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Bitcoin is experiencing the next price crash. In the weekly trend, the price losses of the largest cryptocurrency continue to fall – to a full 13 percent. All major cryptos are posting losses. Why price analysts remain optimistic and are now recommending follow-up purchases.
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Bitcoin Price Crash of 13%: this is why BTC and Co. Are Falling Massively
The Bitcoin is experiencing the next price crash. Over the last 24 hours, the largest cryptocurrency fell by 4.83 percent. In the weekly trend, the price losses thus fall to 13 percent. BTC is again trading below $105,000.
- Bitcoin
(BTC) - Price $107,207.00
- Market Cap
$2.14 T
Compared to large parts of the crypto market, the market leader is still doing relatively well. For comparison: The entire market fell by 5.30 percent over the last 24 hours and now reaches a value of 3.58 trillion US dollars.
But why are Bitcoin and Co. currently falling so massively? According to many experts, this is a late consequence of the smoldering trade conflict between China and the USA. The two largest economies in the world have been arguing for months about the future of their economic relationship.
The conflict reached a new high point last Friday. After China announced that it would apply export controls to rare earths, US President Donald Trump threatened 100 percent import duties on all Chinese goods. These can already come into effect from November 1st.
Initially, the crypto market recovered quickly after a flash crash. The fact that the bears are now prevailing on the market again could also be related to other influences. The FSB published an assessment of the global legal situation yesterday. The conclusion: crypto is too laxly regulated globally.
The financial supervisory authority of the G20 is now calling for uniform, global and, above all, strict crypto regulation. Data protection laws should be removed to enable the monitoring of blockchains and crypto service providers.
An international regulatory network is to be created to monitor activities in the crypto market and react quickly to risks. The Financial Stability Board did not specify exactly what such risks should look like. The increasing spread of cryptocurrencies and stablecoins is definitely a danger to the prevailing financial system.
This is how Extremely the Largest Cryptocurrencies are Currently Crashing
The largest cryptocurrencies are currently crashing significantly. Among the CMC 100, all volatile cryptos are posting losses. Only PAXG and XAUt, two tokens that reflect the price of gold, are posting gains in both the daily and weekly trends.
Ethereum fell by 7.30 percent over the last 24 hours. In the weekly trend, losses now amount to 13.00 percent. As a result, ETH is trading at $3,781. Among the ten largest cryptos, the losses are already drastic.
Dogecoin leads the list of weekly losers with a price development of -27 percent. Cardano also broke through the -20 percent mark. At the time of going to press, ADA is at -24.21 percent over the last seven days.
This is why Price Analysts Continue to be Optimistic
Many price analysts remain optimistic despite the immense losses on the market. They predominantly expect rapid recoveries, which could then even be followed by the start of a bull market.
Merlijn The Trader explained via X, for example: “The Bitcoin flash crash is a sign of the bull market. A brutal crash. Disbelief. Then euphoria. (…) Markets always eliminate weak elements from a breakthrough.”
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The well-known price analyst Ali Martinez also remains optimistic. He published red cryptobubbles on X. The message is clear: the market is falling in all areas. He asked his readers: “Who likes discounts?”
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Martinez suggests that the market will soon shoot up again. The current prices are well suited for follow-up purchases. Market analyst Arthur Hayes represents the same theory. He sees no reason for concern, as the US Federal Reserve FED recently announced that it would end quantitative tightening. A bull market will follow.
