Bitcoin's price dropped below $60,000, reaching a low of $59,658, driven by pre-halving market volatility and $2.43 billion in outflows from U.S. spot Bitcoin ETFs in May. This decline reflects broader economic concerns like inflation and high interest rates rather than crypto-specific issues. Analysts see reduced institutional demand and a cautious market outlook, with recovery to $66,000-$70,000 unlikely soon. Investors should watch for Federal Reserve announcements and regulatory developments that could impact Bitcoin's price trajectory.
In the latest 24-hour crypto market update, Bitway (BTW) experienced the steepest drop, falling 20.65% to $1.18, continuing its downward trend from the previous day. Conversely, Stacks (STX) led gains with an 8.50% rise to $0.301. Other notable mover...
Bitcoin is currently testing the average break-even price of short-term holders, showing resilience despite a recent hot-wallet attack on Binance. Analyst Axel Adler Jr. noted that the market's response to this incident has been relatively muted comp...
Bitcoin fell below its daily lower Bollinger Band at $77,617, trading around $77,326 and down 1.33% over 24 hours. Technical indicators like stochastic readings below 20 suggest weak momentum, though they do not confirm a trend reversal. The relative...
After Binance's security incident on October 29, Bitcoin, Ether, and XRP prices dropped, with crypto analyst Ali Martinez identifying support levels at $73,000 for Bitcoin, $2,000 for Ether, and $1 for XRP. Binance estimated the incident's impact at ...
Bitway's price fell sharply by 19.26% to $1.18, marking the biggest 24-hour decline among the 90 largest cryptocurrencies excluding stablecoins. Other notable moves include LayerZero gaining 8.83% and TRON dropping 6.09%. Bitcoin and Ether showed min...
