{"id":6987,"date":"2025-01-10T11:02:03","date_gmt":"2025-01-10T11:02:03","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6987"},"modified":"2025-01-10T11:02:03","modified_gmt":"2025-01-10T11:02:03","slug":"when-will-crypto-recover-why-does-crypto-keep-going-down","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6987","title":{"rendered":"When Will Crypto Recover? Why Does Crypto Keep Going Down?"},"content":{"rendered":"<div>\n<p>Why is crypto going down as the market cap plummets to $3.3Tn? Will crypto recover in 2025? Find out more about the crypto crash here.<\/p>\n<p><span data-preserver-spaces=\"true\">The crypto market is turbulent as bulls hold on, attempting to soak in the deluge of selling pressure seen in the better part of this week. While confidence is high, there is not much for optimistic buyers. If anything, Bitcoin and top crypto assets are inches away from critical, multi-week support levels.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">From the weekly chart, Bitcoin <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke: ;\n        stroke-width: ;<\/p>\n<p>    }\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"btc-bitcoin\" id=\"coin_widget_id_6780fb24dafc6\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"btc-bitcoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background: #e0e0e0; \"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"btc-bitcoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\" width=\"16px\" height=\"16px\"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"btc-bitcoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Trading volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Last 7d price movement<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> has found strong support at $90,000 and is inside a bull flag. Overall, there is hope that prices will recover, breaking $100,000 and resuming the uptrend of Q1 2024. Any uptick will be the much-needed tailwind for Ethereum, Dogecoin, Solana, and top altcoins, already down double digits in the last trading week.<\/span><\/p>\n<p>According to <a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener\">Coingecko<\/a>, the total market cap is down nearly 4% to $3.3 trillion.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-190294\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-19.png\" alt=\"\" width=\"1431\" height=\"763\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-19.png 1431w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-19-300x160.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-19-1024x546.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-19-768x409.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-19-50x27.png 50w\" sizes=\"(max-width: 1431px) 100vw, 1431px\"><\/p>\n<p><span data-preserver-spaces=\"true\">The drop seen this week is partly driven by strong economic data from the United States and the flush out in the crypto perpetual platforms. In Binance, Bybit, and OKX, billions worth of leverage positions have been liquidated. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">From what\u2019s visible in the markets, questions are beginning to emerge about whether Bitcoin and crypto will recover in the face of better-than-expected macroeconomic events.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Why Crypto Is Down? Everything to Know About Continued Crypto Crash<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier this week, the United States Bureau of Labor Statistics revealed more job openings by the close of November. By the end of November, there were 8.1 million open positions versus the projected 7.6 million. This figure points to a strong labor market, coming when there are concerns about a recession in the United States.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Later today, the Non-Farm Payrolls (NFP) results will be released. Economists expect the economy to create 160,000 jobs, down from the over 224,000. If the released data exceeds economists\u2019 estimates, the USD could strengthen, pushing crypto prices even lower.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-190296\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-20.png\" alt=\"\" width=\"912\" height=\"710\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-20.png 912w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-20-300x234.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-20-768x598.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-20-50x39.png 50w\" sizes=\"auto, (max-width: 912px) 100vw, 912px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/economic-indicator\/nfp\" target=\"_blank\" rel=\"noopener\">Source<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">A rallying greenback will trigger more long liquidations, as seen this week. According to Coinglass, over $336 million of positions have been closed in the last 24 hours. Specifically, $224 million worth of leverage longs on Binance, OKX, and Bybit were forcefully closed. Meanwhile, $111 million of shorts were liquidated.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-190293\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-18-1.png\" alt=\"\" width=\"1448\" height=\"511\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-18-1.png 1448w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-18-1-300x106.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-18-1-1024x361.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-18-1-768x271.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/Screenshot-18-1-50x18.png 50w\" sizes=\"auto, (max-width: 1448px) 100vw, 1448px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.coinglass.com\/\" target=\"_blank\" rel=\"noopener\">Source<\/a>)<\/p>\n<p>In total, more than 123,000 traders were liquidated.<\/p>\n<p><span data-preserver-spaces=\"true\">Overall, the Federal Reserve continues prioritizing the labor market data as it develops its next monetary policy moves. If there is improvement and the economy continues to churn out more jobs, the probability of the central bank slashing rates aggressively will diminish. A hawkish stance, in turn, weighs heavily on speculative assets, pushing prices lower.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Federal Reserve Chair Powell speaks after Fed cuts interest rates by a quarter point\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/e7ysmXVJqC4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">In this scenario, bond yields will also rise, forcing capital to treasuries, away from \u201crisky\u201d Bitcoin and crypto.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Will Bitcoin, Ethereum, and Altcoin Prices Recover?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Technical candlestick formations still favor buyers. As such, Bitcoin bulls could take over.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/www.tradingview.com\/x\/u0cVVvVp\/\" alt=\"Why is crypto going down as the market cap plummets to $3.3Tn? Will crypto recover in 2025? Find out about the crypto crash and more here.\" width=\"1827\" height=\"892\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" target=\"_blank\" rel=\"noopener\">BTCUSDT<\/a>)<\/p>\n<p><span data-preserver-spaces=\"true\">However, it is worth noting that during the current crypto downturn, central banks appear to be shifting away from rate-cutting regimes to holding steady or proposing even higher rates. For this reason, equities and crypto could see liquidity outflows, amplifying Bitcoin and altcoins\u2019 vulnerabilities to macroeconomic shocks. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The good news is that Donald Trump is back in office, and his administration\u2019s policies could support crypto. Trump, as seen during his campaigns, was more crypto-friendly.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">At the same time, Gary Gensler, the chair of the Securities and Exchange Commission (<a class=\"general-link\" title=\"Coinbase Secures Partial Win As Judge Approves Appeal In SEC Lawsuit\" href=\"https:\/\/99bitcoins.com\/news\/coinbase-secures-partial-win-as-judge-approves-appeal-in-sec-lawsuit\/\" target=\"_blank\" rel=\"noopener\">SEC<\/a>), is stepping down this month. The president-elect will replace him with a more crypto-friendly Paul Atkins. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">His nomination could catalyze growth, allowing for the drafting of clearer crypto rules and reduced scrutiny.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">15 New &amp; Upcoming Coinbase Listings to Watch in 2025<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/when-will-crypto-recover-why-does-crypto-keep-going-down\/\">When Will Crypto Recover? Why Does Crypto Keep Going Down?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is crypto going down as the market cap plummets to $3.3Tn? Will crypto recover in 2025? Find out more about the crypto crash here. The crypto market is turbulent as bulls hold on, attempting to soak in the deluge of selling pressure seen in the better part of this week. While confidence is high, [&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-6987","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\/6987","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=6987"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6987\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}