$91,602.00
5.08%$1,701.36
7.84%$2.16
3.36%$608.99
1.93%$144.84
6.42%$0.999943
-0.00%$0.171845
8.79%$0.657471
5.57%$0.246178
0.51%$1,699.55
7.74%$91,590.00
5.18%$21.63
7.57%$13.86
5.79%$9.01
-1.39%$0.260076
2.41%$2.45
11.87%$0.00001318
6.28%$3.00
2.97%$0.177095
4.24%$2,046.60
8.24%$0.999887
-0.00%$357.30
2.86%$83.21
6.39%$18.78
5.44%$3.91
1.89%$4.52
1.78%$1.001
0.08%$0.999956
0.04%$1,706.25
8.16%$0.638268
0.69%$28.56
1.24%$222.73
3.64%$1,817.66
8.45%$91,644.00
5.13%$0.00000841
8.28%$5.63
6.65%$5.12
2.40%$51.75
1.46%$343.92
9.95%$23.68
3.41%$0.896452
4.80%$2.32
3.07%$32.78
0.11%$4.91
1.65%$1.048
-0.10%$0.090588
9.90%$16.26
3.29%$1.00
0.00%$0.092833
10.18%$0.688771
3.35%$153.14
8.74%$4.47
3.28%$0.02469405
3.85%$1.17
0.07%$4.24
2.03%$0.217575
8.47%$91,482.00
5.32%$4.23
0.08%$8.91
8.08%$2.64
-0.20%$0.201674
4.17%$0.310754
7.72%$2.67
4.31%$0.613934
0.88%$0.99955
0.16%$0.483795
6.49%$0.312158
2.97%$4.02
3.90%$91,571.00
5.13%$10.07
2.60%$151.64
6.57%$0.426993
6.29%$0.790353
10.39%$1,423.70
5.76%$0.718388
0.89%$0.074252
4.14%$0.00001427
15.05%$1.089
5.21%$1.08
21.07%$0.801321
3.49%$0.01642878
2.86%$1,702.46
7.82%$0.555679
17.29%$68.09
2.11%$1,775.47
8.03%$0.652425
2.75%$3.51
-4.57%$0.183963
4.02%$0.678252
15.57%$1.00
0.07%$9.03
3.66%$15.31
7.10%$1.00
0.01%$0.999873
-0.02%$3,396.51
-1.57%$0.087608
4.77%$1,919.39
8.07%$1.001
0.04%$3,406.89
-1.29%$608.94
1.85%$90,054.00
3.92%$2.51
11.93%$186.38
6.59%$91,481.00
5.05%$0.01636326
2.88%$0.01484615
3.88%$159.61
6.33%$0.28534
4.01%$0.11703
8.55%$3.76
10.66%$0.183162
8.59%$0.759993
5.85%$0.997734
-0.00%$1,806.72
7.72%$0.661759
3.31%$0.65386
-2.09%$1.00
0.12%$0.00000063
4.04%$91,945.00
5.75%$0.383702
2.74%$0.00006255
7.27%$30.17
3.73%$0.01785688
3.46%$1.11
0.11%$0.00636563
17.71%$1.97
0.74%$1.82
8.25%$0.305781
1.03%$3.42
5.66%$0.22493
0.76%$0.440344
3.44%$0.52566
4.67%$1,783.90
8.14%$0.145806
3.79%$15.75
6.52%$0.534047
1.71%$31.47
-0.68%$0.999247
-0.04%$0.00856793
6.99%$0.067171
-1.06%$0.472086
8.53%$87,820.00
5.19%$0.613946
2.72%$0.429496
3.98%$91,549.00
4.97%$0.999989
-0.00%$1.30
5.80%$1.00
0.04%$1.65
1.24%$0.485865
10.49%$88,321.00
0.00%$0.171779
8.67%$1,779.16
8.19%$0.00002158
4.77%$110.77
0.02%$0.00000043
1.55%$0.64265
12.27%$1.98
-5.75%$1,704.72
8.43%$14.75
4.26%$91,397.00
5.23%$1.084
0.01%$5.76
2.77%$1.00
-0.00%$0.139699
2.43%$3.61
5.04%$2.41
4.40%$5.91
3.36%$0.00612099
21.64%$0.481402
2.41%$0.074962
2.84%$0.217686
8.60%$1,702.11
7.86%$0.326262
20.18%$0.03896945
4.00%$41.53
3.66%$0.03737757
5.16%$1,700.71
7.80%$1.001
0.03%$1,701.66
7.82%$1,810.92
7.85%$0.078459
0.82%$21.78
-0.64%$0.999619
0.00%$0.176778
2.93%$0.999155
-0.04%$0.432498
9.47%$0.551912
6.18%$0.00650413
0.64%$0.00400992
9.13%$0.0000622
0.59%$0.805219
3.31%$0.01721284
0.64%$1.001
0.02%$1.00
0.05%$0.320173
28.56%$0.119192
-0.54%$0.03144446
1.08%$1,734.19
8.52%$0.119984
34.89%$0.314965
3.27%$91,466.00
5.00%$0.999867
-0.08%$2.62
3.74%$0.140522
2.04%$0.676151
-5.95%$109.71
3.27%$3.54
3.29%$25.74
5.52%$1.14
3.73%$0.00000138
5.91%$0.228798
4.76%$0.998955
0.06%$90,297.00
5.22%$1,687.75
8.20%$0.601632
5.04%$0.598315
8.02%$3,187.04
0.00%$0.26684
0.08%$2.79
2.12%$21.51
1.78%$0.00043522
5.38%$0.258023
6.92%$1,701.24
7.70%$0.03670999
1.38%$0.109846
5.62%$0.181312
2.82%$21.63
7.49%$1,797.37
8.09%$1,839.39
4.96%$0.492987
3.87%$0.01239221
4.24%$0.42785
1.91%$0.00272159
10.98%$0.707933
6.78%$0.02835878
1.45%$14.41
3.49%$2.87
11.48%$1.00
0.05%$1.00
-0.09%$0.97754
6.62%$0.888536
5.73%$1.14
-0.80%$91,210.00
5.26%$2.17
2.81%$1.094
-0.08%$1,865.78
7.78%$1.40
-0.46%Reading
The price of Bitcoin has bounced back after falling as low as $29,400, which represented a 30% drop from its all-time high. The coin has rebounded to its current value of $30,700.
