Bitcoin dropped more than 6% within 24 hours to a low of $66,346, wiping out $1.35 billion in long crypto positions and pushing its market cap below $1.35 trillion. The selloff dragged the total crypto market cap under $2.5 trillion for the first time since April, driven by a mix of structural bear market correction, reduced summer trading volume, and broader market distractions like geopolitical tensions and AI developments. Analysts expect continued downward pressure through August, with some viewing recent sales by major holders as signals of a cautious market stance rather than direct causes.
Bitcoin's price dropped below $67,000 following a broader crypto market sell-off, sparking renewed criticism from skeptic Peter Schiff who highlighted Bitcoin's underperformance compared to stocks and precious metals since 2019. Short-term holders ar...
Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...
A significant Bitfinex whale is aggressively accumulating leveraged long positions on Bitcoin despite a sharp price drop to $67,166.39, breaking below the key $70,000 support. This buying occurs amid a broad market correction influenced by macroecono...
Bitcoin is expected to have a challenging summer as investors rotate capital into AI-related stocks and upcoming tech IPOs, according to K33 Research. The firm highlights fading institutional demand, significant outflows from bitcoin ETFs, and vulner...
Bitcoin's price fell below $70,000, pushing its market dominance down to about 58%, while the Altcoin Season Index rose to 49, still below the 75 needed to confirm an altseason. This suggests capital is shifting somewhat from Bitcoin to select altcoi...
