Technical Signals: 🔴 Bearish crossover forming: MA(7) has crossed below MA(25) ⚠️ Price dropped below MA(25): Potential short-term weakness 🟣 Support holding near MA(99): Watch $1,810 for bounce or breakdown 📉 Recent rejection from $1,873 — local resistance to watch
Possible Scenarios: • Bullish: If ETH reclaims $1,840+ (MA25), a retest of $1,870 is possible • Bearish: Breaking below $1,810 could trigger a drop toward $1,786 or lower
As risk appetite in the financial markets heats up again, Bitcoin is once again approaching the $100,000 mark.
Due to Trump's tariff policies triggering a sharp decline in the stock and digital asset markets, Bitcoin has faced downward pressure in recent weeks. On January 20, the day Trump was inaugurated as the U.S. president for the second time, Bitcoin's price hit an all-time high of approximately $109,000, before dropping as much as 30%.
Bitcoin briefly rose 3.1% to $97,483, the highest level since February 21. The last time Bitcoin reached $100,000 was on February 7. Many smaller tokens saw even larger gains on Thursday, with Dogecoin rising 4.8% and Ethereum increasing by 3.3%.
This round of Bitcoin's rise is accompanied by an increase in the spot market, while demand for derivatives commonly used for leverage remains sluggish, indicating that Bitcoin's price has shifted from being driven by macroeconomic factors such as inflation and tariffs to being driven by momentum trading.
Last week, inflows into Bitcoin and Ethereum exchange-traded funds (ETFs) exceeded $3.2 billion.
As risk appetite in the financial markets heats up again, Bitcoin is once again approaching the $100,000 mark.
Due to Trump's tariff policies triggering a sharp decline in the stock and digital asset markets, Bitcoin has faced downward pressure in recent weeks. On January 20, the day Trump was inaugurated as the U.S. president for the second time, Bitcoin's price hit an all-time high of approximately $109,000, before dropping as much as 30%.
Bitcoin briefly rose 3.1% to $97,483, the highest level since February 21. The last time Bitcoin reached $100,000 was on February 7. Many smaller tokens saw even larger gains on Thursday, with Dogecoin rising 4.8% and Ethereum increasing by 3.3%.
This round of Bitcoin's rise is accompanied by an increase in the spot market, while demand for derivatives commonly used for leverage remains sluggish, indicating that Bitcoin's price has shifted from being driven by macroeconomic factors such as inflation and tariffs to being driven by momentum trading.
Last week, inflows into Bitcoin and Ethereum exchange-traded funds (ETFs) exceeded $3.2 billion.
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BNB Update Today – 2 May 2025 Price Action: BNB is showing strong support near $540 and facing resistance around $570. A breakout above this could push it toward $600+ soon!
BNB Update Today – 2 May 2025 Price Action: BNB is showing strong support near $540 and facing resistance around $570. A breakout above this could push it toward $600+ soon!