Bitcoin has shown remarkable resilience, trading above $100,000 despite a 3% decline in the NASDAQ triggered by concerns over China’s AI advancements. Analysts describe this strength as “extremely bullish,” noting Bitcoin’s recovery of nearly $5,000 since dipping to $97,777. While the stock market reflects fear with a Fear & Greed Index of 44, the crypto market indicates greed at 72, suggesting potential for further gains as BTC enters a parabolic phase, with projections of reaching up to $400,000 by November 2025.
about Bitcoin Resilient Amid NASDAQ Decline Analysts Predict Further GainsKeith
0 posts last weekBitcoin shows bullish momentum amid stock market uncertainty and potential price surge
Bitcoin has shown strong resilience, reclaiming the $102,000 mark amid a downturn in US stock markets, with analysts labeling the price action as “extremely bullish.” The cryptocurrency has outperformed the NASDAQ, gaining over $5,000 since local lows, while sentiment in crypto remains optimistic compared to the prevailing fear in stocks. Traders anticipate a potential bull market resurgence, with indicators suggesting Bitcoin is poised for a significant upward move.
about Bitcoin shows bullish momentum amid stock market uncertainty and potential price surgeStock Futures Steady as S&P 500 Approaches Record Highs
Stock futures were little changed as the S&P 500 approached record highs, following a three-day winning streak. The index gained 0.61% on Wednesday, buoyed by optimism over potential tax cuts and strong earnings reports, including a notable rise in Netflix shares. However, Electronic Arts faced a setback, cutting its net bookings guidance, leading to a more than 10% drop in after-hours trading.
about Stock Futures Steady as S&P 500 Approaches Record HighsBitcoin price volatility amid Fed rate cut concerns and labor market data
Bitcoin experienced a 1.5% drop to $93,966 amid concerns over the Federal Reserve’s interest rate cuts following strong December nonfarm payroll data. The labor market’s resilience diminished expectations for liquidity inflows into crypto, with support levels now identified at $88,000 and $90,000. Despite the volatility, analysts noted a bullish divergence on the RSI, suggesting a potential price reversal could be on the horizon.
about Bitcoin price volatility amid Fed rate cut concerns and labor market dataStock Market Update Bitcoin Rises MicroStrategy and Unity Software Surge
Dow futures indicate a positive start, with MicroStrategy shares rising nearly 6% as Bitcoin gains 2% to around $96,500. Coinbase Global is up over 4%, while Tesla stock increases by 1.2% ahead of fourth-quarter delivery data. NIO shares add 1% following a 73% sales increase in December, but SoFi Technologies falls 2.5% after a downgrade. Unity Software sees an 8% jump linked to a social media post by Roaring Kitty.
about Stock Market Update Bitcoin Rises MicroStrategy and Unity Software Surge