Jerome Powell is likely to reiterate the Fed's pro-stimulus stance later today, possibly putting a floor under bitcoin and stocks.
Bitcoin's average daily range to date in 2021 is $3,765.
Analysts are mixed on how low bitcoin might go if a bigger pullback is seen.
For all of 2020, bitcoin rose 305%.
Markets still remain bullish; retail traders take to derivatives.
How Tesla caught a lucky break.
GameStop's stock drama has had a galvanizing effect on stocks, bitcoin and even dogecoin.
Bitcoin's price is going down for many reasons including traders who realized gains last year selling to pay their tax bills.
Some institutions have paused their buying, at least for the moment.
Bitcoin gains in 2021 dropped below 1% as strong selling continues.
Uncertainty is leading many to take short-term profit, according to the "Coinbase Premium" indicator.
The sell-off also led to major corrections for other cryptocurrencies including ether, stellar, xrp and chainlink.
Analysts and mining pools say selling pressure from mining wallets hasn't contributed to recent corrections in bitcoin's price.
DOT reached its all-time high of $13.22 just six days after bitcoin’s price reached a new all-time high.
Bitcoin's active addresses and trading volumes broke their previous all-time high set in late 2017.