Bitcoin stabilized around $66,000 after falling about 18% from $81,000 amid a tough selloff. A stronger-than-expected ADP jobs report showing 122,000 new private-sector jobs in May helped pause the decline by suggesting the economy isn't collapsing, but the market remains in extreme fear. The upcoming U.S. nonfarm payrolls report is the key event investors are watching, as it could influence Federal Reserve policy and trigger further volatility. Investors should be cautious, as sentiment is very pessimistic and a break below $66,000 could lead to more downside, but a moderate payrolls number might spark a rebound.
Solana (SOL) price dropped to around $75.11, down nearly 5% in 24 hours and over 10% in a week, reflecting a broader risk-off sentiment in crypto markets. Trading volume surged by nearly 39%, mainly on centralized exchanges, indicating active reposit...
El Salvador continues to buy Bitcoin even as its price falls below $66,000, steadily increasing its reserves to nearly 7,600 BTC, worth over $510 million. This ongoing accumulation reflects a strategic choice by President Nayib Bukele to treat market...
Bitcoin may undergo a significant test in mid-June as its price could challenge the 200-week moving average, signaling potential weakness similar to past mid-cycle lows in 2018 and 2022. Analyst Benjamin Cowen notes the current pattern resembles 2018...
Bitcoin's price fell to $66,000 as market sentiment turned cautious, with profitability collapsing and realized losses rising. Options markets indicate elevated risk, reflecting uncertainty driven by regulatory pressures and macroeconomic factors. Th...
The Winklevoss twins transferred 1,000 Bitcoin worth about $67.5 million to a Gemini-linked hot wallet on June 3, coinciding with Bitcoin's drop below $66,000 amid rising U.S.-Iran tensions. Such transfers often suggest potential selling, though no s...
