Altcoins News
By Jean-Luc Maracon
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Bitcoin hit $63,000 this Tuesday, a critical threshold that has many in the crypto world panicking.
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Jean Dupont from CryptoMarket Insights isn't mincing words. "We could see Bitcoin drop to $47,000 soon," he says bluntly.
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Trading platforms are seeing volumes explode, a sign that anxiety is spreading. Many Bitcoin holders are selling to limit their losses.
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And while Bitcoin is plummeting, investors are flocking to safe havens. Gold and bonds are back in vogue.
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Ethereum isn't escaping the turmoil, losing 15% in a week. Investors are worried about the repercussions on the entire crypto market.
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Binance has temporarily suspended Bitcoin withdrawals. Changpeng Zhao, the CEO, says it's due to high volatility. "We want to protect our users," he explains in a statement.
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Ark Invest, Cathie Wood's fund, remains confident nonetheless. The fund continues to accumulate digital assets.
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BlackRock is closely monitoring the situation. Larry Fink thinks the current volatility could offer long-term buying opportunities for savvy investors.
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Economist Nouriel Roubini isn't holding back. At a conference in London on February 23, he called the situation a "speculative bubble.
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George Soros's Quantum Fund is adjusting its strategy and reducing its Bitcoin exposure. A spokesperson confirmed this change on February 24, citing a more cautious approach in…
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Fidelity is strengthening its monitoring of digital assets. Tom Jessop, president of Fidelity Digital Assets, said during a conference call that the current volatility requires…
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CME Group has recorded a 30% increase in Bitcoin futures contracts compared to the previous week.
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European central banks have been closely watching Bitcoin's movements since their February meeting.
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MicroStrategy, one of the largest institutional holders of Bitcoin with nearly 130,000 bitcoins in its portfolio, sees its valuation mechanically drop.
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