Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$24,334.00-0.73%
  • ethereumEthereum$1,941.70-2.56%
  • xrpXRP$0.3811240.11%
  • bitcoin cashBitcoin Cash$139.84-2.96%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
    • Best Crypto Presales
    • Tamadoge
  • Autotrading
    • BitProfit
    • Bit Index AI
    • Metaverse Profit
    • Today Profit
    • Quantum Code
    • Bitcode Prime
    • Bitprime Gold
    • Bitcoin Motion
    • Bitcoin Smarter
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • TeslaCoin
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • NFT Profit
    • Bitcoin Decoder
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Bitcoin Dives Deep And Drowns The Entire Crypto Market

John Wanguba by John Wanguba
January 22, 2021
in Crypto news
Reading Time: 4min read
Bitcoin Dives Deep And Drowns The Entire Crypto Market

After a day of massive selling pressure, bitcoin price plunged below $28,000 for the first time since January 5, 2021. On Thursday, the crypto market encountered a major wave of selling pressure led by bitcoin.

Most of the cryptos have not yet decoupled from Bitcoin. Thus, when the flagship crypto moves, the others follow. This time around, the drop in bitcoin led to a loss of $113 billion from the crypto market capitalization.

Now that bitcoin has lost the $32,000 support and the $30,000 level is under threat, many analysts believe that the BTC price may correct to retest the $24,000 support zone. One of the theories suggests that institutions considered bitcoin as a crowded trade and decided to take some profits.

Guggenheim’s chief investment officer, Scott Minerd, recently said that the BTC price has likely peaked for 2021 and may experience a retracement that will take it back to the $20,000 zone.

John Normand and Federico Manicardi, JPMorgan strategists, also warned that:

“investors using BTC as a portfolio diversifier are putting themselves at risk as Bitcoin is more of a cyclical asset than a hedge.”

That note of caution was timely given the latest show of volatility that pushed the crypto market down. Even though these sell-offs are painful for investors who had over-leveraged, taking a keen look at various social activity events that happened during the plunge highlights that the latest volatility might not be a significant macro trend change.

In exclusive comments to reporters, TheTIE analyst Erik Saberski mentioned that in the past dips in BTC price, its market dominance never changed significantly. He explained:

“This implies that earlier in the month, sell-offs were cashing out entirely, while recent BTC sell-offs are moving more into other cryptos. Looking at the daily sentiment, the same recent drops *usually* have corresponding drops in sentiment. We aren’t seeing that right now though.”

Stimulus Hopes Push Stocks Near All-Time Highs

The prospect of a wide-ranging stimulus package promised by the Joe Biden administration is currently boosting the traditional markets. NASDAQ and the S&P 500 recorded new all-time highs on January 21 and they closed up by 0.82% and 0.03% respectively. The Dow also finished the day with a 0.04% gain.

Reviewing the top-100 coins shows that CELO is the only project that recorded significant gains in the sell-off. It gained 48.87% at one point and traded at $3.37. Ether (ETH) lost 21.28% while Polkadot (DOT) dropped by 8%.

The general crypto market cap now stands at $905 billion and Bitcoin’s dominance rate is 64.6%.

Like what you're reading? Subscribe to our top stories
Tags: BitcoinBitcoin market dominanceBitcoin PriceBTCBTC PriceCelocryptocryptocurrencyDOTETHETH priceEtherEther priceEthereummarket updateMarketsNASDAQPolkadotS&P 500

Related Posts

CFTC Charges Ohio Man For Operating A $12M Ponzi Scheme
Regulation

CFTC Charges Ohio Man For Operating A $12M Ponzi Scheme

August 13, 2022
ASIC Chair Pressured By Huge Amounts Of ‘Risk-Taking’ Crypto Investors
Analysis

ASIC Chair Pressured By Huge Amounts Of ‘Risk-Taking’ Crypto Investors

August 13, 2022
Tamadoge Pulls In $2M For P2E Game – 2nd Token Sale Tranche Coming Up
Crypto news

Tamadoge Pulls In $2M For P2E Game – 2nd Token Sale Tranche Coming Up

August 13, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.