Crypto ‘whales’ are selling Bitcoin
Digest more
2hon MSN
Where Will Bitcoin Go Next?
It's anyone's guess where Bitcoin will be trading a year from now. Factors like interest rates, unemployment, Federal Reserve commentary, geopolitical developments, regulatory changes, and crypto and Bitcoin industry trends can all have a sizable impact on price action. These variables are totally unpredictable.
Bitcoin's price has recently demonstrated a familiar pattern, echoing past market recoveries with several bottom indicators clustering once more. As of
Altcoins are bleeding worse. Ethereum (ETH) is down around 10% in a day, trading at $3,275.83. XRP slipped 7%, trading at $2.18. Both BNB and SOL have dropped 8%, trading at $923.58 and $154.45
Crypto mining stocks like IREN and Cipher are soaring with AI-fueled gains. Are they now a smarter buy than Bitcoin?
President Trump has loosened crypto regulations and signed pro-crypto legislation such as the GENIUS Act. The more favorable environment has pushed major financial institutions to begin embracing crypto as a means to appease clients and partake in the crypto rally.
In the world of finance, where politics and currency often intermingle in complex layers, Bitcoin stands as a remarkable disruptor.
The sell-off is attributed to a combination of factors, including profit-taking, institutional outflows, macro uncertainty, and low liquidity.
Still, that hasn’t stopped the SkyBridge Capital founder and his son, AJ Scaramucci, from backing American Bitcoin, the Bitcoin miner that counts the President’s sons Eric as a cofounder and Donald Jr.