Bitcoin Hits $94,000: Is A Major Correction Coming?

By: cointribuneen|2025/05/06 19:30:03
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As the crypto market begins a slight pullback at the start of this week, bitcoin records a moderate decline to 94,132 dollars. A technical correction occurring after a peak near 98,000 dollars last Friday. Should this be seen as a simple temporary slowdown or a deeper warning signal? Bitcoin takes a step back After flirting with 98,000 dollars last Friday, bitcoin (BTC) begins a technical correction this Monday by falling back to 94,132 dollars, a 1.45% decrease over 24 hours. The overall crypto market also falls by 1.06%, reaching a capitalization of 2.93 trillion dollars, while stock markets remain generally stable. This BTC pullback comes after a week marked by a strong rebound driven by good U.S. employment figures for April. However, uncertainties related to Donald Trump’s tariff policies seem to weigh on risk appetite. As a result, investors turn to safe havens like gold — up 2.38% to 3,320.60 dollars per ounce — or bitcoin, despite its volatility. Slowdown or warning signal? This bitcoin decline happens in a context where several factors could significantly influence its development this week . First, the decision of the U.S. Federal Reserve (Fed) on interest rates, expected on May 7, is being closely watched. Jerome Powell’s comments could cause significant market movements and investors are likely withdrawing their bitcoin as a precaution. Next, recession fears are fueling demand for bitcoin, especially amidst trade tensions between the United States and China. In this environment, BTC attracts investors seeking protection against economic risks. In this specific case, this drop below 94,000 dollars would be only temporary. Furthermore, this correction does not discourage institutional players, as Michael Saylor announced the purchase of 1,895 BTC for about 180 million dollars. His company now holds 555,450 BTC, a strong signal of confidence in bitcoin’s long-term value. Despite an apparent correction, bitcoin therefore retains the confidence of major investors and remains supported by an uncertain macroeconomic context. The 94,000 dollar threshold could well be just a step before a new upward momentum, provided the Fed does not deliver an unexpected chill, given that Jerome Powell refuses to lower rates .

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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