• Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
25 July Friday, 2025
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • Home
  • Cryptocurrency
  • Business
  • Economy
No Result
View All Result
  • tr Türkçe
  • en English
TurkishNY Radio
No Result
View All Result
Bitcoin Bitcoin (BTC) $117,566.08 ↑ 1.50%
Ethereum Ethereum (ETH) $3,749.85 ↑ 3.56%
XRP XRP (XRP) $3.15 ↑ 1.75%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $782.21 ↑ 2.89%
Solana Solana (SOL) $186.21 ↑ 4.19%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 4.41%
TRON TRON (TRX) $0.32 ↑ 1.27%
Cardano Cardano (ADA) $0.83 ↑ 2.38%
Hyperliquid Hyperliquid (HYPE) $44.32 ↑ 5.68%
Stellar Stellar (XLM) $0.44 ↑ 6.06%
Sui Sui (SUI) $4.00 ↑ 9.36%
Chainlink Chainlink (LINK) $18.39 ↑ 4.70%
Hedera Hedera (HBAR) $0.27 ↑ 12.74%
Bitcoin Cash Bitcoin Cash (BCH) $555.37 ↑ 5.65%
Avalanche Avalanche (AVAX) $24.10 ↑ 3.63%
Litecoin Litecoin (LTC) $113.40 ↑ 2.91%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 5.49%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.16%
Toncoin Toncoin (TON) $3.32 ↑ 7.35%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $10.52 ↑ 5.95%
Polkadot Polkadot (DOT) $4.12 ↑ 4.36%
Monero Monero (XMR) $323.53 ↓ -3.62%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.58 ↑ 3.17%
Pepe Pepe (PEPE) $0.00 ↑ 4.33%
Aave Aave (AAVE) $297.35 ↑ 3.93%
Cronos Cronos (CRO) $0.13 ↑ 5.26%
Bittensor Bittensor (TAO) $425.96 ↑ 3.53%
Ethena Ethena (ENA) $0.59 ↑ 19.10%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 7.47%
Ethereum Classic Ethereum Classic (ETC) $23.10 ↑ 6.08%
Pi Pi (PI) $0.44 ↑ 1.23%
Ondo Ondo (ONDO) $1.05 ↑ 5.07%
Aptos Aptos (APT) $4.78 ↑ 3.52%
Internet Computer Internet Computer (ICP) $5.62 ↑ 3.83%
OKB OKB (OKB) $48.07 ↑ 1.01%
Bonk Bonk (BONK) $0.00 ↑ 7.26%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 15.81%
Kaspa Kaspa (KAS) $0.10 ↑ 2.37%
Mantle Mantle (MNT) $0.77 ↑ 3.76%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 3.00%
Algorand Algorand (ALGO) $0.27 ↑ 5.53%
Arbitrum Arbitrum (ARB) $0.45 ↑ 5.53%
VeChain VeChain (VET) $0.03 ↑ 5.46%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.09%
Render Render (RENDER) $4.21 ↑ 5.84%
GateToken GateToken (GT) $17.62 ↑ 1.43%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.00%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.13 ↑ 3.16%
Sky Sky (SKY) $0.09 ↑ 13.63%
Sei Sei (SEI) $0.33 ↑ 5.09%
Cosmos Cosmos (ATOM) $4.69 ↑ 2.80%
SPX6900 SPX6900 (SPX) $1.97 ↑ 13.87%
Filecoin Filecoin (FIL) $2.65 ↑ 4.06%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 1.47%
Jupiter Jupiter (JUP) $0.55 ↑ 4.73%
Flare Flare (FLR) $0.02 ↑ 6.33%
Story Story (IP) $5.41 ↑ 5.95%
KuCoin Token KuCoin Token (KCS) $11.70 ↓ -2.52%
Quant Quant (QNT) $121.43 ↑ 2.98%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.03%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↑ 6.42%
