Bitcoin's price fell to around $63,000, its lowest since February, dropping over 14% this week and 21% in the past month. This decline has increased market volatility, with the 30-day implied volatility index reaching its highest since April. Institutional demand is waning, as shown by 13 consecutive days of outflows from U.S.-listed spot bitcoin ETFs. Analysts warn that lack of new positive catalysts, liquidity shifts to other tech sectors like AI, and concerns about Mt. Gox-related selling could drive further price drops, with key support levels around $60,000 and some speculating a bottom near $50,000.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