The sudden drop today came when Bitcoin fell by over $2,000, in the last 24 hours after starting the day above $32,000. As a result of the dip, Bitcoin declined by almost 15% against the US Dollar, and by nearly 5% against its largest cryptocurrency rival Ethereum.
Bitcoin traders who were optimistic that Bitcoin’s price was due to increase were disappointed. This price correction caused over $50 million in liquidations of long positions, indicating that many traders might expect Bitcoin to drop even further.
According to Coinalyze, the majority of these liquidations occurred on Binance, which saw approximately $22 million liquidated today. Coming in second is ByBit, which saw almost $15 million worth of liquidations take place as Bitcoin dipped below $30,000.
But despite the price drop, there remains a sense of optimism that Bitcoin will reverse course.
Wow. #Bitcoin just bounced hard off the bottom of the December/January price channel maintaining @100trillionUSD's S2F slope from the December run up. Feb 28 in the channel ranges from $36-60k. Buckle up. pic.twitter.com/akfXaHkfVW
— Bill Barhydt (@billbarhydt) January 27, 2021
Abra Global CEO Bill Barhydt tweeted that Bitcoin’s price could range from anywhere between $36,000 to $60,000 by February 28, 2021.
In 2017, Bitcoin rose from a mere $1,000 to almost $20,000, which was then an all-time high in price. It did so on the back of five corrections that all saw Bitcoin’s price fall by at about 30%.
That means there are a few ways to look at this recent price drop.
The Bitcoin blockchain isn't just a record of transactions; it's also riddled with digital graffiti. Miners, and users versed in steganography—the art of hiding a message, image, video, or other data within an ordinary file—have been concealing data on the blockchain ever since the first block was mined in 2009. As a result, the Bitcoin blockchain has become a vast collection of hidden messages, covering everything from support for protocol changes from Bitcoin’s miners to newspaper headlines,...
One is that Bitcoin is on its way down, having seen a big peak in recent weeks. The other is that Bitcoin is still in a bull run that has a long way to go, and that this 30% drop may be just another hurdle on that road.
In this sense, it could be following the path it went down in 2017, which saw the coin rise 20X from its previous all-time high.
This argument is buoyed by institutions continuing to invest in Bitcoin.
Skybridge Capital COO Brett Messing told Decrypt that Bitcoin might reach $500,000 if institutions like Microstrategy continue to buy into the cryptocurrency. In addition, Messing even said Bitcoin could reach $150,000 within the next 15 months.
“I will be surprised if we don’t get above $100,000 in the next 15, 16 months,” Messing added.
And Messing is not alone in that assessment.
Bitcoin’s (BTC) price could surge by at least $40,000 if institutional investors allocate just 1% of their funds in BTC, according to the annual research report published by ARK Investment Management yesterday. The wait is over! #BigIdeas2021 - Download our annual report now! https://t.co/xaWOtP8m96 — ARK Invest (@ARKInvest) January 26, 2021 “According to our research, if all S&P 500 companies were to allocate 1% of their cash to bitcoin, its price could increase by approximately $40,000,” ARK...
Ark Invest Management today suggested that Bitcoin could reach $500,000 if institutions allocated anywhere between 2.5% and 6.5% of their portfolios into Bitcoin.
And that’s exactly what MicroStrategy CEO Michael Saylor is trying to achieve.
Bitcoin isn’t the only cryptocurrency shining bright since the U.S. President Donald Trump slapped “reciprocal” tariffs on nearly every nation this month. Since Trump's Liberation Day on April 2, Solana and Bitcoin have outperformed other major cryptocurrencies, rising 14.5% to $145 and 7% to about $91,100, respectively, according to crypto data provider CoinGecko. Ethereum (-10%), XRP (-12%), and Dogecoin (-1%) have fallen. Solana and Bitcoin have buoyed the broader crypto sector, with the glo...
Bitcoin exchange-traded funds (ETFs) just notched their strongest single-day performance in nearly three months, with institutional money pouring back into the space after weeks of muted flows. On Monday, Bitcoin ETFs collectively recorded $381.3 million in net inflows, their largest daily total since January 30, as per data from UK-based investment management firm Farside Investors. The inflows mark a notable shift after weeks of lukewarm demand, driven by macro uncertainty and tightening liqui...
Coinbase’s Layer 2 network Base’s creator, Jesse Pollak, has defended the platform’s focus on creators, following backlash over an experimental content token drop. “If you are a creator or developer and you want to be the #1 priority, we would love to have you on Base,” Pollak tweeted Monday. Pollak was responding to Pump.fun co-founder Alon Cohen’s criticism, who tweeted Monday, “traders are easily the most important user group in crypto,” not creators or developers. “I love traders, but our...