Injective Injective (INJ) $14.19 ↑ 6.74%
Celestia Celestia (TIA) $1.96 ↑ 7.14%
XDC Network XDC Network (XDC) $0.09 ↑ 4.67%
Fartcoin Fartcoin (FARTCOIN) $1.36 ↑ 0.89%
Four Four (FORM) $3.38 ↑ 1.25%
Stacks Stacks (STX) $0.81 ↑ 6.08%
FLOKI FLOKI (FLOKI) $0.00 ↑ 8.84%
Optimism Optimism (OP) $0.72 ↑ 6.20%
Ethereum Name Service Ethereum Name Service (ENS) $30.38 ↑ 9.61%
dogwifhat dogwifhat (WIF) $1.07 ↑ 5.08%
Immutable Immutable (IMX) $0.57 ↑ 5.75%
The Graph The Graph (GRT) $0.10 ↑ 4.03%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 3.73%
Kaia Kaia (KAIA) $0.16 ↑ 2.54%
Lido DAO Lido DAO (LDO) $1.10 ↑ 4.09%
Sonic Sonic (S) $0.33 ↑ 3.93%
PancakeSwap PancakeSwap (CAKE) $2.76 ↑ 5.68%
PAX Gold PAX Gold (PAXG) $3,354.15 ↓ -0.38%
Tezos Tezos (XTZ) $0.89 ↑ 5.31%
Conflux Conflux (CFX) $0.18 ↑ 3.97%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 9.73%
Vaulta Vaulta (A) $0.58 ↑ 2.66%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.03%
Theta Network Theta Network (THETA) $0.88 ↑ 4.63%
Nexo Nexo (NEXO) $1.32 ↑ 1.49%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 3.64%
Tether Gold Tether Gold (XAUt) $3,345.81 ↓ -0.43%
IOTA IOTA (IOTA) $0.21 ↑ 4.84%
Raydium Raydium (RAY) $3.04 ↑ 4.34%
Gala Gala (GALA) $0.02 ↑ 3.71%
The Sandbox The Sandbox (SAND) $0.31 ↑ 3.80%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 3.85%
Pendle Pendle (PENDLE) $4.49 ↑ 6.36%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 6.15%
Jito Jito (JTO) $1.97 ↑ 0.80%
Bitcoin Bitcoin (BTC) $117,566.08 ↑ 1.50%
Ethereum Ethereum (ETH) $3,749.85 ↑ 3.56%
XRP XRP (XRP) $3.15 ↑ 1.75%
Tether USDt Tether USDt (USDT) $1.00 ↓ -0.02%
BNB BNB (BNB) $782.21 ↑ 2.89%
Solana Solana (SOL) $186.21 ↑ 4.19%
USDC USDC (USDC) $1.00 ↓ -0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 4.41%
TRON TRON (TRX) $0.32 ↑ 1.27%
Cardano Cardano (ADA) $0.83 ↑ 2.38%
Hyperliquid Hyperliquid (HYPE) $44.32 ↑ 5.68%
Stellar Stellar (XLM) $0.44 ↑ 6.06%
Sui Sui (SUI) $4.00 ↑ 9.36%
Chainlink Chainlink (LINK) $18.39 ↑ 4.70%
Hedera Hedera (HBAR) $0.27 ↑ 12.74%
Bitcoin Cash Bitcoin Cash (BCH) $555.37 ↑ 5.65%
Avalanche Avalanche (AVAX) $24.10 ↑ 3.63%
Litecoin Litecoin (LTC) $113.40 ↑ 2.91%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 5.49%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ -0.16%
Toncoin Toncoin (TON) $3.32 ↑ 7.35%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $10.52 ↑ 5.95%
Polkadot Polkadot (DOT) $4.12 ↑ 4.36%
Monero Monero (XMR) $323.53 ↓ -3.62%
Dai Dai (DAI) $1.00 ↑ 0.01%
Bitget Token Bitget Token (BGB) $4.58 ↑ 3.17%
Pepe Pepe (PEPE) $0.00 ↑ 4.33%
Aave Aave (AAVE) $297.35 ↑ 3.93%
Cronos Cronos (CRO) $0.13 ↑ 5.26%
Bittensor Bittensor (TAO) $425.96 ↑ 3.53%
Ethena Ethena (ENA) $0.59 ↑ 19.10%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 7.47%
