PANews February 7 News, according to CNBC, the selling pressure in the crypto market this week mainly comes from the sell-off of Bitcoin spot ETFs, a sharp decline in prices triggering a wave of forced liquidations, and the spillover effect from the sell-off of soft tech stocks, further intensifying market volatility. However, some investors have entered the market to absorb the sell-off, causing prices to rebound quickly in a short period. Currently, most market participants remain cautious about whether the market is close to the bottom. Crypto research firm 10X Research pointed out that Bitcoin may experience a brief countertrend rebound or consolidation next, but it could potentially hit new lows again this summer. The firm’s research director Markus Thielen estimates that Bitcoin could possibly drop to as low as $50,000, or even fall within the $40,000 to $50,000 range.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Peter Brandt: Bitcoin không hình thành mô hình “cốc và tay cầm” để lên 500.000 USD
Peter Brandt, a legendary market analyst, criticizes the popular belief that Bitcoin could reach $500,000, asserting its current chart does not follow the "cup and handle" pattern. He warns that expectations based on this model lack foundation and urges better understanding of technical analysis.
TapChiBitcoinJust Now
Bitcoin vs Gold: ETF Flows Signal Early Capital Rotation
Bitcoin ETF flows have shifted into positive territory over the last 30 days, even as gold ETF demand shows signs of fatigue after a prolonged rally. In the latest data pulse, bitcoin-focused funds logged a net inflow of $273 million on March 6 after a $1.9 billion outflow in February, while GLD—the
CryptoBreaking29m ago
Crypto Market Review: Shiba Inu (SHIB) Resurrects With 8% Spike, Major XRP Trend Test Inbound, Bitcoin (BTC) Crosses $70,000 for Good - U.Today
Shiba Inu pushing through
XRP back in the game
XRP switches to bull mode
Bitcoin pushing through
While the broader market structure remains cautious, the sudden spike demonstrates that buyers are still willing to step in aggressively when prices fall too far.
Shiba Inu has posted a sharp
UToday1h ago
Quantum Computing Isn't Just Coming for Bitcoin—It Threatens Messaging Apps Too
In brief
IBM researchers are working with Signal and Threema to design messaging systems resistant to quantum attacks.
Cryptographer Ethan Heilman says messaging could face a greater near-term quantum risk than Bitcoin.
Advances in quantum computing are pushing developers to prepare for p
Decrypt1h ago
