Bitcoin dropped below $69,000 amid increased selling pressure and institutional outflows, signaling a bearish trend. Veteran trader Peter Brandt identified a technical pattern suggesting a potential further decline to $53,000-$55,000 unless Bitcoin decisively recovers above $75,000. This bearish sentiment is reinforced by strong US job data and global economic uncertainties, which are pushing investors away from risk assets like cryptocurrencies. The market now watches upcoming US unemployment figures for clues on Bitcoin's next move.
Bitcoin fell under $69,000 following comments from Cleveland Fed President Beth Hammack, who expressed concern about persistent inflation risks that may require the Federal Reserve to raise interest rates soon. Hammack highlighted that inflation rema...
Bitcoin and several major cryptocurrencies experienced price declines, with Bitcoin dropping about 3.97% to $68,770. Other notable coins like Ethereum, Binance Coin, and XRP also saw decreases. Some smaller tokens showed gains, but overall market sen...
Standard Chartered's digital asset research head, Geoffrey Kendrick, suggests ether (ETH) could outperform bitcoin (BTC) by over 40% by the end of 2026. This outlook follows Strategy's recent bitcoin sale, which may signal a broader shift in crypto m...
Tom Lee defended the long-term value of Bitcoin and Ethereum, stating their core thesis is not broken despite recent underperformance compared to AI and software stocks. He highlighted the growing importance of crypto infrastructure in areas like aut...
Cryptocurrency markets show a general downward trend with major coins like Bitcoin dropping 4.09% to $69,184 and Ethereum falling 0.33% to $1,976.82. Other notable declines include XRP, BNB, and ADA, reflecting cautious investor sentiment. Some coins...