Ethereum Classic Ethereum Classic (ETC) $23.10 ↑ 6.08%
Pi Pi (PI) $0.44 ↑ 1.23%
Ondo Ondo (ONDO) $1.05 ↑ 5.07%
Aptos Aptos (APT) $4.78 ↑ 3.52%
Internet Computer Internet Computer (ICP) $5.62 ↑ 3.83%
OKB OKB (OKB) $48.07 ↑ 1.01%
Bonk Bonk (BONK) $0.00 ↑ 7.26%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 15.81%
Kaspa Kaspa (KAS) $0.10 ↑ 2.37%
Mantle Mantle (MNT) $0.77 ↑ 3.76%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 3.00%
Algorand Algorand (ALGO) $0.27 ↑ 5.53%
Arbitrum Arbitrum (ARB) $0.45 ↑ 5.53%
VeChain VeChain (VET) $0.03 ↑ 5.46%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.09%
Render Render (RENDER) $4.21 ↑ 5.84%
GateToken GateToken (GT) $17.62 ↑ 1.43%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.00%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.13 ↑ 3.16%
Sky Sky (SKY) $0.09 ↑ 13.63%
Sei Sei (SEI) $0.33 ↑ 5.09%
Cosmos Cosmos (ATOM) $4.69 ↑ 2.80%
SPX6900 SPX6900 (SPX) $1.97 ↑ 13.87%
Filecoin Filecoin (FIL) $2.65 ↑ 4.06%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 1.47%
Jupiter Jupiter (JUP) $0.55 ↑ 4.73%
Flare Flare (FLR) $0.02 ↑ 6.33%
Story Story (IP) $5.41 ↑ 5.95%
KuCoin Token KuCoin Token (KCS) $11.70 ↓ -2.52%
Quant Quant (QNT) $121.43 ↑ 2.98%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.03%
Curve DAO Token Curve DAO Token (CRV) $1.05 ↑ 6.42%
Injective Injective (INJ) $14.19 ↑ 6.74%
Celestia Celestia (TIA) $1.96 ↑ 7.14%
XDC Network XDC Network (XDC) $0.09 ↑ 4.67%
Fartcoin Fartcoin (FARTCOIN) $1.36 ↑ 0.89%
Four Four (FORM) $3.38 ↑ 1.25%
Stacks Stacks (STX) $0.81 ↑ 6.08%
FLOKI FLOKI (FLOKI) $0.00 ↑ 8.84%
Optimism Optimism (OP) $0.72 ↑ 6.20%
Ethereum Name Service Ethereum Name Service (ENS) $30.38 ↑ 9.61%
dogwifhat dogwifhat (WIF) $1.07 ↑ 5.08%
Immutable Immutable (IMX) $0.57 ↑ 5.75%
The Graph The Graph (GRT) $0.10 ↑ 4.03%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 3.73%
Kaia Kaia (KAIA) $0.16 ↑ 2.54%
Lido DAO Lido DAO (LDO) $1.10 ↑ 4.09%
Sonic Sonic (S) $0.33 ↑ 3.93%
PancakeSwap PancakeSwap (CAKE) $2.76 ↑ 5.68%
PAX Gold PAX Gold (PAXG) $3,354.15 ↓ -0.38%
Tezos Tezos (XTZ) $0.89 ↑ 5.31%
Conflux Conflux (CFX) $0.18 ↑ 3.97%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 9.73%
Vaulta Vaulta (A) $0.58 ↑ 2.66%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.03%
Theta Network Theta Network (THETA) $0.88 ↑ 4.63%
Nexo Nexo (NEXO) $1.32 ↑ 1.49%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 3.64%
Tether Gold Tether Gold (XAUt) $3,345.81 ↓ -0.43%
IOTA IOTA (IOTA) $0.21 ↑ 4.84%
Raydium Raydium (RAY) $3.04 ↑ 4.34%
Gala Gala (GALA) $0.02 ↑ 3.71%
The Sandbox The Sandbox (SAND) $0.31 ↑ 3.80%
Aerodrome Finance Aerodrome Finance (AERO) $0.90 ↑ 3.85%
Pendle Pendle (PENDLE) $4.49 ↑ 6.36%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 6.15%
Jito Jito (JTO) $1.97 ↑ 0.80%
Home Cryptocurrency

