Bitcoin's price has dropped sharply within a bear flag pattern, hitting near the bottom trendline and wiping out over $5,000 in value in less than two days. Despite a series of lower highs and lows signaling bearish momentum, technical indicators like the 100-day SMA and oversold conditions suggest a potential bounce. A smaller bull flag within the larger bear flag could trigger a rally toward $90,000 if the bullish move materializes. However, bearish sentiment and significant Bitcoin outflows from U.S. Spot ETFs could push the price further down, making the near future critical for Bitcoin's direction.
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...
Bitcoin fell below $65,000 following Iran's rejection of renewed peace talks with the US, intensifying geopolitical risks. Despite former President Trump's claim that Iran sought a deal, Iran's Foreign Ministry confirmed no plans for negotiations, pr...
Bitcoin crossed the $65,000 mark with improving market sentiment, reflected by a Crypto Fear & Greed Index of 35. Despite recent volatility and liquidation of over 79,000 traders, Bitcoin and Ethereum saw significant inflows into spot ETFs, signaling...
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
