FMP
Parth Sanghvi
6 days ago
The Bitcoin rally has fueled intense bullish sentiment, but BCA Research warns that investors should proceed with caution rather than chase the surge. Why BCA Research Is Cautious 1. Signs of Excessive Speculation Memecoin Frenzy: The rise of speculative tokens like $TRUMP and $MELANIA is a classic indicator of irrational market exuberance. Record-Breaking Bitcoin ETF Inflows: While positive in the long run, extreme ETF demand can signal short-term overheating. Retail FOMO (Fear of Missin...
Parth Sanghvi
7 days ago
Bitcoin (BTC) climbed 2.1% to $97,311 on Monday after suffering a sharp drop over the weekend, as investors navigated trade tariff concerns and awaited key U.S. inflation data. Key Market Drivers 📌 Bitcoin’s Weekend Pullback 🔻 BTC fell over 4% last week due to U.S.-China trade tensions, leading to liquidity concerns. 🔻 Investors turned risk-averse, avoiding speculative assets like crypto. 🔻 Sticky inflation concerns and high-for-longer interest rates pressured BTC. 📌 Bitcoin’s R...
Parth Sanghvi
Feb 5, 2025
Bitcoin and other major cryptocurrencies rallied on Tuesday, as U.S. President Donald Trump postponed tariffs on Canada and Mexico by 30 days, easing market concerns. Bitcoin Price Action ✔ Bitcoin (BTC): +2% to $99,142 at 10:36 ET. ✔ Ethereum (ETH): +3% to $2,786.93. ✔ Bitcoin briefly surged past $100,000 on Monday evening post-announcement. Why the Crypto Market Recovered 🔹 Trade Tension Eased – The 25% tariff on Canada/Mexico & 10% China levy had triggered a broad risk-off se...
Parth Sanghvi
Feb 5, 2025
Cryptocurrency markets have historically exhibited a strong correlation with equities, acting as a risk asset during macroeconomic turbulence. However, as the digital asset ecosystem matures, Citi Research strategists expect this correlation to weaken, leading to more independent price movements driven by market-specific factors. Declining Correlation with Equities The speculative nature of cryptocurrencies, particularly during "risk-off" market conditions, has often resulted in heightened...
Parth Sanghvi
Feb 4, 2025
Bitcoin and other major cryptocurrencies tumbled on Monday as U.S. trade tensions sparked a broader market sell-off. 🔹 Crypto Market Reaction 📉 Bitcoin fell 2.5%, hitting $96,749, with an intraday low of $91,69.80—the lowest in three weeks. 📉 Ethereum plunged 18% to $2,567.26, levels unseen since early November. 🔹 Why Are Cryptos Falling? Trump’s tariffs (25% on Mexico & Canada, 10% on China) → Rising inflation fears. Risk-off sentiment → Investors pulling out of volatile assets,...
Parth Sanghvi
Feb 4, 2025
Bitcoin and other major cryptocurrencies fell sharply on Monday as renewed trade tensions stemming from U.S. President Donald Trump’s latest tariffs on China, Canada, and Mexico triggered a broader risk-off sentiment in global markets. Bitcoin’s Reaction to Trade War Jitters The world’s largest cryptocurrency dropped nearly 4% to $96,038.0 as of 04:32 ET (09:32 GMT). The decline came as investors reassessed their positions in risk assets following Trump’s decision to impose tariffs, partic...
Parth Sanghvi
Feb 3, 2025
Bitcoin experienced a significant drop on Monday, reflecting a broader downturn in cryptocurrency prices as risk appetite was hit by former U.S. President Donald Trump imposing trade tariffs on China, Canada, and Mexico. Market Reaction to Tariff Hike Losses in the crypto market followed an over 1.5% slump in Wall Street futures, as traders braced for a renewed trade war. Trump announced a 25% import duty on Canada and Mexico and a 10% tariff on China, prompting all three nations to vow re...
Parth Sanghvi
Jan 28, 2025
Bitcoin rebounded on Tuesday, recovering from Monday’s dip below the critical $100,000 mark. The world’s largest cryptocurrency rose 2.7%, trading at $103,036.4 by early morning, as bargain hunters swooped in to capitalize on the drop. However, fears of a broader market rout tied to artificial intelligence and global economic uncertainty kept traders cautious. AI Fears Weigh on Markets The crypto market has not been immune to the turbulence emanating from Wall Street. The selloff in major ...