What’s Behind the Recent Bitcoin Price Decline? Analysts Explain the Causes and Implications

Tom Nyarunda by Tom Nyarunda
28 November 2024
in Cryptocurrency, Business
Reading Time: 3 mins read
0
Bitcoin price decline

What’s Behind the Recent Bitcoin Price Decline? Analysts Explain the Causes and Implications

The latest Bitcoin price decline ahead of the US Thanksgiving holiday has pushed analysts to discuss the digital asset’s potential price recovery after such a sharp decline.

22ccc

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Stage 14 Ignites 9.96% Jump: Troller Cat Presale at $0.00009667—Best Crypto to Explode in 2025 as SPX6900 Slides and Fartcoin Jumps
    • Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats
  • Potential Price Recovery Imminent after Thanksgiving
  • Bitcoin Has Often Traded In Tandem with the Stock Market
  •   A Combination of Positive Factors Augur Well for BTC
  • Conclusion

YOU MAY BE INTERESTED

image 651

Stage 14 Ignites 9.96% Jump: Troller Cat Presale at $0.00009667—Best Crypto to Explode in 2025 as SPX6900 Slides and Fartcoin Jumps

25 July 2025
image 659

Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats

25 July 2025

The flagship cryptocurrency recently experienced a significant slump, shedding 9% from the last all-time high of $99,500, which crypto market pundits attributed to panic selling from short-term holders, triggering widespread panic within the entire cryptocurrency space.

potential price recovery
Potential Price Recovery Imminent after Thanksgiving

Potential Price Recovery Imminent after Thanksgiving

Signs of a potential price recovery surfaced during Wednesday trading when BTC headed back to $96,000, registering as a pullback that had eliminated all the previous price records. Analysts are wondering whether the current Bitcoin price decline could follow its annual tradition of stability recovering soon after the US Thanksgiving holiday. A recent report from CoinOtages stated, “A critical level to watch is the $90K mark, which many believe could serve as a supportive base for a potential rebound.”

Looking at records of past market behavior, especially during periods such as the upcoming Thanksgiving, several analysts have surmised that some contextual lessons needed consideration. According to Alex Thorn of Galaxy Digital, a similar pattern was observed in 2020 when a similar Bitcoin price decline showed BTC shedding off 17% of its value. Thorn believes in the idea of a potential price recovery stating that the digital asset quickly got back its footing, staging a threefold recovery within five months.

ADVERTISEMENT

Bitcoin Has Often Traded In Tandem with the Stock Market

As per crypto expert James Van Straten, market dynamics have recently intensified which saw over $4 billion worth of BTC liquidated, which is among the steepest drops in recent history. Staten notes that the events of the last few days have been so significant that they have eclipsed the previous liquidation that was experienced last August.

However, on a positive note, highlighting the possibility of a potential price recovery, Thorn postulates that the ongoing Bitcoin price decline could be set up to an incoming upward trajectory. He opines that “The historical parallel raises the question: does history rhyme?”

While Bitcoin is cutting a niche for itself as a potential store of value and a digital alternative to gold, the digital asset has often traded in alongside the stock market. Wednesday trading offers a perfect example of when it can decouple with the NASDAQ when it went lower by 0.6%.

