Bitcoin dropped below $61,000, trading around $60,722 with a 3.29% decline in 24 hours, driven by extreme fear sentiment and increased exchange inflows. Trading volume surged over 40%, indicating heavy repositioning and sell pressure despite some short-term rebounds. Bitcoin dominance rose to 58.20%, showing capital consolidation into Bitcoin over altcoins amid risk aversion. Market indicators like MACD remain bearish, and rising exchange reserves suggest more selling pressure ahead, pointing to continued volatility and uncertainty in the crypto market.
Bitcoin and Ethereum prices fell about 3% amid a shift in trading activity toward stablecoins and derivatives, indicating growing volatility and cautious investor behavior in the crypto market. Bitcoin traded near $60,722 and Ethereum at $1,619, with...
Bitcoin's price dropped from around $67,000 to below $60,000 just before a $10 billion options expiry, contradicting the max pain theory that predicts prices gravitate toward a level where options buyers lose the most. The current max pain level is a...
Bitcoin price is under bearish pressure, testing the critical $60,000 support after breaking bear flag patterns. If it falls below this level, prices could drop further to $50,000 or even $35,000-$40,000, while a recovery above $85,000 is needed to c...
Patrick Shyu, ex-Google and Meta engineer known as TechLead, announced he sold all his Bitcoin after a severe 50% price drop from $120,000 to the low $60,000s. He cited being heavily overleveraged and surprised by the market crash, warning of liquidi...
Bitcoin fell below $60,000 this week due to continued outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve, and a stronger U.S. dollar, which made crypto more expensive for foreign buyers. Major cryptocurrencies like ether, XRP, and solana...
