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Blockchain & Cryptocurrency
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Bitcoin's Struggle and Potential Amid Regulatory Uncertainty
2025-03-07 23:55:08
Blockchain
Finance
Regulation

Bitcoin's Struggle and Potential Amid Regulatory Uncertainty

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Bitcoin's price hovers near $90,000, buoyed by encouraging U.S. jobs data and supportive comments from Treasury Secretary Bessent. However, expectations are tempered by President Trump's recent executive order ahead of the White House Crypto Summit.

Traders are eyeing key price levels, with significant short liquidations noted between $90,000 and $94,000. Despite Bitcoin's past struggles to maintain above $90,000, analysts predict a potential breakout if it surpasses $93,750.

The broader cryptocurrency market has experienced mild declines, influenced by resurfacing inflation concerns. The upcoming summit has raised uncertainties, particularly regarding potential regulations and tax implications for investors.

Observers anticipate a possible new all-time high by June, contingent on favorable market conditions. As Bitcoin navigates these challenges, its future remains uncertain yet promising, hinging on both macroeconomic factors and regulatory developments.

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Bitcoin's Future Amidst Economic Uncertainty

As Bitcoin navigates turbulent waters, a potential surge looms on the horizon. With the US dollar hitting a four-month low, the global liquidity landscape increasingly favors cryptocurrencies. Upcoming events, such as the White House Crypto Summit, may catalyze significant movements in Bitcoin's price. Despite recent declines below $90K, experts remain optimistic about Bitcoin's long-term potential, forecasting prices that could reach $2 million by 2030, driven by institutional adoption and regulatory advancements. However, current market volatility, influenced by recession fears and geopolitical tensions, poses challenges. Analysts highlight the necessity for reduced uncertainty and a stable macroeconomic environment for Bitcoin to reclaim higher price levels. Institutions, once hesitant, are now poised to enter the Bitcoin market, suggesting a critical shift is underway. While the journey ahead is fraught with risks, Bitcoin's inherent scarcity and its growing acceptance as digital gold continue to attract interest from investors.

Bitcoin Faces Volatility Amid US Tariff Concerns and Market Shifts

Bitcoin's recent performance reflects a complex interplay of macroeconomic factors and market reactions. The cryptocurrency's struggle to stay above $90,000 has been exacerbated by US tariff fears, leading to net negative outflows from Bitcoin ETFs. This situation, highlighted by Bitget Research's Ryan Lee, limits the potential for a robust recovery. The market experienced a brief surge when Bitcoin surpassed $95,000, only to witness a decline, forming a double-top pattern around $94,200. Analysts like Iliya Kalchev emphasize the pressure from uncertain trade policies on Bitcoin's price. Further complicating the landscape was a historic $1.4 billion hack on Bybit, underscoring the vulnerability within the crypto space. In contrast, the possibility of US tariff rollbacks provided a temporary boost, with Bitcoin climbing above $90,000. Despite fluctuations, predictions about Bitcoin's future remain varied, with some seeing potential dips to $72,000, while others foresee a dramatic rise to $500,000 by 2028, fueled by institutional interest and pro-crypto policies. The market remains on edge, balancing between promise and instability, as geopolitical and economic factors continue to influence Bitcoin's trajectory.

Read 12 more recent news on this topic

The press radar on this topic:

Cointelegraph.com News
7. März 2025 um 00:00

Bitcoin leaps toward $90K as US jobs data offers pre-crypto summit boost

Cryptocurrencies & blockchain
Finance
Economy
Technology
Bitcoin holds near $90K as positive US jobs data and Treasury Secretary Bessent's pro-crypto comments provide pre-summit boost, though an executive order by President Trump has tempered expectations for the White House Crypto Summit. Trader Daan Crypto Trades sees potential for Bitcoin to follow a 2024-like consolidation pattern, while trader TheKingfisher notes massive short liquidations on Binance between $90K-$94K. Trader Patric H. identifies $92,500 as a key level. Data from Cointelegraph..
Cointelegraph.com News
7. März 2025 um 18:20

Bitcoin price all-time highs historically linked to US Dollar Index declines — Analyst

Cryptocurrencies & blockchain
Finance
Politics
Bitcoin price all-time highs linked to DXY declines, per Jamie Coutts. Volatility spiked, ahead of White House summit. Over 50,000 new wallets added, per Santiment. Cory Klippsten sees >50% chance of new high by June. Bitcoin struggled to trade above $90,000 since falling below $95,000 on Feb. 24.
Crypto.news
7. März 2025 um 14:08

Bitcoin price analysis: DXY, US bond yields crash, M2 money supply rises

Cryptocurrencies & blockchain
Finance
Economy
Technology
Bitcoin price faces pressure, but catalysts like falling US bond yields, crashing US dollar index, rising global M2 money supply, anticipated Federal Reserve interest rate cuts, weak economic data, labor market softening, falling consumer and business confidence, US tariffs on trading partners, Germany's defense spending plans, and China's spending plans may boost it. Bitcoin holds above key technical levels like ascending trendline since August, 50-day moving average, and Murrey Math Lines' w..
The Defiant
7. März 2025 um 18:22

Cryptocurrency Market Slips as Inflation Fears Resurface Ahead of Crypto Summit

Cryptocurrencies & blockchain
Finance
Economy
The cryptocurrency market posted mild losses on Friday, just hours before President Donald Trump’s White House Crypto Summit, as today’s macroeconomic data rekindled concerns about rising inflation.Bitcoin (BTC) dropped 1% in the past 24 hours, trading at $87,500, while Ethereum (ETH) fell 1.1% to $2,164. XRP plunged 4.2% to $2.45, and Solana (SOL) was flat at $144, according to CoinGecko.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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