BlockBeats News, February 24 — According to CNBC, Bitcoin briefly fell below the $63,000 mark on Tuesday, as investors continue to grapple with escalating tariff tensions and broader geopolitical risks.
Invesco Asia-Pacific Client Investment Solutions Head Christopher Hamilton said, “This drop in Bitcoin doesn’t seem to be a typical crypto market shock, but rather a classic risk sentiment reset.” Hamilton added that this decline is more likely a “tactical risk reduction” rather than a structural exit.
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
Yesterday, the US Bitcoin spot ETF had a net inflow of $246.9 million, and the Ethereum ETF had a net inflow of $12.6 million.
On March 11, Farside Investors reported a net inflow of $246.9 million into the U.S. Bitcoin spot ETF, with BlackRock, Fidelity, and Bitwise as the main contributors. At the same time, the Ethereum spot ETF saw a net inflow of $12.6 million.
GateNews18m ago
BTC and ETH short-term holder SOPR has rebounded since late February, indicating increased market resilience.
Gate News Report, March 11 — A research institution released a report indicating that short-term holders of BTC and ETH have been experiencing a rebound in the spent output profit ratio (SOPR) since late February. SOPR is used to measure whether recent sellers are in profit when selling assets. The rebound of this indicator suggests that spot demand has been strong enough recently to absorb reverse selling pressure, making market positioning more resilient.
GateNews30m ago
ACR Poker and Bitcoin: Understanding Crypto Poker Basics in Online Poker Ecosystems
Summary
Bitcoin was the first cryptocurrency to gain widespread adoption and remains a foundational asset in blockchain-based payments. In online poker, Bitcoin helped establish the earliest models of crypto poker by demonstrating how decentralized payments could function reliably in a
Cryptoknowmics39m ago
Tim Draper: The next decade will focus on promoting the development of the Bitcoin ecosystem, AI, and space technology
American billionaire Tim Draper posted on X, emphasizing that his goal is to promote entrepreneurship and venture capital worldwide. He early invested in over 60 unicorns including Tesla and SpaceX, and in the future, he will focus on space, transportation technology, AI efficiency, and the development of the Bitcoin ecosystem.
GateNews40m ago