Coinbase, on the other hand, was up at least 6% when Bitcoin mirrored the other crypto stocks. Crypto trading, which most analysts believe has benefited greatly from the anticipated crypto-friendly environment heralded by the Trump 2.0 win, saw Robinhood gain 3% while the MicroStrategy stock advanced 9%.

potential price recovery
A Combination of Positive Factors Augur Well for BTC

  A Combination of Positive Factors Augur Well for BTC

Despite the current Bitcoin price decline, BTC has shattered several records since the November 5 US election results, gaining over 38% during the last few days. Last Friday was the climax when Bitcoin rose to $99,849.99 before coming back and almost getting down to $90,000 this week. Attributing the ongoings to something normal because of what he calls corrections and hiccups, Galaxy Digital’s Thorn stated, “The bitcoin bull market has legs.”

The analyst believes that anything could trigger jitters in the markets, including the slightest actions from the outgoing Biden administration, even during their twilight days. However, Thorn avers that a combination of positive factors like the highly anticipated nation-state adoption of Bitcoin by the incoming Trump administration and the ongoing corporate and increasing institutional adoption are all solid sentiments that could play well towards a potential price recovery process. Thorn adds that the new administration “is shaping up to be extremely pro-bitcoin, and solid positioning and network data all point to higher over the near and medium term.”

Conclusion

While the latest Bitcoin price decline as the US approaches an annual holiday has raised significant interest among most observers, historical trends suggest that a potential price recovery could still be on the horizon.

Even as market players watch the market volatility with caution, a keen observation of market sentiments and the key price levels shows the possibility of a rebound as soon as Thanksgiving is over. Bitcoin remains up 126% for the entire year, and most enthusiasts still believe it could reach $100,000 by the end of 2024.

Tags: Bitcoin Price declineBitcoin Recoveryprice analysis
Previous Post

Bitcoin Reserve Proposal Could Redefine Brazil’s Digital Economy

Next Post

Is Bitwise Leading the Charge to Transform Crypto Funds into ETFs?

Tom Nyarunda

Tom Nyarunda

Tom Nyarunda is a writer with in-depth knowledge of blockchain, cryptocurrency, NFTs, and SaaS. Based in Kenya, Tom has devoted his time to the study of Bitcoin and cryptocurrency, as he believes them to be incorruptible products of the future.

SIMILAR NEWS

image 651
Cryptocurrency

Stage 14 Ignites 9.96% Jump: Troller Cat Presale at $0.00009667—Best Crypto to Explode in 2025 as SPX6900 Slides and Fartcoin Jumps

25 July 2025
image 659
Cryptocurrency

Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats

25 July 2025
Hong Kong Crypto Regulation
News

BREAKING: OSL Group Secures $300M to Build the Future of Regulated Crypto in Asia

25 July 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
DMCA
PROTECTED

Categories

  • Business
  • Cryptocurrency
  • Economy
  • en
  • News
  • Politics
  • World

Recent Posts

  • Stage 14 Ignites 9.96% Jump: Troller Cat Presale at $0.00009667—Best Crypto to Explode in 2025 as SPX6900 Slides and Fartcoin Jumps
  • Is Bull Season Back? MoonBull’s Best Crypto Whitelist Sparks Action as Turbo Gains and Pepe Retreats
  • BREAKING: OSL Group Secures $300M to Build the Future of Regulated Crypto in Asia
  • LOFI’s Run Is Over – Is MoonBull the Next Top Meme Coin to Watch? 
  • AVAX Breakout Incoming? Analysts See $40 Target as Shiba and UNI Stall

Site Navigation

  • Home
  • About Us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact

TurkishNY Radio

Banner 1
Banner 2
No Result
View All Result
  • Home
  • Cryptocurrency
  • Business
  • Economy
  • tr Türkçe
  • en English

  • English