Bitcoin fell below $71,000, raising concerns about its weakness compared to the strong Nasdaq market. Analyst Peter Schiff warned that if Bitcoin is weak while Nasdaq hits record highs, it could drop significantly during a Nasdaq correction or bear market. Analyst Benjamin Cowen expects Bitcoin to briefly bounce near $70,000 before potentially falling back to February lows around $62,000. Technical indicators show bearish signals, with resistance levels above current prices and no signs of momentum reversal, suggesting further downside risk if Bitcoin loses the $70,000 support level.
Bitcoin fell below $71,000 on June 1, marking its lowest point since April, amid rising U.S.-Iran military tensions and a broader crypto market sell-off. This decline wiped out $627 million in leveraged positions and reduced the total crypto market c...
Bitcoin fell sharply by about 3% at the start of the month following news that Michael Saylor sold Bitcoin for the first time. This triggered significant liquidations, with over 154,000 traders losing positions worth $632 million in 24 hours. Spot Bi...
Crypto investment products experienced $1.67 billion in outflows last week, marking the second-largest weekly withdrawal of 2026, driven mainly by U.S. investors amid rising geopolitical tensions involving Iran and Israel. Bitcoin funds faced the lar...
Bitcoin fell below $71,000 due to escalating geopolitical tensions between the US and Iran, including threats to block key maritime routes. The decline was compounded by Strategy's sale of 32 BTC to fund dividends, marking its first Bitcoin sale sinc...
Cryptocurrency markets saw a general downturn with major coins like Bitcoin dropping 3.2% to $71,053 and Ethereum falling 1.47% to $1,968.62. Other notable cryptocurrencies such as Binance Coin and XRP also experienced declines. This reflects ongoing...
