Coinkolik

Bitcoin (BTC), the most valuable cryptocurrency in terms of market value, has lost 15% of its value since touching an all-time high (ATH) of $108,000. While BTC's downward movement confuses the market, some analysts signal that the decline could intensify further.

In the fourth part of our series, we will talk about anchoring (weeding), representativeness, and accessibility shortcuts.

Shortcut for reference point (cultivation)

A number, value, or state used as a reference point for individuals in making their subsequent predictions and assessments

Japanese Prime Minister Shigeru Ishiba made striking statements about strategic Bitcoin reserves. Prime Minister Ishiba has sparked a new debate.

According to the local media organization CoinPost's news dated December 26, Japanese Prime Minister Ishiba's strategic Bitcoin reserve implementation

Cryptocurrency analyst Michael van de Poppe predicted that Ether (ETH) will see more inflow in early 2025.

Chain metrics indicate that Ethereum is gaining strength against Bitcoin and that a significant divergence may be observed in January.

Cryptocurrency analyst interpreting metrics

Crypto commentator Oscar Ramos made statements that will excite XRP investors.

XRP, which dazzled in November with its performance, has started to weaken in recent days. Increasing selling pressure led to a nearly 20% decline in XRP price. The popular altcoin, especially the 20

Cryptocurrency detective ZachXBT stated that a hacker took over X accounts focused on cryptocurrency and made memecoin posts.

According to ZachXBT, the hacker took over 15X account and promoted fake memecoins. The blockchain researcher exposed the method used by the crypto thief.

Hacker, intercepted

The leading crypto Bitcoin (BTC) has experienced a major weekly decline for the first time since Donald Trump won the US presidential election.

BTC, which rallied significantly under the influence of Trump, was exposed to negative news flow last week after breaking consecutive records. BTC price 17

Bitcoin, which rose above $95,000 with a reaction it received after buying at $93,700, revived the altcoin market.

Bitcoin, which has been in a downward trend for the past two weeks, has started to show positive signals. The leader of cryptocurrencies, which reached $93,700 in the morning, later reached $96,500.

The popular memecoin PEPE, which is located on the Ethereum blockchain, recorded a nearly 30% rise from its low level created on December 20th.

PEPE recorded a 33% decline between December 18 and December 20. Following this decline, PEPE fell to $0.00001441, hitting a potential low.

In the third part of our series where we examine cognitive biases in crypto, we will talk about confirmation bias, hindsight bias, and illusion of correlation.

Verification bias

When individuals search, choose, interpret or recall information, they do so based on their own thoughts and beliefs.

Bitcoin, which started to decline after Fed Chairman Jerome Powell's press conference, led to a significant outflow of money from the crypto market.

Despite the Fed's interest rate cut, Bitcoin (BTC) price dropped to $98,500 due to Powell's hawkish remarks. BTC lost nearly 6% of its value.