Recently, the significant drop in Bitcoin prices has attracted widespread attention and discussion in the market. This decline in the cryptocurrency market has mirrored the sharp drop in the U.S. stock market, leading to a clearance of dollar liquidity, which in turn has been reflected in the cryptocurrency market. The synchronization of the stock market decline with the cryptocurrency market has further exacerbated the selling pressure. The accelerated liquidation of long positions in the derivatives market has led to a further decline in cryptocurrency prices. Over $400 million in leveraged positions were liquidated within an hour, with Bitcoin and Ethereum long positions being particularly significant. In the past 24 hours (as of noon on August 5th, Hong Kong time), over $242.87 million in long positions in the entire cryptocurrency market have been liquidated, with $152 million evaporating in the past 12 hours alone. Additionally, outflows from spot Ethereum ETFs have led to a sell-off trend in the cryptocurrency market. The slowdown in inflows into spot Bitcoin ETFs indicates a decline in investor risk appetite, which is particularly evident in uncertain or bearish market conditions.
2024-08-17
This paper examines the complex relationship between Federal Reserve policies and the cryptocurrency market, with a particular focus on Bitcoin. The analysis highlights how Federal Open Market Committee (FOMC) decisions, especially regarding interest rates, influence Bitcoin's price dynamics. These impacts, though often mediated by market sentiment and other external factors, are evident in the short term. The paper concludes by emphasizing the necessity of further research to better understand this intricate relationship and its implications for investors and policymakers.
2024-08-16
This research paper examines the relationship between Bitcoin and the U.S. Dollar Index (DXY) from 2012 to 2024. The analysis reveals that the price of Bitcoin and the DXY tend to move in opposite directions, influenced by factors such as Federal Reserve policies, geopolitical events, and market sentiment.
2024-07-15
The research analyzes the market behavior of Bitcoin following its fourth halving on April 19, 2024. Unlike previous halvings, this time resulted in a flat price trajectory and minimal volatility.
2024-06-10
Bitcoin has been described as the gold of cryptocurrencies due to its dominance in the market, with the highest market shares, trading volumes, and market capitalizations among all cryptocurrencies …
2024-05-10
Artificial Intelligence (AI) has significantly impacted to human civilization, particularly since the emergence of OpenAI and their chatbot, ChatGPT. Machine learning has accelerated the …
2024-04-14
On January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved the first 11 spots Bitcoin exchange-traded-funds(ETFs) in the U.S. market, a historic step in the cryptocurre …
2024-03-10
