The crypto money market fell hard. Bitcoin $89,051.7715 percent of the last week, the lowest level of the last 4 months, the lowest level of 82 thousand 300 dollars. Due to this decrease in the market, 770 billion dollars in the last 24 hours was liquidated. The crypto fear & greed index decreased to 20 levels and pointed to extreme fear. Alright, Bitcoin price Why did he fall so hard?
NVIDIA shares rose while Bitcoin loses blood
One of the most important reasons for the decline in Bitcoin price was intense interest in artificial intelligence shares. Especially NVIDIAThe powerful quarter financial data announced by the investors shifted the focus of investors to artificial intelligence shares. NVIDIA’s fourth quarter revenues reached 39.3 billion dollars and increased by 12 percent compared to the previous quarter and 78 percent on an annual basis. Following the announcement of this data, NVIDIA shares rose by 4 percent and added $ 125 billion to the market value.
Investors Bitcoin and other crypto currencyInstead of the volatility in the L, he turned to artificial intelligence shares. Therefore, Bitcoin’s rise momentum disappeared and the pressure on the price increased.
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There are billion dollars out of Bitcoin ETFs
Another critical factor affecting the price of Bitcoin was the huge outlets of the US stock investment funds (ETF). Between 24 – 26 February 2025 Spot Bitcoin ETFA total of $ 2.43 billion output.
This is part of an ongoing wave of sales for the last seven working days. Fidelity Bitcoin continued to sell Bitcoin, such as increased sales pressure on the market. The fall of investors’ risk appetite makes it difficult to recover Bitcoin.
In addition, on February 28, the 5 billion dollars of Bitcoin option contracts will be overcome on the price. The $ 3.9 billion option agreement is expected to be closed with damage. This increases the likelihood of selling Bitcoins in the hands of investors.
Bitcoin is traded at the level of 86 thousand 439 dollars at the time of the preparation of the news and the important support level for the price is determined as 83 thousand dollars. According to technical indicators, the largest crypto money entered the over -selling zone. If this level of support is broken, the price is likely to decline up to 80 thousand 313 dollars. However, re -recovery can be expected in case of reaction purchases from this level.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
