{"id":16982,"date":"2025-03-10T11:16:49","date_gmt":"2025-03-10T11:16:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16982"},"modified":"2025-03-10T11:16:49","modified_gmt":"2025-03-10T11:16:49","slug":"deja-vu-grips-crypto-market-as-btc-mirrors-price-action-seen-after-u-s-bitcoin-etf-launch-van-straten","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16982","title":{"rendered":"Deja Vu Grips Crypto Market as BTC Mirrors Price Action Seen After U.S. Bitcoin ETF Launch: Van Straten"},"content":{"rendered":"<div>\n<p>Since President Trump was inaugurated on Jan. 20, bitcoin (BTC) has dropped from $109,000 to $80,000, making it a classic &#8220;sell the news&#8221; event. The correction has continued since the digital assets summit on Friday. <\/p>\n<p>While the price action may dictate short-term bearishness, bitcoin bulls could view it as a long-term positive catalyst, as the U.S. administration has shifted from a hostile stance under the previous administration to a more favorable one. However, the lack of immediate buying pressure suggests short-term weakness.<\/p>\n<p>A similar price action occurred during the much-anticipated launch of U.S. spot bitcoin ETFs in January 2024. From October 2023 to January 2024, bitcoin surged from $25,000 to $49,000\u2014over a 40% rally. However, the launch marked a local top, as the price subsequently declined by 20% over the following weeks before eventually reaching new all-time highs above $73,000 in March.<\/p>\n<p>This time, after President Trump won the U.S. election in November, bitcoin rallied 60%, hitting an all-time high of $109,000 in January before undergoing a nearly 30% correction.<\/p>\n<p>The common pattern in both instances is that bullish news triggered a local top in bitcoin\u2019s price, followed by a significant correction. The next variable is will bitcoin start to move higher after this correction has finished, with a lot depending on the <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/10\/bitcoin-traders-now-target-usd70k-as-japan-bond-yields-surges-to-near-17-year-highs\" target=\"_blank\">macro landscape<\/a>. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Since President Trump was inaugurated on Jan. 20, bitcoin (BTC) has dropped from $109,000 to $80,000, making it a classic &#8220;sell the news&#8221; event. The correction has continued since the digital assets summit on Friday. While the price action may dictate short-term bearishness, bitcoin bulls could view it as a long-term positive catalyst, as the [&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-16982","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\/16982","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=16982"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16982\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}