increasing stablecoin demand in China could be signs that BTC has bottomed.

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Image courtesy of "CryptoPotato"

This Time Its Different, BTC Slump Not Caused by Leverage ... (CryptoPotato)

Bitcoin prices have fallen to their lowest levels since late February as the crypto market correction deepens, but analysts are not blaming leveraged ...

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