Bitcoin ($BTC) Crypto Forecast: Down 0.7% Today

What is Bitcoin?

Bitcoin (BTC) is a popular cryptocurrency known for its decentralized nature and limited supply cap of 21 million coins. The market for cryptocurrencies is highly volatile, influenced by various factors including regulatory news, adoption trends, and macroeconomic events.

Why is Bitcoin going down?

BTC crypto is down 0.7% on Apr 2, 2025 21:11

• Bitcoin experienced a bearish movement today.
• President Trump's announcement of reciprocal tariffs may have spooked investors, leading to a sell-off in Bitcoin.
• The potential impact of global trade tensions on the cryptocurrency market could have contributed to the downward pressure on Bitcoin.
• While Grayscale's expansion of Bitcoin ETF offerings is a positive development, the overall market sentiment driven by geopolitical events overshadowed this news, resulting in the bearish movement of Bitcoin.

BTC Price Chart

BTC Technical Analysis

BTC News

Bitcoin Drops as Trump Pushes Forward With Global 'Reciprocal' Tariffs

Bitcoin Drops as Trump Pushes Forward With Global 'Reciprocal' Tariffs

https://decrypt.co/312998/bitcoin-drops-as-trump-pushes-with-auto-tariffs

President Donald Trump Announces Reciprocal Tariffs, What Next For Bitcoin?

President Donald Trump Announces Reciprocal Tariffs, What Next For Bitcoin?

https://coingape.com/president-donald-trump-reciprocal-tariffs-what-next-for-bitcoin/

Grayscale Expands Bitcoin ETF Offerings With Two Covered Call Funds

Grayscale Expands Bitcoin ETF Offerings With Two Covered Call Funds

https://news.bitcoin.com/grayscale-expands-bitcoin-etf-offerings-with-two-covered-call-funds/

What's Going On With Hyperscale Shares Wednesday?

What's Going On With Hyperscale Shares Wednesday?

https://www.benzinga.com/trading-ideas/movers/25/04/44615661/whats-going-on-with-hyperscale-shares-wednesday?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

West Virginia's BTC reserve bill is 'freedom' from a CBDC - State Senator

West Virginia's Bitcoin ( BTC ) strategic reserve bill would give the state more sovereignty from the federal government and freedom from a potential central bank digital currency ( CBDC ) , State Senator Chris Rose told Cointelegraph in an exclusive interview."You hear these rumors that there ...

https://cointelegraph.com/news/west-virginia-s-btc-reserve-bill-freedom-from-a-cbdc-state-senator

Trending Today

Sonic (prev. FTM) ($S) Crypto Forecast: Down 5.0% Today

Avalanche ($AVAX) Crypto Forecast: Down 5.2% Today

Solana ($SOL) Crypto Forecast: Down 5.5% Today

EOS ($EOS) Crypto Forecast: Up 16.4% Today

Ethereum ($ETH) Crypto Forecast: Down 5.8% Today

yearn.finance ($YFI) Crypto Forecast: Down 5.2% Today

ZCash ($ZEC) Crypto Forecast: Down 5.2% Today

Shiba Inu ($SHIB) Crypto Forecast: Down 5.3% Today

Toncoin ($TON) Crypto Forecast: Down 5.0% Today

Ethereum Classic ($ETC) Crypto Forecast: Down 5.2% Today

Bitcoin Price History

19.02.2025 - BTC Crypto was up 5.0%

• The bullish movement in Bitcoin today can be attributed to multiple factors:
• President Trump's support for cryptocurrencies and his reported address at a crypto summit could have boosted investor confidence in the digital asset.
• The news of U.S. Congress considering a bill for a 1 million Bitcoin strategic reserve might have created a positive sentiment around Bitcoin's future adoption and value.
• The purchase of $512 million worth of BTC by Blackrock-led ETFs just before a US Fed decision indicates growing institutional interest in Bitcoin, potentially driving up its price.
• Analysts suggesting that Bitcoin and Ethereum have likely finished their correction phase and are poised for a technical setup could have encouraged traders to enter or hold their positions, contributing to the bullish movement.

19.02.2025 - BTC Crypto was up 5.0%

• BTC experienced a strong bullish movement recently.
• Blackrock-led ETFs buying $512M BTC just before the US Fed decision could have signaled confidence in the cryptocurrency, leading to increased demand and driving up prices.
• Analysts suggesting that Bitcoin and Ethereum have finished their correction phase could have instilled optimism in investors, prompting them to buy back into the market.
• The news of a strategy planning a $500M preferred stock sale to fund Bitcoin purchases might have further boosted market sentiment, indicating institutional interest in cryptocurrencies.
• The anticipation of potential regulatory clarity could have also contributed to the positive market movement, as clear regulations could attract more institutional investors and mainstream adoption.

14.02.2025 - BTC Crypto was up 5.0%

• Criticism of Bitcoin in favor of gold has stirred debate in the crypto community, potentially driving increased interest and investment in Bitcoin.
• The uptick in large-cap altcoins post-crash may have boosted overall market sentiment, including for Bitcoin, resulting in a price increase.
• The introduction of a Bitcoin Corporate Treasury Convertible Bond ETF could have enticed institutional investors to enter the Bitcoin market, contributing to its upward movement.
• A positive price forecast for Bitcoin, along with remarks on addressing market inefficiencies, likely bolstered investor confidence and led to a surge in Bitcoin's price.

