NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Price Trends Below $17,000, What’s Ahead For The Crypto King?

Denis
Denis
2 years ago
2 mins read
bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

[vc_row][vc_column][vc_column_text]The Bitcoin and crypto market has been volatile for most of 2022. Judging from the prolonged bear market, most experts were optimistic that it was close to an exit point. However, recent trends in the crypto world and macro-financial activities have prolonged the downtrend.

The feds’ rate hike continues to affect crypto assets adversely. XRP’s case with the SEC also has hurt crypto holdings. With their recent victory over crypto giants LBRY, the XRP case is viewed with anxiety.

XRP and LBRY cases bear striking similarities, although the XRP’s legal team has expressed confidence in their chances.

Related Reading

Tom Brady Sam Bankman Fried FTX FTT

Tom Brady, Gisele Bundchen And Sam Bankman-Fried Sued Over FTX Collapse

2 years ago

More recently, FTX’s collapse has also sent investors into a withdrawal frenzy, preferring to hold their assets. In addition, trust in central exchanges is now at an all-time low and has called to question the legitimacy of cryptocurrencies.

In the past 24 hours, prices of cryptocurrencies have significantly changed, with changes recorded in most projects.

Bitcoin’s Price Drama

BTC price recorded a brief bullish rally credited to the tweets of Elon Musk and Binance’s CEO Changpeng Zhao. Zhao talked about creating an industry recovery fund to help crypto projects that are strong but face liquidity problems.

This announcement comes on the heels of the FTX disaster and Binance’s proposed bailout that was suspended.

Elon Musk had responded to a tweet from Michael Saylor about converting his Tesla holdings to Bitcoin and its positive effect on the Market. The Twitter exchange between the two entrepreneurs created a brief rally for the world’s number one cryptocurrency.

Bitcoin’s price recorded an intraday high of $17,190. However, it could not withstand the resistance and succumbed to bearish pressure falling to $16,191 subsequently. BTC’s price has slightly recovered and is currently trading at $16,713.

The total market capitalization for crypto is around the $890 billion mark. These figures show a $10 billion increase in the market cap. However, Bitcoin’s dominance took a hit and is currently at 36.6%.

With the current volatile market phase, investors will likely proceed cautiously as events unravel. However, Bitcoin will likely lead the rally if the prices recover in the coming days.

Bitcoin Price Performance

Bitcoin’s recent price performance shows that the coin is observing a price downtrend. The FTX collapse might also have aided this downward spiral. Investors have gone short on losing positions to cut losses and prevent total bankruptcy.

Related Reading

Bitcoin 7-Day Volatility Comes Alive As FTX Collapse Shakes Market

2 years ago

Bitcoin’s current support levels are at $16,265 and $16,404.8. However, market volatility will have a say in Bitcoin price, with the coin crossing the critical pivot point of 16541.7.

Bitcoin Price Trends Below $17,000, What's Ahead For The Crypto King?
Bitcoin price declines by 1% on the candle l BTCUSDT on Tradingview.com

The MacD indicator clearly shows Bitcoin’s brief rally and descent into a complete bearish phase. The volatility is high, and a risky investment for investors since a further drop is still likely.

The SMA 50 and 200 also reflect the bearish trend of BTC and will likely continue their descent on the chart. It is not likely that bitcoin will go on a bullish spree.

Featured image from Pixabay, chart from TradingView.com

[/vc_column_text][/vc_column][/vc_row]

Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Nie czekaj, aż Bitcoin osiągnie 150 000 dolarów — te 3 altcoiny mogą zamienić 100 dolarów w 10 000 w pierwszym kwartale 2025 roku.

Gdy Bitcoin przekroczył próg 100 000 dolarów, inwestorzy zwracają uwagę na altcoiny, które mogą zaoferować jeszcze większe zyski. Byczy impet...

Zieliński Michał 6 hours ago

Altcoiny na sledovanie v roku 2025: Potenciál na viac ako 100 % ročný rast

Ako Bitcoin pokračuje vo svojom býčom trende a prekonáva hranicu 100 000 dolárov, pričom priťahuje záujem inštitucionálnych investorov, čoraz viac...

Kováč Martin 6 hours ago
Ne várj addig, míg a Bitcoin eléri a $150k — ezek a 3 altcoin már az első negyedévben 100 dollárt 10 000 dollárrá változtathatja 2025-ben

Ne várj addig, míg a Bitcoin eléri a $150k — ezek a 3 altcoin már az első negyedévben 100 dollárt 10 000 dollárrá változtathatja 2025-ben

Ne várj a Bitcoin 150 000 dolláros szintjére — ezek a 3 altcoin akár 100 dollárt is 10 000 dollárrá...

Kovács Bálint 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Network Activity Booming Despite A Quiet Market—Data

Christian Encila 34 minutes ago
Solana

Solana’s Old Hands Are Moving—Is Trouble Brewing?

Keshav Verma 2 hours ago
Bitcoin

From Wall Street To Red Square: Moscow Exchange Lists BlackRock Bitcoin Futures

Christian Encila 3 hours ago

Premium Sponsors

Top Brands

Press Releases

  • BTC Mining Simplified: Transform Your Phone into a Daily...

    4 hours ago
  • DOGE, XRP holders reveal secrets of making $27,570 in daily...

    12 hours ago
  • What to Invest in Right Now? Discover the Best Way to...

    12 hours ago
  • How to Make $10,000 a Day Use your phone or computer to...

    13 hours ago
  • ETHRANSACTION increases ETH transactions, allowing holders...

    13 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.