Bitcoin Could "Easily" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure

Dow Jones03-20

Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.

The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.

"We are officially in the throes of a correction that had long been anticipated and was well overdue," Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.

Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.

Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.

"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table," Robinson said in a call.

The large amount of leverage in the crypto market also helped worsen bitcoin's decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price's uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.

Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-term price action - especially if the central bank's decision and Fed Chair Jerome Powell's comments are perceived to be less dovish, according to Kruger.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

badwarden
03-20
badwarden
People made a lot off the bitcoin by shorting after they sold ner ath. Guess one needs to know how to make money. If not, you will either be saying "people got sabo(ed)" or will be the one that got sabo(ed). Neither parties made money.
Snarldup
03-20
Snarldup
Waiting for the halving.
tigressbroker
03-20
tigressbroker
When it was 20k, everyone says it's going to go down to <10k LOL
neo26000
03-20
neo26000
When it was 73k, everyone was saying it was going to fly to the moon. Got sabo(ed) again. [Cool]

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While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-","content":"<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. 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Here's Why It's under Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-20 09:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBIT":"iShares Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","DEFI":"Hashdex Bitcoin ETF","RIOT":"Riot Platforms","FBTC":"Fidelity Wise Origin Bitcoin Fund","MSTR":"MicroStrategy Incorporated","ARKB":"ARK 21Shares Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","COIN":"Coinbase Global, Inc.","BK4023":"应用软件","BITO":"ProShares Bitcoin Strategy ETF","BTCO":"Invesco Galaxy Bitcoin ETF","MARA":"Marathon Digital Holdings Inc","BK4585":"ETF&股票定投概念","BTCW":"WisdomTree Bitcoin Fund","BK4594":"比特币ETF概念","BK4595":"比特币概念","BTC":"ClearShares Piton Intermediate Fixed Income ETF","EZBC":"Franklin Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2420066382","content_text":"Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.\"We are officially in the throes of a correction that had long been anticipated and was well overdue,\" Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.The large amount of leverage in the crypto market also helped worsen bitcoin's decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price's uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-term price action - especially if the central bank's decision and Fed Chair Jerome Powell's comments are perceived to be less dovish, according to Kruger.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":286164922605720,"gmtCreate":1710899281850,"gmtModify":1710900002220,"author":{"id":"4153986162981942","authorId":"4153986162981942","name":"Snarldup","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Waiting for the halving.","listText":"Waiting for the halving.","text":"Waiting for the halving.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286164922605720","repostId":2420066382,"repostType":2,"repost":{"id":"2420066382","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1710897641,"share":"https://www.laohu8.com/m/news/2420066382?lang=&edition=full","pubTime":"2024-03-20 09:20","market":"hk","language":"en","title":"Bitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure","url":"https://stock-news.laohu8.com/highlight/detail?id=2420066382","media":"Dow Jones","summary":"Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.The No.1 crypto  was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.\"We are officially in the throes of a correction that had long been anticipated and was well overdue,\" Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments.  While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-","content":"<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-20 09:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBIT":"iShares Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","DEFI":"Hashdex Bitcoin ETF","RIOT":"Riot Platforms","FBTC":"Fidelity Wise Origin Bitcoin Fund","MSTR":"MicroStrategy Incorporated","ARKB":"ARK 21Shares Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","COIN":"Coinbase Global, Inc.","BK4023":"应用软件","BITO":"ProShares Bitcoin Strategy ETF","BTCO":"Invesco Galaxy Bitcoin ETF","MARA":"Marathon Digital Holdings Inc","BK4585":"ETF&股票定投概念","BTCW":"WisdomTree Bitcoin Fund","BK4594":"比特币ETF概念","BK4595":"比特币概念","BTC":"ClearShares Piton Intermediate Fixed Income ETF","EZBC":"Franklin Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2420066382","content_text":"Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.\"We are officially in the throes of a correction that had long been anticipated and was well overdue,\" Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.The large amount of leverage in the crypto market also helped worsen bitcoin's decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price's uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-term price action - especially if the central bank's decision and Fed Chair Jerome Powell's comments are perceived to be less dovish, according to Kruger.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":286162285187080,"gmtCreate":1710898630157,"gmtModify":1710900002074,"author":{"id":"3569417970981243","authorId":"3569417970981243","name":"tigressbroker","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"When it was 20k, everyone says it's going to go down to &lt;10k LOL","listText":"When it was 20k, everyone says it's going to go down to &lt;10k LOL","text":"When it was 20k, everyone says it's going to go down to <10k LOL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286162285187080","repostId":2420066382,"repostType":2,"repost":{"id":"2420066382","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1710897641,"share":"https://www.laohu8.com/m/news/2420066382?lang=&edition=full","pubTime":"2024-03-20 09:20","market":"hk","language":"en","title":"Bitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure","url":"https://stock-news.laohu8.com/highlight/detail?id=2420066382","media":"Dow Jones","summary":"Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.The No.1 crypto  was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.\"We are officially in the throes of a correction that had long been anticipated and was well overdue,\" Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments.  