Bitcoin dumped to $89k then pumped to $97k the next day - Can it be done again?

[ancafe]

For those who were watching their bitcoin and cryptocurrency portfolios drop significantly yesterday probably wondered what caused such a downward spiral then sudden rise of nearly $8,000 in less than a 24 hour time period.

This is the reason why I believe caused it to come out of the ashes of misery yesterday:
Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.

Although it has a relationship to the occurrence of a bitcoin downturn in the near future, I see the process happening naturally as usual and also influenced by other events that affect the decline in the price of bitcoin. In relation to the increasing adoption value, trust in bitcoin is growing and basic considerations related to hedging that are often discussed by most people and Meta itself may start to consider it. A majority of the Meta board needs to vote to smooth the move and maybe the testing phase will occur after that is agreed upon carefully.

That's a good decision because even though there is debate to reach a full vote, it requires approval from the Meta board itself. $ 72 billion is a large amount and requires approval that may not be easy to implement directly and allocating it in full at one time may be something that needs to be thought through carefully.

[FortuneFollower]

Although it has a relationship to the occurrence of a bitcoin downturn in the near future, I see the process happening naturally as usual and also influenced by other events that affect the decline in the price of bitcoin. In relation to the increasing adoption value, trust in bitcoin is growing and basic considerations related to hedging that are often discussed by most people and Meta itself may start to consider it. A majority of the Meta board needs to vote to smooth the move and maybe the testing phase will occur after that is agreed upon carefully.

That's a good decision because even though there is debate to reach a full vote, it requires approval from the Meta board itself. $ 72 billion is a large amount and requires approval that may not be easy to implement directly and allocating it in full at one time may be something that needs to be thought through carefully.

It will need lots, lots of confidence from the board to even consider implementing such steps ahead.
Surely, they would be able to see the potential in Bitcoin, but they would consider risks very carefully, due to them not using it for such matters beforehand.
I do think the money we are talking about are huge, but it's a tear drop for the Meta, imo.

[ancafe]

It will need lots, lots of confidence from the board to even consider implementing such steps ahead.
Surely, they would be able to see the potential in Bitcoin, but they would consider risks very carefully, due to them not using it for such matters beforehand.
I do think the money we are talking about are huge, but it's a tear drop for the Meta, imo.

I searched online news about Ethan Peck's proposal for bitcoin reserves as an effort to combat inflation and maybe he has a strong belief in bitcoin as a hedge so he dares to propose the proposal but if the board of directors does not approve then it seems difficult to implement the proposal because as far as I know every director must have different beliefs from his idea. Mark Zuckerberg himself as CEO is starting to be indirectly interested in bitcoin so this step should be good to implement.

Thus more and more companies are starting to involve their portfolios in bitcoin investments and most of them argue to protect the value of their assets because talking about inflation that could possibly get out of control at any time so it does not affect the company's financial value indirectly.

[UmerIdrees]

Thus more and more companies are starting to involve their portfolios in bitcoin investments and most of them argue to protect the value of their assets because talking about inflation that could possibly get out of control at any time so it does not affect the company's financial value indirectly.

The overall macro prospective for Bitcoin is very positive and with the Bitcoin strategic reserves and other countries following it we cannot imagine how high the price of Bitcoin will be in the next few months and years.

However this is not that we will move up straight and there will be lot of ups and downs. Talking about the current price action for Bitcoin,  the prices ranging from 89k to 106k and this has been a range bound market for quite sometime now. This range can break at either side, either we will see all time high again or we may see another pull back before going to all time high.

[FortuneFollower]

Thus more and more companies are starting to involve their portfolios in bitcoin investments and most of them argue to protect the value of their assets because talking about inflation that could possibly get out of control at any time so it does not affect the company's financial value indirectly.

The overall macro prospective for Bitcoin is very positive and with the Bitcoin strategic reserves and other countries following it we cannot imagine how high the price of Bitcoin will be in the next few months and years.

However this is not that we will move up straight and there will be lot of ups and downs. Talking about the current price action for Bitcoin,  the prices ranging from 89k to 106k and this has been a range bound market for quite sometime now. This range can break at either side, either we will see all time high again or we may see another pull back before going to all time high.

