Bitcoin Struggles To Breach $40,000 Level, Down 4% In Last 24 Hours

newsbtcPublicado em 2022-04-24Última atualização em 2022-04-25

Resumo

Bitcoin isn’t the king of cryptocurrency for nothing. Most major cryptocurrencies have dipped incredibly low on Saturday, and that includes Bitcoin (BTC) but it doesn’t seem to budge.
Bitcoin was trading at $39,510 late Friday, down 4%, based on charts by Coingecko, which signals dangerous waters in trading. Traders have incurred monumental losses in equity with this trend.
It’s a consolation though that right now Bitcoin and other cryptocurrencies are frequently linked to stocks in terms of volatility in interest rates and market values.
The Big 4% Dip for Bitcoin
Four percent might be too small to matter but it does to Bitcoin and all other cryptocurrencies. With that big dip, investors and traders are increasingly aware of the risks and have decided to wait on the sidelines and see what happens next rather than risk severe losses along the way.
However, not taking action at the right time can hurt and decrease market returns.
Altcoins also went further down compared to Bitcoin. Fundamentally, it is typical for altcoins to underperform when pitted with other cryptocurrencies especially BTC because it has a higher risk profile in comparison to BTC.
Despite Dip, Bitcoin Remains Stable
On a more positive note, technical indicators have shown that Bitcoin is meant to be more stable at $38,500 even with the reduced price momentum. Traders are always on the lookout for unexpected spikes in prices so the downtrend with BTC may make it entirely painstaking for options traders to generate profit in these erratic price swings.

BTC total market cap at $755. billion on the weekend chart | Source: TradingView.com
Current trends circling the crypto and metaverse worlds can greatly impact how traders behave. For instance, when BitMEX co-founder Arthur Hayes said that there is an impending BTC price crash looking at around $30,000, there followed traders selling their BTC.
This caused traders to sell their May and June option calls like crazy causing the risk reversals to drop from -6% to about -10% for both Bitcoin and Ethereum.
Still A Bullish Trend
With Bitcoin’s lowest low registering the past couple of days, this also highlights the minimized bearish sentiment on the side of options traders. Traders being cautious at this point in time are fairly predictable.
Overall, the global cryptocurrency market trading activities have been significantly reduced at $1.88 with very minimal gains seen in the last 24 hours. Even so, the total trading volume rose to around 18%.
While the very strict monetary policy has negatively impacted speculative assets like cryptocurrencies and stocks, the indicators clearly show that it will stay bullish for a little while.

Leituras Relacionadas

Crypto Billionaires Rally Behind Nigel Farage As Political Stakes Rise

Reform UK’s fundraising surged sixfold in early 2026, raising $12.5 million—more than any other British party—largely driven by two major crypto donors. Christopher Harborne (Tether stakeholder) donated $4 million, while Ben Delo (BitMEX co-founder) gave $5.4 million. This combined $9.4 million surpassed the roughly $5.4 million each raised by Labour and the Conservatives. Nigel Farage, Reform’s leader, has actively courted crypto support, advocating for lower crypto taxes and a Bitcoin reserve. Meanwhile, a separate $6.7 million personal gift from Harborne to Farage is under parliamentary inquiry regarding its declaration. Reform’s rise, fueled significantly by crypto-linked donations, marks a major shift in UK political financing.

bitcoinistHá 3m

Crypto Billionaires Rally Behind Nigel Farage As Political Stakes Rise

bitcoinistHá 3m

BREAKING – Michael Saylor Tries To Cool Bitcoin’s Internal Rivalries — But Can He?

