Bitcoin closed May near $70,600 after losing 8-10% due to rising inflation, higher Treasury yields, and geopolitical tensions. The cryptocurrency fell below key holder cost basis levels, increasing potential selling pressure, but found support between $70,000 and $73,000. Professional asset managers responded by increasing stablecoin holdings and reducing altcoin exposure, adopting a more defensive stance. A sustained recovery may depend on Bitcoin reclaiming $78,000 and improved macroeconomic conditions, with liquidity preservation recommended amid ongoing uncertainty.
Bitcoin has dropped below $72,000, prompting analysts to focus on two main support zones: $50,000-$54,000 and $61,000-$62,000. One model based on MVRV Pricing Bands suggests Bitcoin could fall further toward the $50K range if current support fails, w...
Bitcoin's recent price drop to around $62,099 has sparked renewed concern over its quantum security, with Capriole Investments founder Charles Edwards highlighting a 28% 'quantum discount' due to slow developer progress on post-quantum upgrades. This...
Bitcoin's price recently dipped to around $61,300, touching a major bull market trendline, before rebounding to just under $64,000. This move follows a 15.8% drop after breaking below a bear flag trendline. Despite poor market sentiment, technical in...
Bitcoin's market price is currently 27% below its estimated true value, driven by fears over quantum computing risks and a lack of progress on post-quantum security upgrades by Bitcoin developers. This discount reflects investor concern about the pot...
During the first 500 days of President Donald Trump's second term starting in January 2025, the number of Bitcoin millionaire addresses fell by 29.13%, from 157,563 to 111,659. Addresses holding over $10 million in Bitcoin also declined by nearly 25%...
