Bitcoin fell below the key $60,000 level after Mt. Gox began repaying creditors by transferring over 47,000 BTC from cold storage, sparking a sharp selloff. This move caused Bitcoin to drop nearly 7% in 24 hours and triggered $664.5 million in crypto liquidations, intensifying market fear. The breach of this psychological support level signals potential further downside, as traders watch if Bitcoin can reclaim $60,000 or if it turns into resistance. Future Mt. Gox repayments may continue to pressure the market in stages, keeping volatility high.
Bitcoin's price dropped sharply to a low of $61,073, trading around $62,860 and down 14% over the past week. Institutional investors with Bitcoin treasuries, such as Strategy and Metaplanet, are facing significant unrealized losses, with Strategy alo...
Bitcoin fell below $60,000 for the first time since 2024, breaking its 200-week moving average and triggering a wave of liquidations worth nearly $1.6 billion in 24 hours. Most losses hit retail investors, especially on Binance, where a $13.31 millio...
Bitcoin fell below $60,000, extending a 10-day decline amid $1.5 billion in crypto long position liquidations triggered by stronger-than-expected US jobs data. The US added 172,000 jobs in May, raising concerns about reduced Federal Reserve rate cuts...
Cryptocurrency markets saw significant declines, with Bitcoin falling 6.02% to $60,071 and Ethereum dropping 11.84% to $1,564. Other notable coins like Binance Coin, XRP, and Cardano also experienced sharp losses, some exceeding 15%. This widespread ...
Binance recorded a net inflow of $47.3 million in USDT within one hour, indicating a significant movement of stablecoin capital into the exchange. This inflow suggests traders may be positioning to buy cryptocurrencies like Bitcoin or Ethereum, altho...
