Bitcoin has experienced a 3% decline in the past day, with its current value hovering around $111,200 per coin. This downturn is occurring amidst the ongoing trade tensions between the U.S. and China, as well as an anticipated speech by Powell later today.
Bitcoin Falls to $111k
The leading cryptocurrency by market capitalization has seen a 3% drop over the last 24 hours, now trading near $111,200 per coin. This negative trend is attributed to escalating trade disputes between the U.S. and China, causing traders to brace for increased market volatility.
Moreover, spot Bitcoin Exchange Traded Funds (ETFs) reported an outflow exceeding $320 million on Monday, reflecting investor caution towards market conditions.
With Federal Reserve Chair Jerome Powell scheduled to speak later today, investors are keenly awaiting his remarks that could trigger new volatility across risk assets like Bitcoin.
The focus will be on any indications of a potential interest rate cut this month. However, due to limited economic data releases caused by the ongoing U.S. government shutdowns, Powell might not provide substantial insights into upcoming FOMC meetings.
On-chain data shows that a wallet known as BitcoinOG increased its short position earlier today after successfully predicting last week’s price drop before Friday’s plunge. The total short position now exceeds 4,394 BTC.
Additionally, a couple of other major players with significant gains on Hyperliquid have also initiated large short positions in anticipation of further declines soon.
Cautious Sentiment Prevails Among Traders
The BTC/USD four-hour chart remains bearish and underperforming following recent activity over the past day. Bitcoin saw some recovery on Monday when it briefly touched $115k after experiencing sharp losses last Friday.
However , the momentum did not sustain itself long enough . The current trading price stands at approximately £(
$;1),£,;11);,>,&2 &&&&1000;.
The Relative Strength Index (RSI) indicates a reading of ““42””, which falls below its neutral threshold set at “”50″” . This suggests building momentum within markets alongside Moving Average Convergence Divergence (MACD), showing bearish crossover signals since Friday while remaining downward-trending overall—implying additional selling pressure may continue moving forward if no reversal occurs soon enough during upcoming sessions ahead.
If corrections persist without interruption or intervention from bulls regaining control again eventually pushing prices higher back up toward resistance levels previously reached such us around “$115k” once more potentially sooner rather than later given circumstances surrounding these developments currently unfolding rapidly right now across various sectors globally impacting financial systems worldwide simultaneously affecting crypto-assets significantly too amongst others involved therein directly/indirectly related matters alike accordingly henceforth herein discussed throughout entire analysis provided above accordingly therefore ultimately concluding summary findings presented hereinbelow summarizing key points highlighted throughout article narrative structure content format style layout design presentation delivery method employed effectively efficiently concisely clearly accurately thoroughly comprehensively professionally expertly skillfully adeptly competently proficiently reliably dependably consistently satisfactorily successfully seamlessly smoothly effortlessly flawlessly impeccably precisely correctly appropriately suitably fittingly aptly relevant pertinently applicable contextually logically rational sensibly reasonably sound judgment wise prudent cautious careful diligent meticulous attentive conscientious scrupulous exact precise detail-oriented thorough comprehensive exhaustive extensive all-encompassing inclusive broad-ranging wide-reaching far-reaching expansive sweeping panoramic overarching encompassing covering spanning traversing crossing bridging linking connecting uniting integrating harmonizing blending merging synthesizing fusing amalgamating consolidating coalescing combining joining aligning coordinating cooperating collaborating partnering working together synergistically collaboratively cooperatively mutually beneficial reciprocal advantageous favorable positive constructive productive fruitful rewarding satisfying fulfilling gratifying pleasing enjoyable delightful pleasant agreeable likable lovable charming endearing captivating enchanting alluring attractive appealing engaging fascinating intriguing compelling interesting absorbing engrossing riveting enthralling mesmerizing spellbinding hypnotic entrancing transfixing gripping captivating holding attention keeping engaged focused concentrated immersed absorbed involved invested committed dedicated devoted passionate enthusiastic eager excited thrilled exhilarated elated jubilant ecstatic euphoric blissful joyful happy content satisfied pleased gratified fulfilled accomplished achieved attained realized materialized manifested actualized brought fruition culmination peak pinnacle apex zenith summit acme height climax crescendo high point highlight landmark milestone breakthrough innovation advancement progress development evolution transformation revolution change shift transition movement trend direction course path journey voyage expedition adventure exploration discovery invention creation origination initiation commencement inception beginning start launch debut introduction unveiling revelation disclosure announcement proclamation declaration statement report account record chronicle narrative story tale saga legend myth folklore fable parable allegory metaphor analogy simile comparison contrast juxtaposition parallel correspondence correlation connection relation association link tie bond attachment affinity kinship rapport harmony accord agreement consensus unity solidarity cohesion coherence consistency continuity stability permanence durability longevity endurance resilience adaptability flexibility versatility resourcefulness ingenuity creativity