bitcoin Faces minor Decline, Signals of Crypto Winter Loom
Bitcoin’s value is now around $83,793.85,showing a 2.47% drop in the last 24 hours. However, it’s still up 8.39% this week. This dip might seem small, but deeper market signals suggest a possible crypto winter ahead.
Coinbase’s latest report highlights several bearish signs. These include global tariff tensions, reduced risk appetite in stocks, and a 41% drop in the total crypto market cap, excluding BTC, from it’s December 2024 peak. The market cap is now at $950 billion, lower than most periods between August 2021 and april 2022. This decline could signal a new crypto winter. The total crypto market cap, excluding Bitcoin, has fallen considerably. It’s now lower than in many periods between 2021 and 2022. A bear market usually means a 20% fall from recent highs. Yet, crypto behaves differently. Bitcoin’s 76% drop between 2021 and 2022 contrasts with the 22% U.S. equities drop during the same time. The market cap is now at $950 billion. Such volatility brings both fear and chance. With Bitcoin dipping below its 200-day moving average, a bearish trend may be forming.
Though, not all declines are equal. Metrics like z-scores and moving averages are becoming more relevant in interpreting Bitcoin’s erratic rhythm than arbitrary thresholds.
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Whale address count
whale address count
Whale address count
Whale address count
Whale address count
Whale address count
Wh
