Bitcoin

April

Spot

<p style="text-align: justify;"><a href="https://en.coin-turk.com/bitcoin-consolidates-as-average-transaction-volume-hits-lowest-in-over-two-years-is-a-surge-imminent/" data-wpel-link="internal">Bitcoin</a>, the leading cryptocurrency, had reached unprecedented highs due to the upcoming Spot ETF approval and the general market surge. However, with the recent drop, concerns arise about its future. The price drop has raised questions about whether Bitcoin will fall below the $40,000 mark.</p> 
<h2 id="btc-s-price-drop-trend">BTC’s Price Drop Trend</h2> 
<p style="text-align: justify;">Since reaching an all-time high of $69,000 in November 2019, Bitcoin has been experiencing a downward trend. The institutional interest in the leading cryptocurrency and the pending approval of the Spot ETF have contributed to a significant surge in Bitcoin’s value. Additionally, the halving event, expected to take place in April 2024, has pushed Bitcoin above the $40,000 mark, which had not been seen for a long time.</p> 
<p style="text-align: justify;">The halving event is a development that causes a decrease in the cryptocurrency’s supply every four years. Analysts are expecting a positive response from the <a href="https://en.coin-turk.com/bitcoin-and-cryptocurrencies-are-falling-is-a-major-destruction-in-crypto-coming/" data-wpel-link="internal">SEC</a> regarding the Spot ETF applications. If approved, it could lead to substantial gains in the cryptocurrency, but if rejected, it could result in significant losses.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-290623 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/bitcoin.jpg" alt="" width="1112" height="535"></p> 
<h2 id="current-data-for-btc">Current Data for BTC</h2> 
<p style="text-align: justify;">Historical data from the previous halving events in 2017 and 2019 show that Bitcoin reached its all-time high. With the upcoming halving event in April 2024, many cryptocurrency analysts are optimistic about positive developments. However, the recent dip over the weekend brought Bitcoin close to the $40,000 threshold.</p> 
<p style="text-align: justify;">Additionally, the weekly CoinShares reports on institutional investors’ entry and exit from the cryptocurrency markets provide insight. The latest report revealed that institutional investors withdrew a total of $16 million from the cryptocurrency markets last week. The announcement of these withdrawals could create new selling pressure on Bitcoin.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/bitcoin-price-drop-will-it-fall-below-40000/" data-wpel-link="internal">https://en.coin-turk.com/bitcoin-price-drop-will-it-fall-below-40000/</a>

Bitcoin Price Drop: Will It Fall Below $40,000?

Inhoudsopgave

COINTURK NEWS

Andere artikelen gepubliceerd op 18 dec 2023

Dogecoin Founder Had Another Crypto Project Before 2014; What Happened to It?

John Deaton Believes That 20% Of US Senate Are In Support Of Crypto Ban

Chainlink Price Lost Bullish Momentum; Will LINK Bounce Back?

Charles Hoskinson Stands Firm on XRP Remarks From a Year Ago

XRP Price Drops To $0.60 Mark As Whale Moves 25 Mln XRP, Will It Fall Further?

Crypto market on Christmas: historical trends and what to expect

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!