The cryptocurrency market experienced a sharp crash in early June, wiping out about $250 billion in value as Bitcoin fell 17% and Ethereum dropped 14%, reaching its lowest price in over a year. This sell-off was driven by massive liquidations, especially on leveraged positions, and a sudden $1.4 billion outflow from US spot Bitcoin ETFs amid rising macroeconomic uncertainty and higher Treasury yields. While traditional stock markets remain stable, analysts debate if the crash is due to market manipulation by large holders or if crypto is anticipating a broader economic downturn. Investors are now watching Bitcoin's $60,000 support level closely, as a breach could signal a prolonged bearish trend.
Investment bank Bernstein forecasts Bitcoin rising to $150,000 by mid-2027 and $300,000 by 2029 due to debt crises and institutional demand. However, Charles Edwards warns this is only feasible if Bitcoin Core developers implement quantum-resistant c...
Bitcoin fell below $78,000 after U.S. July inflation data showed higher-than-expected Personal Consumption Expenditures, signaling persistent inflation above the Federal Reserve's target. This raised fears that the Fed may need to maintain tighter mo...
Cryptocurrency markets saw a general decline with Bitcoin trading near $77,968, down 1.83%. Ethereum and Binance Coin also fell by over 1%, while XRP and Dogecoin experienced sharper drops of nearly 7% and 5.3% respectively. Stablecoins remained stea...
Bitcoin fell below $78,000 following U.S. Personal Consumption Expenditures (PCE) inflation data that exceeded expectations, raising concerns about the Federal Reserve's monetary policy. The PCE Price Index rose 0.2% month-over-month in July, above t...
Bitcoin shows signs of short-term profit-taking but strong long-term bullish indicators, with CryptoQuant's Bull Score hitting its highest since October 2025. Bernstein raised its Bitcoin price forecast to $150,000 by mid-2027 and up to $300,000 by 2...
