Topic: What is just happened on the Bitcoin Market? - page 2. (Read 572 times)
Today the price of bitcoin has dropped slightly. but the price of altcoins has dropped a lot aka crash. those who buy altcoins are dizzy only bitcoin has dropped slightly. I hope the price stabilizes first so that the price of altcoins does not fall deeper.
Their is always speculation concerning bitcoin, whenever Bitcoin is approaching to good heights of price, the thing is that the price of bitcoin always approach high and low and what's makes the price to increase to such is because of the demands and when the demands is higher than the supply the price rise up unexpectedly, so the price is not stable and it may rise today and tomorrow it may fall that's the nature of cryptocurrency especially bitcoin
Panic in the face of every condition is not necessary, because another bear may not come at a moment like now, and you yourself have also seen that currently there are more frequent increases than prolonged declines in prices. So the bear will not have the potential to come immediately, except for a short correction to make a bigger jump to the top level in the market.
Even this sudden price decline has forced many traders to panic sell and liquidated high leverage positions. So here Bull has filled their bag more. The market momentum was positive for so long that everyone's expectations were increasing and bulls took advantage of this situation as a result of negative news. The sudden dump created a lot of fear in the market which caused many traders to lose their patience, but the market quickly started to recover from the lower price. So I think the bears are not yet strong enough to take control of the market which is why the market is still trying to turn positive.
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
Yeah hard to say. I also googles right after the drop happened but first I didn't really find anything.
Then I saw there have have been some twitter posts of some influential people spreading fear of ETF rejection and so on.
It was all good and then within minutes this 10% drop.
But we all are used to it, that's nothing new to the crypto community.
Whatever pushes or pulls the price is always a mystery for me, as usual.
Wealthy people have many piles of different wealth.
Lets take a imaginary guy with 25 billion in wealth.
He has 40,000 btc which is 1.6 to 1.8 billion dollars.
he knows the ETF is coming next week.
he feels no ETF will dump btc to 30k
so he sells ½ his btc drops price to 40k with that sale.
It is a new year and tax laws vary a lot country to country. He may not need to pay any tax on it until dec 2024.
He is liquid cash of maybe 800 million. He can hold it for next deal.
and if no ETF happens dropping price to 30k he can get more btc not worrying about any tax issue until december.
and remember he kept ½ of his btc so if ETF comes in and btc goes to 75k he has the other 20,000 btc.
also remember we are talking about a guy worth 25 billion he has lots more wealth on the side.
don't worry, it looks like bitcoin will recover to $45K in the near future.
Considering it is nearly at 44k again, you could see that all those FUD people were wrong, as always. I mean this is such a simple thing, and we need to just realize that it's been happening for so many times in a row right now, so it shouldn't really be something that we should care about. I get that we are going to end up with a situation where it snot going to be all that simple, but it's really not that complicated.The price will go up, it is nearing halving, so for the next 1.5 years it will go up, that is just as simple as that, there will be tiny drops like this, but overall it will go up and we just need to realize that is the reality and that's it. I get that we may not end up with something that could change the world, but we just need to accept that as reality.
I am not saying that it is going to be all that easy to handle it, all I am saying is that we are going to end up with something that should matter to us all the time. I get that it is not that easy, and I get that it may feel a bit off, like when you see it at 45k and then 40k, I get the "fear", but that is just volatility. Let the bitcoin world act all up and down, the long term will always be up in the end.
The answer is always there regardless of the effect of immediacy given recent times; "The news of...", obviously the comments about the ETFs, bring flavor, but they are short-lived, where are we after a year, January 2023 the minimum price +$16k.
So, don't worry, just hold or buy is easy, and for more, look at the history.
What you narrated made me suspect that you are lucky to buy Bitcoin at a very low price. But many are not so lucky, which is why they will continue to be scared. By what happened in the past when halving was approaching as we are now, the coin has never behaved the way it behaved where some bullish impacts would be felt for months as if the bull run season had come. This has pushed the price of Bitcoin higher already, so those who bought it at a higher price are now worried. Well, as it is now, you might be calmer than them since you have the advantage, yet they should be calm as well or liquidate their position until they see a reason to buy it again. My concern is that Bitcoin may have a strong fall over time before it will stabilize and move higher afterwards. This could be a serious concern for those who are not so lucky to buy it at a very low price as well. So, don't worry, just hold or buy is easy, and for more, look at the history.
It's difficult to find the real answer behind the fluctuation of the Bitcoin market, we can speculate all we want but we won't find the exact answer.
IMO, it's just a normal movement from whales trying to dump and purchasing back. Playing with the market to accumulate more Bitcoin so that they will be ready when the full swing starts. Expect more of this to happen before the Bitcoin ETF approval. There are so many articles coming out about the "what ifs" of the decline of the SEC or prolonging the battle by not letting the approval happen as early as possible.
All of this could make the Bitcoin market react as all eyes are on the movement of Bitcoin as we get near a possible swing up that would create a new ATH.
What we can do now is just be ready as always, monitoring the market on how it will behave because these are crucial times that might write an unforgettable history for Bitcoin.
