{"id":15559,"date":"2025-02-28T16:46:34","date_gmt":"2025-02-28T16:46:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15559"},"modified":"2025-02-28T16:46:34","modified_gmt":"2025-02-28T16:46:34","slug":"bitcoins-24-correction-mostly-technical-say-experts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15559","title":{"rendered":"Bitcoin&#8217;s 24% Correction &#8216;Mostly Technical&#8217; Say Experts"},"content":{"rendered":"<div>\n<p>A sharp decline in cryptocurrency sentiment, dubbed a \u201cmega nuke\u201d by analysts, has gripped the market as <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) fell below $79,000 on Thursday evening, down 24% from its <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">January peak of $109,590<\/a>.<\/p>\n<p>Major altcoins including <strong>BNB <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/bnb\/usd\">BNB<\/a>), <strong>Solana <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/sol\/usd\">SOL<\/a>), and <strong>Dogecoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\">DOGE<\/a>) all fell down between 12 and 15%.<\/p>\n<p><strong>What Happened: <\/strong>Speaking with Benzinga, experts attribute this plunge to a mix of technical corrections, <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43923960\/citadel-securities-moves-into-crypto-market-making-following-trumps-crypto-friendly-regulation-push\">regulatory uncertainty<\/a> under the <strong>Donald Trump<\/strong> administration, and a <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/44038042\/bybits-mega-ethereum-hack-sparks-hard-fork-divide-a-choice-between-preventing-kim-jong-uns-nuclear-ambitions-and-blockchain-immutability\">$1.5 billion <strong>Bybit <\/strong>hack<\/a>, with industry voices offering varied perspectives on the downturn&#8217;s drivers and potential recovery.<\/p>\n<p><strong>Bitfinex <\/strong>analysts pinpointed multiple triggers for the sentiment crash. <\/p>\n<p>&#8220;The combination of a sharp Bitcoin price drop, regulatory uncertainty, security breaches and declining altcoin valuations has led to extreme fear in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/44048486\/bitcoins-24-correction-mostly-technical-say-experts\" alt=\"Bitcoin's\" correction technical say experts>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A sharp decline in cryptocurrency sentiment, dubbed a \u201cmega nuke\u201d by analysts, has gripped the market as Bitcoin (CRYPTO: BTC) fell below $79,000 on Thursday evening, down 24% from its January peak of $109,590. Major altcoins including BNB (CRYPTO: BNB), Solana (CRYPTO: SOL), and Dogecoin (CRYPTO: DOGE) all fell down between 12 and 15%. What [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15559","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15559"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15559\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}