All articles tagged with #price plunge
Natural gas prices are plummeting as the US braces for its warmest winter on record, leading to reduced demand for heating fuel. This drop in prices is impacting the energy markets and could have significant implications for the industry.
Despite billions in new investment flowing into Bitcoin through the launch of spot ETFs in the US, the cryptocurrency's price has experienced a significant plunge. This unexpected trend has left experts puzzled and sparked discussions about the potential reasons behind Bitcoin's decline despite the influx of institutional investment.
Bitcoin is currently in its relief run phase before the upcoming halving event, but historical patterns suggest that a significant price plunge may occur before the bulls take control. In 2019, Bitcoin experienced a relief rally followed by a 62% price drop around the same temporal distance from the halving event. A 27% plunge from the current price level to around $19,000 is predicted to fulfill the conditions for this cyclical higher low. Factors such as Bitcoin's fair value, potential spot Bitcoin ETF launches, and regulatory concerns around Binance are influencing the overall sentiment in the crypto sector.