IMO, it's just a normal movement from whales trying to dump and purchasing back. Playing with the market to accumulate more Bitcoin so that they will be ready when the full swing starts. Expect more of this to happen before the Bitcoin ETF approval. There are so many articles coming out about the "what ifs" of the decline of the SEC or prolonging the battle by not letting the approval happen as early as possible.
All of this could make the Bitcoin market react as all eyes are on the movement of Bitcoin as we get near a possible swing up that would create a new ATH.
What we can do now is just be ready as always, monitoring the market on how it will behave because these are crucial times that might write an unforgettable history for Bitcoin.
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
Probably lack of support for a price above 45K, which leads to many traders selling BTC at 45K and cashing in the profits. This leads to a wave to automatic stop loss orders, which pushed the price down.
This Matrixport Report has been pointed as a big FUD factors in the last few days, but I don't believe it. How can the creators of the report know about the SEC rejecting the Bitcoin Spot ETF before there's an actual decision? Does someone have insider information about the SEC decision?
Anyway, the price pump from 30K to 45K was clearly caused by the anticipation of a Bitcoin Spot ETF approval. If the ETF gets rejected, I think that the BTC price will get down to 30K(which isn't necessarily bad). I expect the real bull run to begin several months after the 2024 BTC halving.
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
I don't think there will be a rejection but SEC can ask for more time and ETF will be approved somewhere in Q2 as predicted in that research article. More delay will also cause panic and there will be a major crash right after the news comes out. If they approve the bitcoin ETF this week then there can be some other plan to crash the market so that they can accumulate bitcoin at a reasonable price. I don't think there is enough bitcoin in the market at the current price to fully fill all these asset managers bags.
Don't be panic, just continue hodling your BTC because this are some of the signs you will be seeing in this season that will make you to have confidence in your hodling that bull run is very close for hodlers to smile again. I noticed such move in the market in few hours but the price have started increasing back to $45k and it has gotten to $44k which it can be possible for the price to reach $50k for some hodlers to start selling their BTC to make profits that will make them to buy when another bear run come.
Panic in the face of every condition is not necessary, because another bear may not come at a moment like now, and you yourself have also seen that currently there are more frequent increases than prolonged declines in prices. So the bear will not have the potential to come immediately, except for a short correction to make a bigger jump to the top level in the market.Quote
I will not advise you to buy now, but is good to continue hodling the ones you bought when the price was low in the market and it will give you a good profits if you can endure till the bull run become mature in the market.
Buying now is still good and not too bad to do, although maintaining what you have bought is also very good, because by continuing to buy you will at least increase your existing portfolio. I think buying in the current conditions is still not too late if the prediction is that Bitcoin could go to $50K at the beginning of this year, and that is also part of taking advantage of conditions that are improving like now. 
This could cause a big scare for investors because it's suppose to be more than what we're seeing, talking about the market price. With the high expectations many people had as of last year that Bitcoin will get to $50k before end of December 2023 and we're having it struggling to surpass $45k till this very moment and is even getting worse to see it at $42-43k as of last 3-4 days. It seems like our expectations are not going to be as we wanted it to be, the market price have something different to offer this year, who knows it might drag us back to $30k before the end of this month.
Don't be panic, just continue hodling your BTC because this are some of the signs you will be seeing in this season that will make you to have confidence in your hodling that bull run is very close for hodlers to smile again. I noticed such move in the market in few hours but the price have started increasing back to $45k and it has gotten to $44k which it can be possible for the price to reach $50k for some hodlers to start selling their BTC to make profits that will make them to buy when another bear run come.
I will not advise you to buy now, but is good to continue hodling the ones you bought when the price was low in the market and it will give you a good profits if you can endure till the bull run become mature in the market.
I will not advise you to buy now, but is good to continue hodling the ones you bought when the price was low in the market and it will give you a good profits if you can endure till the bull run become mature in the market.
But, the price hardly gain an amount for us to say that it was only a correction that happened lately. I am sorry but I think can believe more to those reasons the @OP had listed. It's only nice to see that we are still seeing a quick recovery despite of it. There is no real pump yet that occurred in Bitcoin but the highest pump achieved in the crypto market was from Solana. If you only said that Solana hodlers are dumping their coins, then that is more believable. And why will the Bitcoin hodlers sell when they are also aware that the halving is now close? They can just buy more in fact and wait a little more, in order to gain a massive profit.
Real pump of Bitcoin or not we just need to see how Bitcoin moves. The Solana hype is great, but the hype about a Bitcoin ETF will be even greater. We are still waiting for the spot ETF announcement next month and that will be the next Bitcoin bullish determinant. Now there is a correction but it is still quite normal and whoever can survive will get back their profits because Bitcoin will continue to a new ATH. 
don't worry, it looks like bitcoin will recover to $45K in the near future.