In a new paper, Michael Saylor addresses internal tensions within the Bitcoin community by identifying four primary camps: Maximalists, who view it as sound money; Capitalists, focused on institutional integration; Technologists, pushing protocol upgrades; and Fundamentalists, prioritizing decentralization and self-custody. Saylor argues these divisions reflect Bitcoin's maturation into a broader financial system, reaching individuals, companies, and governments, rather than signaling collapse. He suggests Bitcoin can maintain its core protocol while supporting growth in surrounding financial markets and products. This analysis comes amid market pressure on his company, MicroStrategy, following its first Bitcoin sale since 2022. The central question remains whether Saylor can mediate these rivalries rooted in money, politics, and principle.

bitcoinistHá 1h

BREAKING – Michael Saylor Tries To Cool Bitcoin’s Internal Rivalries — But Can He?

bitcoinistHá 1h

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

Cardano founder Charles Hoskinson dismissed rumors of his departure, clarifying in a June 4 livestream that he is only stepping back from public communication, not resigning from the project. This followed community concern after his "taking a break" post on X. Hoskinson cited an unsustainable level of online toxicity, with nearly one-third of replies to his posts being hostile or abusive, making meaningful engagement nearly impossible. While acknowledging X's role in crypto information flow, he stated the psychological cost is too high. He emphasized his focus remains on technological development like RealFi, Midnight, and research, not on ADA's price. Hoskinson described a "tale of two Cardanos": significant protocol advancements versus poor market performance leading critics to label it a failure. He called for the community to resolve this dissonance by moving discussions away from X, rethinking incentives, and developing a new shared roadmap. He was critical of the Cardano Foundation's lack of accountability. Hoskinson announced he will take time away from public videos and social media to reflect, but will continue working on Midnight. He stated he will only engage in channels where he is treated with respect and dignity.

bitcoinistHá 3h

Hoskinson Denies Cardano Exit Rumors: ‘I’m Not Leaving’

bitcoinistHá 3h

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

The Federal Open Market Committee (FOMC) is scheduled to meet on June 16-17, with markets widely expecting the Fed to maintain interest rates at their current level of 3.5-3.75%. According to the CME FedWatch Tool, there is a 99.4% probability of rates remaining unchanged. The outcome of this meeting is anticipated to impact Bitcoin's price. If rates are held steady, Bitcoin's current market trajectory is likely to continue unchanged. Conversely, an unexpected rate hike could trigger bearish sentiment by reducing investor risk appetite and market liquidity, potentially leading to sell-offs. A rate cut, though currently considered improbable, would be the most bullish scenario, encouraging investment in risk assets like Bitcoin and potentially driving its price higher.

bitcoinistHá 4h

There’s An FOMC Meeting Scheduled This Month, But Will The Fed Decision Affect Bitcoin?

bitcoinistHá 4h

Anthropic's IPO Launch: Commercial Miracle or Valuation Bubble?

Anthropic has confidentially filed for an IPO, led by Morgan Stanley and Goldman Sachs, potentially going public by October. Following its latest $650 billion funding round, its pre-IPO valuation stands at $965 billion, with projections reaching up to $2 trillion at listing, which would make it the highest-valued private company ever. The article, written by Fu Sheng, addresses skepticism that this represents an AI bubble akin to the 2000 dot-com crash. It argues the current situation differs fundamentally. Unlike the internet bubble era, which relied on speculative narratives with little revenue, Anthropic's valuation is backed by unprecedented, measurable financial performance. Key data points include: * **Revenue Growth:** ARR skyrocketed from $10 billion in early 2025 to $470 billion by May 2026, targeting $100 billion by year-end—a growth curve unmatched in business history. * **Profitability:** It achieved operating profitability in Q2 2026 with an estimated $5.6 billion profit. * **Efficiency:** With ~3,000 employees and ~$470 billion ARR, its revenue per employee exceeds $10 million. Products like Claude Code, launched less than a year ago, already generate $25 billion in annualized revenue. * **Enterprise Adoption:** It boasts a strong enterprise client base, with 8 of the Fortune 10 and over 1,000 large firms spending over $1 million annually on Claude. The valuation is framed using a traditional SaaS model (e.g., a 10x Price-to-Sales multiple on $100 billion revenue). The author contends the core question for analysts has shifted from "How big could this be?" to "How much is it earning and will earn next quarter?" The discussion extends beyond Anthropic to a broader paradigm shift: the transition from a "carbon-based" to a "silicon-based" economy. Companies are increasingly prioritizing investment in compute and AI capabilities over human resources, as these directly scale productivity and competitive advantage. Anthropic's IPO is thus positioned not just as a corporate milestone, but as a price anchor for this new economic era.

链捕手Há 4h