NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin Collapses By Most In Nearly A Month – Its Golden Days Are Over?

Christian Encila
Christian Encila
3 years ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin fell to its lowest level in nearly a month as the optimism that had pervaded global markets following the Federal Reserve’s meeting on Thursday quickly vanished.

On Thursday, sellers returned in full force, driving equities and cryptocurrencies down. Despite short-term price movements, the risk-off mood among market participants has been a recurrent trend this year.

Bitcoin price fell below the $38,500 support level after failing to cross the $40,000 resistance level. The cryptocurrency has lost 8% in the last 24 hours and is now consolidating about $36,500.

Suggested Reading | Bitcoin Seen Dropping To $32K – But Not This Month – As Analyst Sees It Hitting $48K

In the past seven days, BTC has also decreased by 8%. This was also one of the worst declines for cryptocurrencies this year. The token is now approximately 10% above its January 2022 low – a far cry from the $66,000 it registered in November last year.

Dragged By The Stock Market

On April 5, its value opened at $46,614, but since then, between small and slight recoveries, it has declined to Friday’s closing price of $36,230.

Bitcoin is the most volatile cryptocurrency, and market observers say these types of declines are usual given that the crypto market increasingly follows the stock market’s price movements.

According to CoinMarketCap statistics, the largest cryptocurrency has a 24-hour trading volume of $35,046,532,955. In addition, Bitcoin’s dominance index decreased by 0.3% to nearly 42%.

BTC total market cap at $757 billion on the daily chart | Source: TradingView.com

Other Cryptos Fall As Well

Similarly, the value of the majority of large coins decreased substantially. Ether fell as high as 7.1%. Avalanche and Solana, which were among the biggest gainers following Thursday’s rate hike by the US central bank, plummeted as high as 10% and 7.2 percent, respectively.

According to Edul Patel, Chief Executive Officer and Co-Founder of Mudrex, there is a possibility that BTC would fall below the present level.

“The 24-hour selling volume of Bitcoin increased slightly. Bitcoin’s support level has risen to $32,000. A similar downward trend could continue for several days,” he said.

Rising interest rates are the greatest risk for both cryptocurrency and stock traders. The Federal Reserve has already increased interest rates twice this year and is expected to do so again to counteract excessive inflation.

End Of The Bitcoin Golden Days?

Meanwhile, as the cryptocurrency market continues to be volatile, Bitcoin is anticipated to rise despite the worst economic and financial conditions.

As Bitcoin’s price continues to fall, however, some investors are becoming increasingly dubious of these forecasts and shifting their focus to other investment opportunities, or perhaps other cryptocurrencies.

Comprehending what comes ahead is difficult because of the numerous variables influencing Bitcoin’s performance and many crypto investors are still optimistic it can go back to levels it enjoyed during its glory days.

Suggested Reading | Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours

Featured image from Pexels, chart from TradingView.com
Tweet123Share196ShareSend
Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin-booms-bitcoin-hyper-raises-2-5m-btc-l2-bet

Bitcoin Booms, and So Does Bitcoin Hyper — $2.5M Raised as Investors Bet on $BTC L2

Bitcoin has just surpassed the $120K mark, signaling a strong return of investor confidence. As capital flows beyond Bitcoin, altcoins...

Aaron Walker 1 hour ago
ChatGPT: XRP koers klaar voor nieuwe ATH in juli? Ripple kan stijgen naar $27 tijdens bull run

ChatGPT: XRP koers klaar voor nieuwe ATH in juli? Ripple kan stijgen naar $27 tijdens bull run

Ripple (XRP) staat in de schijnwerpers nu de koers stevig momentum vasthoudt tijdens de bull run van 2025. Met een...

Lars Diederiksen 1 hour ago
Crypto expert: Bitcoin koers gaat snel exploderen naar $250.000

Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021

With the Bitcoin price rising to new all-time highs every other day, more crypto analysts have come forth with their...

Scott Matherson 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold

Godspower Owie 2 minutes ago

È Appena Iniziato il Superciclo di Liquidità di Bitcoin, Dice il CEO di un Hedge Fund

clararosati 1 hour ago
Dogecoin price news

Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched?

Jake Simmons 1 hour ago

Premium Sponsors

Press Releases

  • ETHRANSACTION Core Breakthrough! New users get $19 starter...

    12 minutes ago
  • 2 jeftine kriptovalute s potencijalom rasta od 9.000% –...

    20 minutes ago
  • Predviđanje Cijene Snorter Token (SNORT) – Analiza i Projekcije 2025–2030

    Fartcoin, dogwifhat Tăng Mạnh – Snorter Được Dự...

    31 minutes ago
  • ...

    31 minutes ago
  • ico 仮想通貨注目:Snorter Tokenが2025年の有力候補に

    ico...

    34 minutes ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.