While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-","content":"<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-20 09:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBIT":"iShares Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","DEFI":"Hashdex Bitcoin ETF","RIOT":"Riot Platforms","FBTC":"Fidelity Wise Origin Bitcoin Fund","MSTR":"MicroStrategy Incorporated","ARKB":"ARK 21Shares Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","COIN":"Coinbase Global, Inc.","BK4023":"应用软件","BITO":"ProShares Bitcoin Strategy ETF","BTCO":"Invesco Galaxy Bitcoin ETF","MARA":"Marathon Digital Holdings Inc","BK4585":"ETF&股票定投概念","BTCW":"WisdomTree Bitcoin Fund","BK4594":"比特币ETF概念","BK4595":"比特币概念","BTC":"ClearShares Piton Intermediate Fixed Income ETF","EZBC":"Franklin Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2420066382","content_text":"Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.\"We are officially in the throes of a correction that had long been anticipated and was well overdue,\" Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.The large amount of leverage in the crypto market also helped worsen bitcoin's decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price's uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-term price action - especially if the central bank's decision and Fed Chair Jerome Powell's comments are perceived to be less dovish, according to Kruger.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":286161069924528,"gmtCreate":1710898249940,"gmtModify":1710898253851,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/af53ce85df53718f6c2d268fdf544d17","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":9,"crmLevelSwitch":1},"htmlText":"When it was 73k, everyone was saying it was going to fly to the moon. Got sabo(ed) again.&nbsp;[Cool]&nbsp;&nbsp;","listText":"When it was 73k, everyone was saying it was going to fly to the moon. Got sabo(ed) again.&nbsp;[Cool]&nbsp;&nbsp;","text":"When it was 73k, everyone was saying it was going to fly to the moon. Got sabo(ed) again. [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/286161069924528","repostId":2420066382,"repostType":2,"repost":{"id":"2420066382","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1710897641,"share":"https://www.laohu8.com/m/news/2420066382?lang=&edition=full","pubTime":"2024-03-20 09:20","market":"hk","language":"en","title":"Bitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure","url":"https://stock-news.laohu8.com/highlight/detail?id=2420066382","media":"Dow Jones","summary":"Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.The No.1 crypto  was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.\"We are officially in the throes of a correction that had long been anticipated and was well overdue,\" Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments.  While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-","content":"<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Could \"Easily\" Fall to $60,000 If Decline Continues. Here's Why It's under Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-03-20 09:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.</p><p>The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.</p><p>&#34;We are officially in the throes of a correction that had long been anticipated and was well overdue,&#34; Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin&#39;s overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.</p><p>Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.</p><p>Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.</p><p>&#34;It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,&#34; Robinson said in a call.</p><p>The large amount of leverage in the crypto market also helped worsen bitcoin&#39;s decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price&#39;s uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.</p><p>Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin&#39;s short-term price action - especially if the central bank&#39;s decision and Fed Chair Jerome Powell&#39;s comments are perceived to be less dovish, according to Kruger.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBIT":"iShares Bitcoin Trust","HODL":"VanEck Bitcoin Trust ETF","GBTC":"Grayscale Bitcoin Trust","DEFI":"Hashdex Bitcoin ETF","RIOT":"Riot Platforms","FBTC":"Fidelity Wise Origin Bitcoin Fund","MSTR":"MicroStrategy Incorporated","ARKB":"ARK 21Shares Bitcoin ETF","BITB":"Bitwise Bitcoin ETF","COIN":"Coinbase Global, Inc.","BK4023":"应用软件","BITO":"ProShares Bitcoin Strategy ETF","BTCO":"Invesco Galaxy Bitcoin ETF","MARA":"Marathon Digital Holdings Inc","BK4585":"ETF&股票定投概念","BTCW":"WisdomTree Bitcoin Fund","BK4594":"比特币ETF概念","BK4595":"比特币概念","BTC":"ClearShares Piton Intermediate Fixed Income ETF","EZBC":"Franklin Bitcoin ETF","BRRR":"Valkyrie Bitcoin Fund"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2420066382","content_text":"Bitcoin on Tuesday fell as low as under $63,000, as exchange-traded funds investing in the cryptocurrency on Monday saw their first day of net outflows since March 1.The No.1 crypto (BTCUSD) was last trading at around $65,337, down 2.8% over the past 24 hours. Bitcoin is now down 7.8% over the past seven days, but is still up over 50% this year to date, according to CoinDesk data. The crypto hit a record high at $73,798 last week.\"We are officially in the throes of a correction that had long been anticipated and was well overdue,\" Joel Kruger, market strategist at forex and crypto broker LMAX Group, wrote in emailed comments. While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger.Bitcoin ETFs on Monday saw net outflows for the first time since March 1, with total outflows of about $154.3 million, according to data from Fundstrat.Bitcoin is seeing some profit taking after hitting an all-time high last week, according to Henry Robinson, co-founder and head of crypto at Decimal Digital Currency.\"It makes sense for someone who bought bitcoin at $20,000, $30,000 and $50,000 to go and take some chips off the table,\" Robinson said in a call.The large amount of leverage in the crypto market also helped worsen bitcoin's decline earlier on Tuesday, according to Robinson. Bitcoin saw over $480 million leveraged long positions liquidated over the paest 24 hours, according to data from Coinglass. For traders who borrowed money to make a bigger bet on an asset price's uptrend movement, if the price goes against them, their positions get liquidated and they are forced to sell - adding pressure to a downward movement.Investors are watching the Federal Reserve meeting that concludes on Wednesday, which could impact bitcoin's short-term price action - especially if the central bank's decision and Fed Chair Jerome Powell's comments are perceived to be less dovish, according to Kruger.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2420066382"}