Agreed.
We will see big moves in 2025 for sure, we just don't know when the dominos will start to fall.

[summonerrk]

Now any stupid news item can control the price of not only Bitcoin but also the entire stock market. And we have seen this now, for example, news from DeepSeek. The fact is that the news was received by the whole world shockingly, although now it turned out that the Chinese created a poorly protected neural network from a security point of view.
This means that OpenAI has such high expenses for a reason. It is better to overpay but have a safe AI that will not create a data leak after a while. Perhaps that is why we have been seeing positive sentiments about Bitcoin and other crypto for the second day.

[kryptqnick]

A proposal is far from a closed deal, but the amount of money is significant enough that even potential approval apparently played its role. In any case, these are such minor and short-lived fluctuations for Bitcoin that I'm not paying attention to them. Yes, it's not something that happens every way, but it's not a huge deal either. But adoption-wise, I believe it is good when big companies invest in Bitcoin, as it increases public trust in it and contributed to market capitalization.

[ancafe]

The overall macro prospective for Bitcoin is very positive and with the Bitcoin strategic reserves and other countries following it we cannot imagine how high the price of Bitcoin will be in the next few months and years.

However this is not that we will move up straight and there will be lot of ups and downs. Talking about the current price action for Bitcoin,  the prices ranging from 89k to 106k and this has been a range bound market for quite sometime now. This range can break at either side, either we will see all time high again or we may see another pull back before going to all time high.

Bitcoin price has indeed seen a much faster increase and that can be seen from the number of adoptions that have started to happen and even strategic reserves are being talked about by most countries and companies now. This shows a positive trend towards the journey of Bitcoin despite the price being volatile along the way and the more adoption that happens the better the prospects of the journey of Bitcoin in the future. Regarding the ups and downs in the journey of the price, it is a natural thing because it is impossible for it to change quickly according to desire and if it doesn’t look speculative it might not be called Bitcoin.

There are many reasons for the increase or decrease and it happens based on several events as it has happened in bitcoin. But the reason for supply and demand is a big thing that affects bitcoin to continue to grow as it is now. Even in the near future it is possible that we will see prices higher than before and I predict that it will happen in the month of June based on several combined analyses by analysts.

[X-ray]

A proposal is far from a closed deal, but the amount of money is significant enough that even potential approval apparently played its role. In any case, these are such minor and short-lived fluctuations for Bitcoin that I'm not paying attention to them. Yes, it's not something that happens every way, but it's not a huge deal either. But adoption-wise, I believe it is good when big companies invest in Bitcoin, as it increases public trust in it and contributed to market capitalization.

yeah the price swing is pretty normal and we've seen this kind of thing so often when BTC was at the level of $59k.

don't even need reasoning, we just know that at some point there will be flash dump and fast recovery with BTC since the nature is still pretty volatile and that's just how bitcoin is.
meta proposal can easily be dismissed just like microsoft's and I don't think it's such a huge news and I also don't think it's the force that drive the fast recovery.

[hero_the_bossman]

yeah the price swing is pretty normal and we've seen this kind of thing so often when BTC was at the level of $59k.

don't even need reasoning, we just know that at some point there will be flash dump and fast recovery with BTC since the nature is still pretty volatile and that's just how bitcoin is.
meta proposal can easily be dismissed just like microsoft's and I don't think it's such a huge news and I also don't think it's the force that drive the fast recovery.

Yep. NVIDIA and stock market due to them took the hit recently, and I do think that was the case with the situation back then a few days ago, and look where we are now 

[woez]

There are many reasons for the increase or decrease and it happens based on several events as it has happened in bitcoin. But the reason for supply and demand is a big thing that affects bitcoin to continue to grow as it is now. Even in the near future it is possible that we will see prices higher than before and I predict that it will happen in the month of June based on several combined analyses by analysts.

