Bitcoin's price dropped below $61,000, falling $18,000 over the past ten days due to ETF outflows, leveraged liquidations, and macroeconomic pressures. This decline signals a shift in market sentiment, with expectations that Bitcoin will not surpass $70,000 soon. Investors are watching macroeconomic and regulatory developments closely, as positive news could improve outlook, while continued outflows may deepen the downtrend.
Michael Saylor, head of Strategy, explains that Bitcoin's future will be decided by four groups: maximalists who provide faith, capitalists integrating Bitcoin into traditional funds, technologists developing Layer 2 solutions, and fundamentalists pr...
The CoinDesk 20 index fell 4.8% to 1681.25, with all twenty assets trading lower since the previous day. Bitcoin led the decline among major cryptocurrencies, dropping 2.8%, while Binance Coin also fell 2.9%. The biggest losses were seen in ICP and N...
Bitcoin has fallen about 25% in the past month, currently trading around $62,000 and sitting on its 200-week moving average, a key support level last broken during major crypto collapses in 2022. ETF outflows have been heavy, though a small inflow wa...
Zcash (ZEC) experienced a sharp 44% drop in 24 hours, falling to around $298. The crash was driven primarily by spot market selling rather than a leverage-induced cascade, as forced liquidations totaled about $118 million, relatively small for such a...
Bitcoin has fallen below the $80,000 region and is now testing a critical support zone around $60,000. Analysts note that Bitcoin rejected major moving averages near $80,500, confirming a bearish trend with increased selling volume. If Bitcoin fails ...
