Bitcoin price at a crossroads: is a crypto winter looming or a rebound near?
Bitcoin is currently worth around $83,793.85, marking a 2.47% decline over the past 24 hours, despite still being up 8.39% over the past week.
While Bitcoin’s (BTC) pullback might appear minor in the broader scheme, deeper market signals hint at something more complex brewing beneath the surface, possibly the onset of a new crypto winter.
Coinbase’s recent report outlines a cocktail of bearish indicators: global tariff escalations, reduced risk appetite in equities, and a notable 41% drop in the total crypto market cap (excluding BTC) from its December 2024 highs. The figure now sits at $950 billion, which is even lower than most periods between August 2021 and April 2022.#BTCRebound #USChinaTensions #BNBChainMeme #TRXETF #FederalReserveIndependence $BTC $ETH $BNB