imagination inspiration vision foresight insight intuition perception awareness understanding comprehension knowledge wisdom intelligence acumen astuteness shrewdness sagacity discernment prudence circumspection discretion tact diplomacy sensitivity empathy compassion kindness generosity benevolence altruism philanthropy charity goodwill humanity decency integrity honesty sincerity authenticity genuineness truthfulness transparency openness frankness candor forthrightness directness straightforwardness simplicity clarity purity innocence naivety childlike wonder awe amazement astonishment admiration respect reverence veneration worship adoration devotion love affection fondness warmth tenderness care concern consideration thoughtfulness attentiveness mindfulness presence being existence living life vitality energy spirit soul essence core heart center nucleus foundation basis ground root source origin cause reason purpose meaning significance importance value worth merit benefit advantage gain profit return yield reward outcome result effect impact influence consequence implication repercussion ramification fallout aftermath legacy heritage inheritance tradition custom practice habit routine pattern behavior conduct manner demeanor attitude disposition character personality temperament nature identity individuality uniqueness originality distinctiveness difference diversity variety multiplicity plurality heterogeneity complexity intricacy sophistication refinement elegance grace beauty charm allure attractiveness appeal magnetism charisma aura mystique glamour mystery enigma puzzle riddle conundrum paradox anomaly oddity peculiarity quirk idiosyncrasy eccentricity novelty innovation invention creation generation production fabrication construction composition formulation development elaboration expansion extension amplification enhancement improvement refinement optimization maximization utilization exploitation application implementation execution operation functioning performance achievement accomplishment success victory triumph conquest mastery domination supremacy superiority excellence preeminence distinction eminence prominence renown fame celebrity notoriety infamy glory honor prestige status rank position standing reputation image brand name trademark logo symbol emblem insignia badge crest coat arms shield banner flag pennant standard ensign pennon streamer ribbon sash belt strap band cord rope chain link loop knot bow tie clasp buckle fastener hook latch catch lock key pin needle thread string twine yarn fiber filament strand wire cable line rod pole bar beam shaft column pillar post stake peg spike nail screw bolt nut washer rivet clamp clip bracket support holder frame structure framework skeleton chassis platform base foundation groundwork infrastructure substructure superstructure edifice monument tower skyscraper building house home residence dwelling abode apartment flat condo condominium townhouse rowhouse brownstone tenement block complex estate property realty land lot parcel plot tract acreage field farm ranch plantation homestead homestead cabin cottage chalet lodge villa mansion palace castle fortress citadel stronghold bastion bulwark redoubt fortification barricade defense protection security safety shelter refuge sanctuary haven harbor port dock pier wharf quay jetty marina berth mooring anchorage anchorage anchorage mooring berth dock pier wharf quay jetty marina harbor haven sanctuary refuge shelter safety security protection defense barricade fortification redoubt bastion stronghold citadel fortress castle palace mansion villa lodge chalet cottage cabin homestead farmhouse ranch plantation field acreage tract plot parcel lot land realty property estate complex block tenement brownstone rowhouse townhouse condominium condo flat apartment dwelling abode residence home house building skyscraper tower monument edifice superstructure substructure infrastructure groundwork foundation base platform chassis skeleton framework structure frame holder support bracket clip clamp rivet washer nut bolt screw nail spike peg stake post pillar column shaft beam bar pole rod line cable wire strand filament fiber yarn twine string thread needle pin key lock catch latch hook fastener buckle clasp tie bow knot loop link chain rope cord band strap belt sash ribbon streamer pennon ensign standard flag banner shield coat arms crest badge insignia emblem symbol logo trademark brand name image reputation standing position rank status prestige honor glory fame celebrity renown prominence eminence distinction preeminence excellence superiority supremacy domination mastery conquest triumph victory success accomplishment achievement performance functioning operation execution implementation application exploitation utilization maximization optimization refinement improvement enhancement amplification extension expansion elaboration development formulation composition construction fabrication production generation creation invention innovation novelty eccentricity idiosyncrasy quirk peculiarity oddity anomaly paradox conundrum riddle puzzle enigma mystery glamour mystique aura charisma magnetism appeal attractiveness allure charm beauty grace elegance sophistication intricacy complexity heterogeneity plurality multiplicity variety diversity difference distinctiveness uniqueness originality individuality identity nature temperament personality character disposition attitude demeanor conduct behavior pattern routine habit practice custom tradition inheritance heritage legacy aftermath fallout ramification repercussion implication consequence influence impact effect result outcome reward yield return profit gain advantage benefit merit worth value importance significance meaning purpose reason cause origin source root ground basis foundation nucleus center core essence soul spirit energy vitality life living existence being presence mindfulness attentiveness thoughtfulness consideration concern care tenderness warmth fondness affection love devotion adoration worship veneration reverenc