Considering it is nearly at 44k again, you could see that all those FUD people were wrong, as always. I mean this is such a simple thing, and we need to just realize that it's been happening for so many times in a row right now, so it shouldn't really be something that we should care about. I get that we are going to end up with a situation where it snot going to be all that simple, but it's really not that complicated.The price will go up, it is nearing halving, so for the next 1.5 years it will go up, that is just as simple as that, there will be tiny drops like this, but overall it will go up and we just need to realize that is the reality and that's it. I get that we may not end up with something that could change the world, but we just need to accept that as reality.
Dont you worry mate because it seems that we only have corrections here mate look at
the market today https://coinmarketcap.com/currencies/bitcoin/ bitcoin had developed recovery as
how fast it drops so I think not about those mentioned reason but instead the holders have just sell
their Holdings about the market pumps.
But, the price hardly gain an amount for us to say that it was only a correction that happened lately. I am sorry but I think can believe more to those reasons the @OP had listed. It's only nice to see that we are still seeing a quick recovery despite of it. There is no real pump yet that occurred in Bitcoin but the highest pump achieved in the crypto market was from Solana. If you only said that Solana hodlers are dumping their coins, then that is more believable. And why will the Bitcoin hodlers sell when they are also aware that the halving is now close? They can just buy more in fact and wait a little more, in order to gain a massive profit. the market today https://coinmarketcap.com/currencies/bitcoin/ bitcoin had developed recovery as
how fast it drops so I think not about those mentioned reason but instead the holders have just sell
their Holdings about the market pumps.
Of course, the exact reason for the rejection of ETFs by the SEC may often be attributed to when there is news saying ETFs are rejected then the market immediately reacts, then when Jim Cramer says something about bitcoin then it will happen the opposite.
I am not sure what Matrixport is predicting in the midst of the ETF rejection, but anything can happen because this is their influence and there could be a possibility of a decline because behind it all they seem to manipulate the market that is rising to $45K.
But don't worry, it looks like bitcoin will recover to $45K in the near future.
I remember the words from X.com like this:
If the ETF is approved then the price will go up.
If the ETF is rejected, then we buy again.
This saying says don't panic too much guys.
I am not sure what Matrixport is predicting in the midst of the ETF rejection, but anything can happen because this is their influence and there could be a possibility of a decline because behind it all they seem to manipulate the market that is rising to $45K.
But don't worry, it looks like bitcoin will recover to $45K in the near future.
I remember the words from X.com like this:
If the ETF is approved then the price will go up.
If the ETF is rejected, then we buy again.
This saying says don't panic too much guys.
I guess due to the miners and traders this happened for which Bitcoins fell 5k usd in price in few hours. But I would say this is completely normal. I mean this definitely gave us a hint that this year will be big, but I am happy with the price corrections. We can treat this positively, as this is another opportunity to buy Bitcoins for 4k usd price less. So don’t worry about much and accumulate as many coins as you can in this price segment. I promise you won’t regret.
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
Dont you worry mate because it seems that we only have corrections here mate look at * SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
the market today https://coinmarketcap.com/currencies/bitcoin/ bitcoin had developed recovery as
how fast it drops so I think not about those mentioned reason but instead the holders have just sell
their Holdings about the market pumps.
* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
To be honest, nothing serious caused such a huge impact on the market yesterday, it was just the market mood that caused that. The mood was aggravated by the fear that ETF proposals could be rejected. This is not new and the reasons alone can't actualise what happened since similar ones had happened with nothing like this happening, but the market is funny at times, it will just start like a play and before you know it more withdrawal of liquidity suddenly will make it happen, and it could be scary.* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF
Which one could be reason of such movement?
Specifically, among all that you have listed, the only viable cause that I suspect is the SEC's possible rejection. The rejection headlines have been getting too much, and just as it helped the buying when the expectation for the approval was much late last year, the same will happen when the rejection rumour is getting much. I expect more if this persists as we get closer to the 10th of January. This might have caused damages even before the time. Yet, even if the SEC eventually reject the proposals, I do not expect the market to be affected so badly by it. It will fall drastically for some moment but it will quickly stabilize due to halving expectations.
This is an obvious attempt at market manipulation for their benefit. Here is what the Matrixport scam posted yesterday:
* Bitcoin Spot ETF approval imminent, BTC to jump to $50,000
* Bitcoin Spot ETF approval imminent, BTC to jump to $50,000
Well, at least now if bitcoin ETF gets approved they'll be able to say "we've told you so" and if it doesn't they'll do the same.
Most likely they have multiple authors and don't verify what these authors write. First they published a report by 1 researcher who was positive and then another by someone who was negative. They should really pay attention to what is posted on their site because it makes the company look unprofessional when they can't even work out a general attitude towards a subject.
And I think that's what happen right now, I mean with this kind of news, the market pushed the price to more than $45k. But after that, when the news was verified by bitcoin enthusiast, maybe they think this is just another manipulation early this year, the price sink to where we started or end 2023, at $42k.
So I think there is some entities who take advantage of this kind of news again. As for the article, this has been the nature of crypto journalism, news is not confirmed or verified by the author. And so we should know how to read between the lines so that we won't fall for fake news or not so true articles.
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