Bitcoin dropped below $77,000, its lowest since early May, driven by a surge in crude oil prices above $110 per barrel and rising U.S. Treasury yields hitting 5.13% for 30-year bonds—the highest since 2007. This environment pushed investors toward safer assets, causing over $500 million in leveraged long Bitcoin positions to be liquidated in just one hour. Long-term holders remain steady, but recent buyers face losses, increasing market fragility. Upcoming events like Nvidia's earnings and U.S. inflation data could further influence market direction.
A trader known as Killa is maintaining a long Bitcoin position opened at $76,400 and will only exit if Bitcoin hits his target price or the stop loss is triggered. He emphasizes patience and sticking to his trading plan without panic, despite sideway...
On October 27, Bitway (BTW) surged 34.97% to $1.54, topping the 24-hour performance among the 90 largest cryptocurrencies excluding stablecoins. Despite this gain, the broader market saw more declines than advances, with 55 cryptocurrencies falling a...
China's AI-focused STAR50 index dropped 4.81%, continuing a 40% decline since July, wiping out about $480 billion in value. While this selloff hasn't directly affected Bitcoin due to China's crypto bans, concerns about US tech earnings and AI spendin...
XRP commentator Tony Edward criticized extreme price predictions of $10,000, $25,000, and $50,000 per token, arguing they overlook market capitalization and the likelihood that institutions will use multiple blockchain networks, not just XRP. Speakin...
On October 27, Bitcoin was recorded at $79,996.30, slightly below the $80,000 mark, showing a minor daily decline of 0.54%. This follows a larger drop on October 24, when Bitcoin fell 2.07% and also traded below $80,000. The October 27 figure is a sn...