I personally agree with you supply and demand are the keys to all of this to assess a coin up or down regardless of market sentiment as an object of assessment as well. I think for June we should also see the correlation with the historical chart of BTC prices last year at least even though the numbers are different from now but what I mean is the pattern will be the same later.

[iBaba]

Now any stupid news item can control the price of not only Bitcoin but also the entire stock market. And we have seen this now, for example, news from DeepSeek. The fact is that the news was received by the whole world shockingly, although now it turned out that the Chinese created a poorly protected neural network from a security point of view.
This means that OpenAI has such high expenses for a reason. It is better to overpay but have a safe AI that will not create a data leak after a while. Perhaps that is why we have been seeing positive sentiments about Bitcoin and other crypto for the second day.

But does it mean that DeepSeek isn't well prepared because I see it as another emerging company who's ready to compete with OpenAI and Google's Gemini in the Artificial Intelligence industry. They've also been generating a large language model to rival these western AI companies. The focus of China has been on generative AI, multimodal AI and natural language processing which seeks to complete with the likes of OpenAI. The western media has however been criticizing DeepSeek and expressed their deep concerns about risks associated data leaks and infringement on user's data privacy  by the Chinese government. ChatGPT and Gemini is remain some of the best industry giants in the Generative AI industry today.

[NewRanger]

But does it mean that DeepSeek isn't well prepared because I see it as another emerging company who's ready to compete with OpenAI and Google's Gemini in the Artificial Intelligence industry. They've also been generating a large language model to rival these western AI companies. The focus of China has been on generative AI, multimodal AI and natural language processing which seeks to complete with the likes of OpenAI. The western media has however been criticizing DeepSeek and expressed their deep concerns about risks associated data leaks and infringement on user's data privacy  by the Chinese government. ChatGPT and Gemini is remain some of the best industry giants in the Generative AI industry today.

I simply think that this is not much different from the presence of new coins or tokens that are listed on several exchanges at any time, but in terms of advantages, new players could emerge who are able to present fresher and more innovative breakthroughs, but in general the presence of these new players is considered as one of the diversification of the global AI ecosystem.

[rdbase]

A proposal is far from a closed deal, but the amount of money is significant enough that even potential approval apparently played its role. In any case, these are such minor and short-lived fluctuations for Bitcoin that I'm not paying attention to them. Yes, it's not something that happens every way, but it's not a huge deal either. But adoption-wise, I believe it is good when big companies invest in Bitcoin, as it increases public trust in it and contributed to market capitalization.

yeah the price swing is pretty normal and we've seen this kind of thing so often when BTC was at the level of $59k.

don't even need reasoning, we just know that at some point there will be flash dump and fast recovery with BTC since the nature is still pretty volatile and that's just how bitcoin is.
meta proposal can easily be dismissed just like microsoft's and I don't think it's such a huge news and I also don't think it's the force that drive the fast recovery.

From high $105k earlier during midweek then the sudden downturn back down to $97k is pretty normal then.
Alright so we should expect anything from a $94k by tomorrow or even a $59k by midmonth with the rate of these so called normal fluctuations of 24 to 48 hour periodic changes in the price.

Have seen a quote from an account on X now set to private from viewing these posts on the price of bitcoin's correlation between the news and sudden changes on the market:

[nakamura12]

The news could have contributed to the pump for sure.

It may have contributed to the pump if the news is true but it isn't then it wouldn't have contributed to the pump although it is not the first time it happened because it also happened before but I am not quite sure when it happen. If you ask me about the reason why the price decrease is that many have dump some of their funds or maybe all of it for profit and the pump is when others have bought the coins that are sold during that time (I iay have been wrong though).

[Reid]

The news could have contributed to the pump for sure.

It may have contributed to the pump if the news is true but it isn't then it wouldn't have contributed to the pump although it is not the first time it happened because it also happened before but I am not quite sure when it happen. If you ask me about the reason why the price decrease is that many have dump some of their funds or maybe all of it for profit and the pump is when others have bought the coins that are sold during that time (I iay have been wrong though).

Yes, that's also my theory whenever a dump happens. News about Bitcoin can affect it but it's mostly upward if it's on the trend. But whenever a dump happens, I think whales are trying to make profits by selling and this is not just one whales, could be a group.

