Coaching Lyon Annecy » Bitcointitle_li=bitcoin pricetitle_li=Cryptocurrencytitle_li=Financetitle_li=investment » Amazing ! The price of Bitcoin reached $69,000 before suddenly collapsing. Don’t miss the reasons for this incredible rise and dizzying fall. All the details are here !

Amazing ! The price of Bitcoin reached $69,000 before suddenly collapsing. Don’t miss the reasons for this incredible rise and dizzying fall. All the details are here !

Record Rise and Collapse of Bitcoin

The Bitcoin market has seen remarkable volatility recently. After reaching a record value of more than $69,000 in early March, it experienced a steep fall, reflecting a still unstable but growth-oriented dynamic.

Impressive Trajectory and Sudden Crash

In just thirty days, Bitcoin has seen a spectacular increase of over 60%. This exponential growth is partly attributed to the advent of cash-based ETFs in the United States. This meteoric rise allowed Bitcoin to set a new record, contradicting the skeptical opinion of the European Central Bank which described this virtual currency as a “failure”. However, shortly after reaching this peak, Bitcoin suffered a drop of over 10%, impacting leveraged trading markets, with almost $1 billion liquidated. Subsequently, the price readjusted around $65,000.

The World of Bitcoin after the Summit

This decline may have served to clean up the high-risk speculation market. However, fundamental indicators show that this digital currency is far from having reached its ceiling. According to Glassnode’s analyses, there is a shortage of Bitcoin on private markets, which reflects increasing pressure on the available supply in the face of significant demand.

Future Dynamics and Influence Factors

A key event to anticipate is “halving,” a process built into Bitcoin’s programming that halves the production of new tokens every four years. Historically, the price has seen an increase after each halving. With the next halving approaching, the daily creation of Bitcoin will be reduced from 900 to 450. This period preceding the halving is already marked by an increase in valuation due to increased demand following the deployment of ETFs.

Key Events Impacting the Value of Bitcoin

Another element that could increase pressure on cryptocurrency is the renewed interest in Ordinals. These are non-fungible tokens (NFTs) registered on the Bitcoin blockchain. After a period of slow trading, the market recently saw a rebound with nearly $170 million in transactions. Ethereum, often associated with Bitcoin, benefits indirectly from this trend and is on track to return to its previous peak. It also raises expectations about its potential for integration into ETFs and an expected decision from the SEC.

The evolution of cryptocurrencies is therefore influenced by many factors, ranging from intrinsic technical mechanisms to investors’ enthusiasm for the new possibilities offered by blockchain technology. This reflects sustained interest despite volatility. Investors, like Paul, therefore remain vigilant and monitor the warning signs of major movements to optimize their investment strategies.

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