«Main conclusions
Bitcoin fell below 110K $ before bouncing back after Powell's accommodative remarks on Fed policy.
K33 Research says that the recent deleveraging creates a favorable accumulation environment.
BTC miners have increased by more than 10% as investors see them as infrastructure elements for AI.
Analysts expect ETF inflows and easing policies to support Bitcoin in the medium term.
Bitcoin stabilizes after deleveraging
Bitcoin (BTC) and the entire cryptocurrency market finished lower on Tuesday but rebounded after hitting their lowest levels, as U.S. Federal Reserve Chairman Jerome Powell hinted that the central bank's tightening cycle might be nearing its end.
BTC dropped to an intraday low of 109,800 $ before rebounding to $112,461, a decrease of 2.8% over the last 24 hours, according to CoinDesk data. Ether (ETH) fell by 4% to $4,123, while BNB, XRP, and Dogecoin declined between 4% and 6%. The CoinDesk 20 index slipped by 3.2%. »
The market is in a phase of uncertainty between a sustained decline or a supported increase. All we can do now is to shop for as many assets as possible before a new all-time high (ATH).
