Market Update

Bitcoin suffers from a significant decline amid rapid encryption market changes Flash news details

In the past 24 hours, Bitcoin (BTC) has seen a significant decline, with less than $ 60,000 at 11:30 am UTC on February 5, 2025, said Coinmarketcap (Source: Coinmarkcap, 5 February, 2025). This movement was operated through a series of organizational ads that rocked the investor confidence. Specifically, the unexpected SEC decision to delay the approval of many investment funds traded in the instant Bitcoin, which was announced at 9:00 am World time, led to immediate sales via the market (Source: SEC Declaration, February 5, 2025) . Meanwhile, ETHEREUM (ETH) also faced pressure, decreasing to $ 3,200 at 12:00 pm UTC, affected by the same organizational news (Source: Coingecko, February 5, 2025). In addition, the BTC/USD trading volume on Binance increased to $ 2.5 billion within an hour of the SEC announcement, indicating an increase in market activity and fluctuation). On the artificial intelligence front, a great development occurred when Google announced the integration of the new artificial intelligence model, Gemini, in its financial services at 2:00 pm UTC, which directly affected the symbols associated with AI such as Singularnet (AGIX) and Fetch.AI (Fet), causing its prices to increase by 8 % and 6 %, respectively, within 30 minutes of advertising (Source: Google Press Release, 5 February 2025; 3: 00 pm UTC). This event also increased trading volumes of these symbols, as AGIX/USD and Fet/USD 00 pm International time.

Trading effects of these multi -side events. The SEC delay in ETF approval does not only cause a decrease in BTC but also led to broader market sales, as it is clear from a 5 % decrease in the total maximum market to $ 1.7 trillion at 1:00 pm UTC (Source: Coinmarkcap February 5, 2025). This created organizational uncertainty, which prompted merchants to control their strategies. For example, the BTC/USD pair on Coinbase witnessed an increase in short centers by 15 % during the first hour of SEC (Source: Coinbase Trading Data, February 5, 2025, 9:00 am UTC until 10:00 am UTC). Meanwhile, the positive news from Google has provided a budget intelligence integration, which enhances the symbols associated with the prosecution. This difference in market morale created trading opportunities, especially in the artificial intelligence sector, as symbols such as AGIX and Fet showed flexibility and growth amid wider market fluctuations. The relationship between the developments of artificial intelligence and the feeling of the encryption market is clear, as the distinctive symbols often work as a hedge against the decline that regulation moves in the broader market (Source: encryption analysis, February 5, 2025).

From a technical perspective, BTC/USD showed a lipped pattern on the graph for one hour at 11:30 am UTC, indicating the potential negative side (Source: TradingView, February 5, 2025). The Relative Power Index (RSI) of BTC/USD decreased to 35, indicating excessive selling conditions and recovery (Source: TradingView, 5 February, 2025, 12:00 pm UTC). ETH/USD showed similar patterns, with RSI in 38, indicating a similar state (Source: TradingView, February 5, 2025, 12:30 pm UTC). The trading volumes of BTC and ETH remained high, as the BTC/USD size on Kraken is $ 1.8 billion and ETH/USD at a value of $ 800 million between 11:00 am UTC and 1:00 pm UTC (Source: Kraken,, February 5, 2025). The scales on the series supported the Haboodi feelings as well, with a 10 % active bitcoin headlines to 800,000 at 1:00 pm UTC, indicating a decrease in network activity (Source: Glassnode, February 5, 2025). On the contrary, artificial intelligence symbols such as AGIX and FET have seen the increasing network activity, with AGIX addresses increasing by 20 % to 12000 and FET by 15 % to 10,000 between 2:30 pm UTC and 3:00 pm UTC ( Source: Glassnode, February 5, 2025). The integration of artificial intelligence into financial services by Google not only enhanced the prices of AI’s symbols but also increased trading and activity sizes on the chain, highlighting the direct link between developments of artificial intelligence and the coding market dynamics (Source: Cryptoquant, February 5, 2025).

The relationship between the developments of artificial intelligence and the encryption market is increasingly important. The Google Declaration affected the integration of Gemini in financial services at 2:00 pm UTC directly, causing an increase in their prices and trading volumes. This event also affected main encryption assets like BTC and ETH, where investors have turned some of their focus and symbols towards AI’s distinctive symbols, which may reduce losses from the broader market shrinkage. The flexibility of the artificial intelligence sector and the growth capabilities provides the uncertainty in the encryption market for merchants unique opportunities to take advantage of this intersection. The monitoring of AI’s trading changes and their impact on market morale will be very important for traders looking to move in these volatile circumstances effectively (Source: Cryptoquant analysis, February 5, 2025).

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