MarketSentiment
Bitwise’s CEO has warned that a key sign points to a potential Bitcoin bear market, even as Vanguard reverses course and will allow trading of crypto-focused ETFs and mutual funds on its platform. The Vanguard move could broaden access and liquidity, offsetting some downside pressure.
Cumberland, Galaxy Digital, Coinbase, DRW and Wintermute sent 4,094 BTC (about $405 million) to Anchorage Digital over nine hours, signaling aggressive institutional buying while retail reacted to Bitcoin falling below $100,000.
Exchange stablecoin reserves (ESR) have climbed to yearly highs while the U.S. dollar weakens, boosting the odds of a Bitcoin rally. Traders say the ESR-DXY setup increases the probability of spot-driven upside, though flows and macro triggers will determine execution.
Bitcoin bulls tried to spark a recovery but ran into heavy selling near $107,000, pulling most altcoins back from resistance. Sellers dominated across ETH, XRP, BNB, SOL, DOGE, ADA, LINK and BCH, leaving the market tone cautious.
China alleges the US seized 127,000 BTC (about $13 billion), turning Bitcoin into a fresh geopolitical flashpoint that could erode investor confidence and raise supply concerns. The claim risks dampening institutional appetite and may redirect capital toward alternative plays.
In October 2023, Bitcoin reached an all-time high above $94,000, driven by increased trading volumes and optimistic market sentiment. Institutional interest and anticipated policies from the incoming administration contributed to a 35% price rise since the election, with projections suggesting a possible $154,000 target.
Bitcoin's price soared close to $112,000 driven by improved market sentiment and a surge in trading volume, signaling increased investor interest. Platforms like Bitlet.app provide flexible ways to invest, including Crypto Installment services, allowing users to buy now and pay monthly.