Reserve Dollar

Solana

Pepe

Bitcoin

Reserve

<p>With less than 20 days to go until the Bitcoin Halving, the queen of cryptocurrencies exhibits heightened volatility. Its price alternately shoots above 70,000 dollars and then suffers harsh corrections, like today. The latest data indicates that BTC is deep in the red.</p>
<h2 id="h-bitcoin-plunge-into-the-depths-of-the-cryptosphere">Bitcoin: Plunge into the Depths of the Cryptosphere</h2>
<p>This <strong>pre-Halving instability of Bitcoin</strong> is raising concerns among crypto analysts. In this context, some predict <a href="https://www.cointribune.com/en/halving-bitcoin-ethereums-great-challenge-for-digital-supremacy/" target="_blank" rel="noopener noreferrer nofollow">a surprising rise of Ethereum</a>. However, the difficult (but temporary) economic situation affects not only Bitcoin: <strong>most cryptocurrencies are facing similar struggles</strong>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>According to <a href="https://coinpedia.org/news/why-is-the-bitcoin-btc-price-down-today/" target="_blank" rel="noopener noreferrer nofollow">CoinPedia</a>, the cryptosphere is rocked by <strong>a sharp drop in Bitcoin</strong>, falling to an alarming level of <strong>66,000 dollars</strong>. This debacle triggered massive liquidations, causing shockwaves across the Bitcoin network. In just one hour, <strong>liquidations totaling 157 million dollars</strong> were recorded, mostly long orders worth 144 million dollars.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>But it’s not just Bitcoin that’s sinking into the abyss of speculation. The big names in altcoins are not spared. <strong>Ethereum has fallen by 6.71% and Solana by 9.32%</strong> in the past 24 hours, registering colossal <strong>losses of 92.26 million dollars and 17 million dollars</strong>, respectively.</p>
<p>While the titans of the cryptosphere are floundering, an intriguing trend emerges: the flow of liquidity is leaving Bitcoin and other major altcoins to <strong>head towards memecoins</strong>, creating a “bizarre bull market”. While Bitcoin, Ethereum, and Solana are faltering, <strong>the total market cap of memecoins is exploding to 70 billion dollars</strong>.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="1000" height="696" src="https://www.cointribune.com/app/uploads/2024/04/graphique-bitcoin-2-avril.png" alt="Bitcoin price, April 2nd" class="wp-image-682373" srcset="https://www.cointribune.com/app/uploads/2024/04/graphique-bitcoin-2-avril.png 1000w, https://www.cointribune.com/app/uploads/2024/04/graphique-bitcoin-2-avril-300x209.png 300w, https://www.cointribune.com/app/uploads/2024/04/graphique-bitcoin-2-avril-768x535.png 768w" sizes="(max-width: 1000px) 100vw, 1000px">
  <figcaption class="wp-element-caption">
   BTC Price Evolution on April 2nd, 2024 – Source: TradingView
  </figcaption>
 </figure>
</div>
<p>This <strong>rush towards meme cryptocurrencies</strong> is fuelled by the buying frenzy of recently launched tokens like “Dogwifhat” and “Book of Meme”, as well as the persistent enthusiasm for classic memes such as Pepe and Bonk.</p>
<p>In the midst of this turmoil, <strong>Binance Labs</strong> also finds itself in the spotlight, <strong>accused of selling some of its investment tokens</strong> during the market crash. Massive transfers of GMT tokens, equivalent to <strong>3.14 million dollars</strong>, were reported from Binance Labs to Binance Deposit, fueling speculation about the behind-the-scenes maneuvers of one of the largest cryptocurrency trading platforms.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Acheter ses premières cryptos avec la plateforme Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">Ce lien utilise un programme d’affiliation</a>
</div>
<h2 id="h-the-fed-stands-firm-despite-market-fluctuations">The Fed Stands Firm Despite Market Fluctuations</h2>
<p>As the eyes of the financial world are focused on cryptocurrencies, <strong>the U.S. Federal Reserve holds steady</strong>, even as the waters are choppy.</p>
<p>Bitcoin, the unrivaled leader of the virtual currency sphere, is experiencing periods of turbulence. This volatility only adds to <strong>an already tense atmosphere</strong> on the cryptographic markets. If U.S. economic data surprise with unexpected growth, they also diminish investors’ appetite for <strong>an imminent cut in Fed interest rates</strong>.</p>
<p>Markets, reacting to this new situation, are cautious. Investors are now looking for <strong>signs of change in U.S. monetary policy</strong>, as the persistent volatility of cryptocurrencies fuels doubts about their long-term stability.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<div class="affiliate-button"><span class="affiliate-button__link obfuscated-link" data-href="https://www.cointribune.com/newsletters/" data-target="_blank" data-rel="noreferrer noopener">Découvre notre newsletter gratuite</span> <span class="affiliate-button__disclaimer obfuscated-link" data-href="https://www.cointribune.com/en/sponsored-content/" data-target="_blank" data-rel="noreferrer noopener">Ce lien utilise un programme d’affiliation</span>
</div>
<p>In this atmosphere of caution, the U.S. Federal Reserve remains unflappable, resisting the siren calls of the market. Despite <strong>dwindling expectations of an interest rate cut</strong>, the Fed stays cautious, carefully evaluating evidence before making any decisions.</p>

Bitcoin in freefall: Cryptoinvestors on the brink of financial disaster?

Mục lục

Cointribune EN

Các bài viết khác được xuất bản trên 2 thg 4, 2024

US government transfers Silk Road’s 30k Bitcoins to Coinbase

Bitcoin Mining Surges Amid Market Optimism: A Closer Look

Solana’s GSOL Premium Soars, Reflecting Bullish Investor Sentiment

Crypto.com to launch services for retail traders in South Korean market

What’s Behind Grayscale’s Lack of BTC Update Post-Purchase?

Bitcoin Battles with Volatility as Prices Swing

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!