14.02.2025 - BTC Crypto was up 5.0%

• The bullish movement of Bitcoin today is attributed to positive technical analysis showing a reclaim of $84,000, boosting investor confidence.
• The news of the Bitcoin landfill guy's UK appeal loss and plans for a human rights case had minimal impact on market movement.
• The focus on alternative cryptocurrencies like Solana, Cardano, JetBolt, and XRP may have diverted some attention from Bitcoin, but it maintained its bullish momentum.
• CoinEx's potential to disrupt the crypto exchange industry could draw more attention to cryptocurrencies, benefiting market leaders like Bitcoin.

14.02.2025 - BTC Crypto was up 5.1%

• A decision to resume buying Bitcoin with a significant investment of $25 million could have instilled confidence in the market and attracted more investors, contributing to the bullish movement.
• The acquisition of a large amount of BTC by whales indicates strong institutional interest and may have further fueled the positive sentiment surrounding Bitcoin.
• Bitcoin rallying above $84,000 amidst a broader crypto market rebound suggests growing optimism and renewed investor interest in digital assets.
• The surge in Bitcoin's price to $85,000, driven by escalating inflation expectations, highlights the cryptocurrency's appeal as a hedge against inflation and economic uncertainty, attracting more investors to the market.

14.02.2025 - BTC Crypto was up 5.1%

• The bullish movement in BTC today can be attributed to the liquidation of $43 million in short positions in just 4 hours, indicating a strong surge in buying pressure.
• The shift in Wall Street's sentiment towards cryptocurrencies from doubt to major investment might have also contributed to the positive momentum in BTC.
• Discussions on the best altcoins to invest in and the top cryptos growing massively this quarter could have sparked renewed interest and investment inflows into the broader cryptocurrency market, benefiting BTC as a leader in the space.

14.02.2025 - BTC Crypto was up 5.0%

• Despite warnings of potential crashes, Bitcoin defied the odds and surged upwards, showcasing its resilience in the face of uncertainty.
• The emergence of $27 million worth of Bitcoin from 2013 time capsules may have sparked renewed interest and investment in the cryptocurrency, contributing to its bullish momentum.
• The overall positive sentiment in the cryptocurrency market, as seen in the rally of other major tokens like Ethereum, XRP, and Dogecoin, likely provided additional support for Bitcoin's upward trajectory.
• The question now remains whether Bitcoin can maintain its current price levels and potentially push towards $90,000, as investors closely monitor market dynamics and key indicators for further clues on its future performance.

14.02.2025 - BTC Crypto was up 5.3%

• The bullish movement of BTC could be attributed to Bitcoin and Ethereum outperforming the S&P 500 since 2020, showcasing their resilience and attractiveness to investors in uncertain times.
• The use of Bitcoin, Ethereum, and USDT by Russia to bypass Western sanctions and trade for oil might have added to the positive sentiment around cryptocurrencies, increasing their utility and adoption.
• David Sacks selling a significant amount of Bitcoin and Ether before taking on a new role could have initially caused some uncertainty, but the market quickly shrugged off this news and focused on the broader positive trends in the crypto space.

14.02.2025 - BTC Crypto was up 5.1%

• A White House official selling $200M in Bitcoin and other digital assets may have initially caused some uncertainty in the market, but the bullish movement indicates that investors are still confident in BTC.
• Rumors of a country utilizing Bitcoin, Ethereum, and USDT to sidestep sanctions could have brought attention to the utility and potential of cryptocurrencies, driving up demand for BTC.
• The increasing use of Bitcoin and stablecoins for dedollarization purposes suggests a shift away from traditional fiat currencies, leading to heightened interest and investment in BTC.
• Despite concerns from critics about Bitcoin's longevity compared to gold, the recovery in large-cap altcoins post-crash shows market resilience and investor optimism, contributing to BTC's bullish movement.

14.02.2025 - BTC Crypto was up 5.2%

• The bullish movement of Bitcoin today can be attributed to a combination of factors:
• Decision to resume buying Bitcoin with a fresh $25 million investment may have instilled confidence in the market.
• The liquidation of $43 million in short positions within a short time frame indicates a strong bullish sentiment among investors.
• The fading selling pressure on Bitcoin, coupled with whales acquiring a significant amount of BTC, suggests a shift towards accumulation and a potential price recovery towards $90,000.
• The overall positive market sentiment and increased institutional interest in Bitcoin may have contributed to the bullish movement observed today.

02.03.2025 - BTC Crypto was down 0.7%

• Bitcoin experienced a bearish movement today.
• President Trump's announcement of reciprocal tariffs may have spooked investors, leading to a sell-off in Bitcoin.
• The potential impact of global trade tensions on the cryptocurrency market could have contributed to the downward pressure on Bitcoin.
• While Grayscale's expansion of Bitcoin ETF offerings is a positive development, the overall market sentiment driven by geopolitical events overshadowed this news, resulting in the bearish movement of Bitcoin.

12.02.2025 - BTC Crypto was up 5.1%

• The bullish movement of BTC today can be attributed to the overall decline in the US Dollar and crashing yields, providing a lifeline for risk assets like cryptocurrencies.
• Traders of other cryptocurrencies such as ETH, ADA, and XRP may have panicked ahead of Mt. Gox's $930M BTC repayments, leading them to shift their focus towards BTC.
• The increasing prices of Bitcoin, XRP, Dogecoin, and Cardano today could be a result of positive market sentiment and possibly a response to the decline in the US Dollar.
• Despite retail traders betting big on BTC, the movement may still be influenced by whales in the market, raising questions about the sustainability of the bullish trend.