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Bitcoin slips as ‘Sell America’ trade roars with Trump’s Greenland threats weighing on price – DL News

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  • Bitcoin fell to below $91,000 on Tuesday.
  • Analysts warn that it could drop even lower.
  • US dollar, stocks, and bonds decline as Trump pursues Greenland.

Bitcoin’s price has slid nearly 5% this week as US President Donald Trump’s pursuit for Greenland revived the “Sell America” trade.

The top crypto plunged below $91,000 on Tuesday as the $3.2 trillion crypto market dropped 2.2%. Now analysts warn that the price could drop to $75,000 — or even lower.

“While markets appear calm on the surface, macro risks are building,” Sean Dawson, research head at Derive.xyz, said in an investor note shared with DL News.

“Rising geopolitical tensions between the US and Europe — particularly around Greenland — raise the risk of a regime shift back into a higher-volatility environment, a dynamic not currently reflected in spot prices,” Dawson said.

Bitcoin’s selloff comes as there is widespread chatter on Wall Street of a “sell America” trade. This is where investors dump US stocks, bonds, and dollars as Trump threatens European allies with tariffs over his campaign to take control of Greenland.

The US dollar slid on Monday, with the euro gaining 0.4 per cent against the US currency.

Bitcoin and altcoins’ price drop on Tuesday would suggest cryptocurrencies are part of that trade.

At the same time, gold, which is seen as a safe haven asset, set a new high of $4,725 per ounce

World leaders have widely condemned Trump’s gambit for the world’s biggest island.

“Tariffs would undermine transatlantic relations and risk a dangerous downward spiral,” European Council President António Costa and Ursula von der Leyen said in a joint statement.

Brussels has also threatened to retaliate against Washington if Trump follows through with his threats.

Traders play defence

Derivatives positioning data shows that traders are anticipating that Bitcoin’s price will drop 17% to $75,000 by June, Dawson said.

“From an options perspective, the outlook remains mildly bearish through mid-year,” he said. “Traders are paying a premium for downside protection.”

“Against a backdrop of persistent geopolitical uncertainty, crypto markets appear more risk-averse than in previous cycles, despite historically low realised volatility,” he said.

Similarly, Bloomberg Intelligence strategist Mike McGlone said that Bitcoin’s inability to hold long-term averages in 2025 is a warning sign that the price could drop as low as $10,000.

To be sure, not everyone is bearish on Bitcoin.

Better macroeconomic conditions and improving economic outlook are now “feeding into crypto,” analysts David Brickell and Chris Mills of the London Crypto Club said in their weekly newsletter.

Bitcoin “acts as the ultimate hedge, given its borderless, decentralised, “safe-haven” characteristics.”

Crypto market movers

  • Bitcoin is down 2.3% over the past 24 hours, trading at $90,878.
  • Ethereum is down 3.6% past 24 hours at $3,090

What we’re reading

Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at lance@dlnews.com.

Bitcoin is at risk of slide to $58,000 as 'restrictive' Fed policy and trade tensions weigh on crypto

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The veteran trader who accurately called the 2018 bitcoin crash has tipped bitcoin to fall to $58,000. Experts said macro conditions favor a bearish bitcoin trend.

BTC Bulls Defend $90K as Hash Ribbons Signal Long-Term Buy Opportunity

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Bitcoin’s (BTC) leading indicators flashed buy signals as bulls fought to keep the price above $90,000.

Key takeaways:

  • Bitcoin Hash Ribbons flashed a “buy” signal amid miner capitulation recovery, an occurrence that has historically preceded strong rallies.

  • The Fear and Greed Index’s “golden cross” signals improving market sentiment and a potential BTC rally ahead.

  • Bitcoin must hold $90,000 to avoid a bear market scenario. 

Bitcoin Hash Ribbons, sentiment index flash “buy”

Bitcoin miner performance is still telling market participants to buy as sentiment begins to shift across the market.

Hash Ribbons, which measures the 30-day and 60-day moving averages of the hash rate, now says that even current prices represent a “long-term buying opportunity,” according to Capriole Investments.

Related: Bitcoin’s ‘internal conditions’ are improving: Glassnode

The chart below shows that a “buy signal” emerged when the 30-day MA of the hash rate dropped below its 60-day EMA, an occurrence that has historically marked periods of miner capitulation.

This has “often synced with major price discounts and long-term buying opportunities,” Capriole Investments explains on its website. 

Bitcoin Hash Ribbons. Source: Capriole Investments

Researchers at On-Chain Mind made similar observations, saying that Bitcoin is “seeing one of the largest Hash Ribbons signals on record.” 

“When miners capitulate and then recover, it often marks the end of forced selling,” On-Chain Mind said in a Jan. 20 post on X, adding:

“Historically, once this phase resolves, it’s been one of the most compelling long-term buy signals.”

Bitcoin Hash Ribbons. Source: On-Chain Mind

Note that the last time Hash Ribbons sent a buy signal was in July 2025, preceding a 25% BTC price rally from $98,000 to its previous all-time high of $123,200. 

The Fear and Greed index is also suggesting it’s time to buy Bitcoin as a “golden cross signals a potential rally ahead,” according to data from CryptoQuant.

The chart below is a historical pattern analysis revealing a “bullish sentiment shift as 30-day MA crosses above 90-day MA for the first time since May 2025,” said CryptoQuant analyst MorenoDV_ in a recent Quicktake analysis, adding:

“Historically, these crossovers tend to occur after prolonged fear phases, often near local price compression zones rather than major tops. In most highlighted instances on the chart, price responds positively in the weeks that follow.”

Bitcoin Fear and Greed Index. Source: CryptoQuant

Bitcoin price must hold $90,000

The next important support zone for BTC is at $90,000, a psychological level for the market that the bulls must defend.

The BTC/USD pair is trading within the $90,000–$92,000 range, data from TradingView reveals.  

“This area is very important. It has held before, and if the overall bull market is still strong, it needs to hold again,” Crypto Solutions said in an X post on Tuesday, adding:

“As long as $90K holds, buyers are still in control, and another move up is possible.”

This level coincides with the 200-period moving average in the four-hour time frame and the lower boundary of a bear flag, as shown on the weekly chart below.

BTC/USD weekly chart. Source: Cointelegraph/TradingView

“If $90K breaks and closes below it on the weekly chart, momentum could turn negative, with a deeper drop toward $80K–$85K,” Crypto Solutions added, referring to a key demand zone on the daily chart.

Lower than that, the April 2025 low at $74,500 and the 200-week MA at $68,000 are key levels to watch on the downside.

The measured target of the bear flag is $57,050, where Bitcoin could bottom in case of an extended downtrend.

Source: Muro

As Cointelegraph reported, Bitcoin is at risk of losing $90,000 as macro pressure and weak technicals point to a possible drop toward $80,000 based on a rising-wedge breakdown.