I am watching this guy Crypto Kid and he is trying to connect a Bitcoin dump that is to happen because of Trump's introduction of tariff to Mexico and Canada. Again, why is Trump always looking at the other countries first and not his own? This is what he did last time he was seated.
https://www.youtube.com/watch?v=RA9jwDfZmXY
Uncertainty. He says it could be dumped because of that reason since Trump is so unpredictable. But, it could just be a short-term thing if suddenly no one wants to deal with US anymore because of the tariff. He has some good explanations so I guess we could just watch it.

[cryptomaniac_xxx]

The news could have contributed to the pump for sure.

It may have contributed to the pump if the news is true but it isn't then it wouldn't have contributed to the pump although it is not the first time it happened because it also happened before but I am not quite sure when it happen. If you ask me about the reason why the price decrease is that many have dump some of their funds or maybe all of it for profit and the pump is when others have bought the coins that are sold during that time (I iay have been wrong though).

And talking about the news and the price itself, we are seeing $97k again. And this could be due to the tariffs,

President Donald J. Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China.  Energy resources from Canada will have a lower 10% tariff.

https://www.whitehouse.gov/fact-sheets/2025/02/fact-sheet-president-donald-j-trump-imposes-tariffs-on-imports-from-canada-mexico-and-china/

So nothing has change though since Trump become the President. There could be news that will contribute to the pump.
And then there are news that are going to have negative effect like this one, as we have come from $101++ or more to the current price of $97k. It even went as low as $91k if I'm not mistaken.

[aoluain]

TBH I find myself zoning out of the Bitcoin Market lately.

Do I need to know what caused the latest dump or pump? IMO no I really dont, its the nature
of the Bitcoin market, its volatile, always has been. The market movements dont change my life,
and they dont change the amount of Bitcoin in my wallets.

All the previous dumps and pumps fade into history, we can always revisit them of course, the
big ticket ones like MtGox and FTX and such which moved the markets but there are daily events
which affect the market -  tomorrow is another day!

[mrkhan90]

Actually, if we follow in cryptocurrency market, we can see that bitcoin price is remain $98k up in this time. We also know that cryptocurrency market is always depending on up and down. I think that it also a very simple matter for crypto market. We also know that yesterday we can see that bitcoin price is remain $99k up. I think that it will be a common factor in cryptocurrency market. So I think that in this time we should not be worried for this situation. But I believe that within a short time bitcoin comeback it's best price in cryptocurrency market. So I think that we should wait until for reach best position in bitcoin price.

[Reid]

Actually, if we follow in cryptocurrency market, we can see that bitcoin price is remain $98k up in this time. We also know that cryptocurrency market is always depending on up and down. I think that it also a very simple matter for crypto market. We also know that yesterday we can see that bitcoin price is remain $99k up. I think that it will be a common factor in cryptocurrency market. So I think that in this time we should not be worried for this situation. But I believe that within a short time bitcoin comeback it's best price in cryptocurrency market. So I think that we should wait until for reach best position in bitcoin price.

I rarely check the Bitcoin price nowadays, it's just when I visit this thread that I get to do it. I know that it will go up no matter what happens but right now all we can do is wait. Sometimes I do feel like I just want it to be a surprise. When a trend happens about Bitcoin, that's when you will know it is increasing again.
Whatever Trump and Elon is doing, it seems like the Bitcoin market also reacts on it. Just recently many things are happening in the US including the consumer protection being halted to work.
Trump administration orders consumer protection agency (CFPB) to stop work, closes building
https://apnews.com/article/trump-consumer-protection-cease-1b93c60a773b6b5ee629e769ae6850e9

Dennis Kelleher, president of Better Markets, an advocacy group, said, “that’s why Wall Street’s biggest banks and Trump’s billionaire allies hate the bureau: it’s an effective cop on the finance beat and has stood side-by-side with hundreds of millions of Americans — Republicans and Democrats — battling financial predators, scammers, and crooks.”

Expect more dumps as they stir the financial industry of their country.