Bitcoin
Bitcoin (BTC)
$63,761.00 -0.85625
Bitcoin price
Ethereum
Ethereum (ETH)
$3,420.69 0.31537
Ethereum price
BNB
BNB (BNB)
$569.80 -0.16854
BNB price
Solana
Solana (SOL)
$158.04 0.92571
Solana price
XRP
XRP (XRP)
$0.5686140 -9.6607
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -8.02915
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.3348
Pepe price
Bonk
Bonk (BONK)
$0.0000265 -1.44719
Bonk price
Bitcoin
Bitcoin (BTC)
$63,761.00 -0.85625
Bitcoin price
Ethereum
Ethereum (ETH)
$3,420.69 0.31537
Ethereum price
BNB
BNB (BNB)
$569.80 -0.16854
BNB price
Solana
Solana (SOL)
$158.04 0.92571
Solana price
XRP
XRP (XRP)
$0.5686140 -9.6607
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -8.02915
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.3348
Pepe price
Bonk
Bonk (BONK)
$0.0000265 -1.44719
Bonk price
Bitcoin
Bitcoin (BTC)
$63,761.00 -0.85625
Bitcoin price
Ethereum
Ethereum (ETH)
$3,420.69 0.31537
Ethereum price
BNB
BNB (BNB)
$569.80 -0.16854
BNB price
Solana
Solana (SOL)
$158.04 0.92571
Solana price
XRP
XRP (XRP)
$0.5686140 -9.6607
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -8.02915
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.3348
Pepe price
Bonk
Bonk (BONK)
$0.0000265 -1.44719
Bonk price
Bitcoin
Bitcoin (BTC)
$63,761.00 -0.85625
Bitcoin price
Ethereum
Ethereum (ETH)
$3,420.69 0.31537
Ethereum price
BNB
BNB (BNB)
$569.80 -0.16854
BNB price
Solana
Solana (SOL)
$158.04 0.92571
Solana price
XRP
XRP (XRP)
$0.5686140 -9.6607
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 -8.02915
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000116 -2.3348
Pepe price
Bonk
Bonk (BONK)
$0.0000265 -1.44719
Bonk price

Bitcoin’s pullback — warning sign or blip on the radar?

bitcoins-pullback-warning-sign-or-blip-on-the-radar
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News
Bitcoin’s pullback — warning sign or blip on the radar?

A broad selloff has hit cryptocurrency markets over the past 24 hours, with the overall market capitalization falling nearly 3% to $1.27 trillion. The pullback comes after digital asset prices rallied strongly through October, with greed sentiment recently hitting two-year highs according to the Crypto Fear and Greed index.

According to Alex Kuptsikevich, senior market analyst at FxPro, the current dynamics fit the narrative of Bitcoin (BTC) as a safe haven asset, with rising demand for equities playing against the largest cryptocurrency. However, Kuptsikevich cautions against relying too heavily on Bitcoin’s defensive status, arguing the cryptocurrency remains highly sensitive to changes in broader risk appetite and often leads such market swings.

Its latest turnaround could foreshadow an intensifying sell-off in equities.

Alex Kuptsikevich

According to Kuptsikevich, Bitcoin likely entered a correction phase amid the broader risk-off move, but its longer-term bullish trajectory remains intact while prices hold above $32,300. Ethereum has fallen back below its 200-day moving average around $1,770, leaving it vulnerable to a decline toward $1,740 barring a swift reversal of sentiment.

The pullback across crypto markets comes despite a generally favorable news backdrop. Comments from market strategist Michael van de Poppe expressed confidence the Federal Reserve has completed its monetary policy tightening campaign, which could provide tailwinds to risk assets including Bitcoin.

Investment giant Fidelity continued its praise of Bitcoin as a burgeoning savings technology and inflation hedge. Corporate Bitcoin adoption continues, with MicroStrategy revealing additional BTC purchases last month.

However, regulatory scrutiny remains intensifying, particularly related to stablecoins like PYUSD which PayPal launched this summer without oversight. The SEC has reportedly opened an investigation into Paypal’s stablecoin, further illustrating the uncertain regulatory environment facing digital assets.

For now, the crypto pullback appears to be more of a breather than the start of a new bearish trend. But sustaining the massive gains of the past month could require continually favorable macro conditions. With recession risks lingering and central banks still plotting additional rate hikes, volatility likely persists for Bitcoin and altcoins.