The unpredictability generated by risk -raising fluctuations causes aversion to risk, which is reflected in the behavior of large ETF managers (ie, Bitcoin -traded funds) in the United States.
THE Bitcoin (BTC) It is negotiated at the house of $ 92,000, with a drop of almost 1% this morning of Thursday (24). The retreat is part of a movement of correction of the market of cryptocurrency After the earnings of the previous day.
In traditional marketsAsian bags closed with mixed results. Both the European market and the future of Wall Street operate in the red.
Investors continue to monitor the consequences of trade war among United States and the China.
“The movement is driven by signs of ‘active’ trade negotiations with China and the possibility of reducing 145% rates to something between 50% and 65%. However, uncertainties still persist about the deadline and the terms of this reduction,” André Franco, CEO of Boost Research.
For him, the movement reflects the correlation with risk assets, such as actions, instead of following the behavior of gold, which went up again after two days of falling.
“The absence of new macroeconomic or regulatory catalysts suggests that bitcoin should remain stable in the short term, with the possibility of recovery if risk appetite grows again or if commercial uncertainties persist,” says Franco.
See the performance of the ten largest cryptocurrencies in the world today:
| # | Name (symbol) | Price (USD) | Variation 24h (%) | Variation 7D (%) | YTD Variation (%) |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | US $ 92,614.25 | -1.15% | 9.26% | -0.84% |
| 2 | Ethereum (eth) | US $ 1,752.23 | -3.28% | 9.59% | -47.40% |
| 3 | TETHER (USDT) | US $ 1.00 | 0.01% | 0.04% | 0.22% |
| 4 | XRP (XRP) | US $ 2.16 | -4.59% | 2.64% | 4.03% |
| 5 | BNB (BNB) | US $ 597.68 | -2.38% | 1.83% | -14.74% |
| 6 | Solana (Sol) | US $ 148.19 | -2.43% | 10.68% | -21.69% |
| 7 | USDC (USDC) | $ 0.9999 | 0.01% | 0.00% | 0.00% |
| 8 | Dogecoin (doge) | US $ 0.1736 | -5.14% | 10.78% | -45.01% |
| 9 | Cardano (ADA) | $ 0.6896 | -2.11% | 11.26% | -18.26% |
| 10 | Tron (TRX) | $ 0.2446 | -0.62% | -1.42% | -3.75% |
Source: Coin Market Cap
Bitcoin’s great movements (BTC)
The unpredictability generated by risk -raising fluctuations causes aversion to risk, which is reflected in the behavior of large ETF managers (ie, Bitcoin -traded funds) in the United States.
A survey by Crypto Rank identified two moments of major movements by these investors: shortly after the approval of the first US Bitcoin ETFs in early 2024, and later, the same year, with the election of Donald Trump for the US presidency.
In the months between these events, the purchases of these investors remained relatively stable.
This standard suggests that institutional investors are mainly motivated by significant events that affect the market.
Possible future catalysts include the flexibility of Federal Reserve Monetary Policy, Bitcoin’s ETF approval in large markets such as Europe and Asia and advances in scalability or functionality of the Bitcoin network.
With the relatively empty agenda today, investors should wait for news about Donald Trump’s tariff policy.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
