Bitcoin (BTC) fell at $ 78,000 on Monday, losing 4 % during the day, while stock markets collapse. According to the recent Crypto data, the BTC/USD pair affected the $ 79,170 on Bitstamp, continuing a downward trend before the weekly fence. What follow -up for Bitcoin?
Bitcoin drops under $ 78,000 while Wall Street collapses
The fall in Bitcoin is part of a broader context of withdrawal of risky assets, where the crypto market has just lost hundreds of millions of dollars in a few hours. Wall Street opened in the red on Monday, with a 2 % drop for the S&P 500 and 3.5 % for the Nasdaq Composite Index. The Nasdaq 100, in particular, officially entered the correction territory after a loss of more than 10 % since its recent heights. In addition, several macroeconomic trends highlight the nervousness of investors:
- The price of gold has climbed by 50 % in 13 months, a sign of an influx to the shelters.
- Oil dropped by 20 % in 2 months, reflecting fears about global demand.
- The yield of American bonds at 10 years has dropped by 60 base points over 2 months.
- The capitalization of the Crypto market has lost $ 1,000 billion over the same period.
- The market now anticipates three rate drops in 2025, reflecting growing concern about the American economy.
Facing these signalsBitcoin investors seem to bet on an imminent recession in the United States.
A week full of uncertainty
Crypto investors are in full uncertainty while Bitcoin vacillates below $ 78,000. The current volatility of the markets, coupled with the fall in disturbing actions and economic signals, fuels the fears of a deeper collapse. This week promises to be decisive.
Because, several indicators must be closely monitored, such as the movements of the Bitcoin Whales, the liquidity of the market or the decisions of the Fed on interest rates. While some hope a technical rebound, others fear a new wave of capitulations.
While markets vacillate and bitcoin suffers, the question remains open: is it a simple correction or can bitcoin still avoid total collapse?
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