Bitcoin (BTC) continues its sideways course. The original Cryptocurrency has met significant obstacles this year. The asset hit a maximum of $ 108,786 on January 20, 2025. BTC has met a pretty dip since its peak. BTC’s price is down 0.3% in the weekly charts, 2.3% in the 14-day diagrams and 10.7% compared to the previous month. Despite the dip, the asset has won 0.4% in the daily charts and 82.5% since February 2024.
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Cryptocurrency Market continues to loss
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The latest market dip comes after the Libra Memecoin accounts. The project’s connection to Argentine President Javier Milei may have led to a dip in the feeling of investors. The president has denied promoting the coin. Bitcoin (BTC) met significant outflows after the wave Debtakel. Soana (sun) got some of the heaviest losses. The event is called “Libragate.”
Bitcoin predicted to meet a new all-time high
BTC is currently down by 12% from its highest time. The price of the asset topped immediately after Donald Trump’s inauguration. The Pro-Crypto administration may have led to a hooked view of the access.
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There is also a possibility that BTC will not rally as predicted. Investors can be skeptical of risky assets right now. Inflation must be reduced in the United States and investors’ feeling must be improved. An interest rate reduction can lead to an increase in risky investments.