Bitcoin's price dropped to about $74,300, down over 10% from its early May peak, driven by rising U.S. and global bond yields that reduce demand for riskier assets. U.S.-listed spot Bitcoin ETFs experienced a combined outflow of more than $2.26 billion in the past two weeks, including a record $1.26 billion withdrawal in the last week. This sell-off reflects a shift in investor preference toward commodities and speculative bets like SpaceX's anticipated IPO. The trend highlights how bond yield increases can pressure high-risk, zero-yield assets like Bitcoin.
Bitcoin is approaching a critical support zone between $74,400 and $74,900, with charts indicating a possible liquidity sweep near $75,000. This level is important because if Bitcoin holds it, buyers may push for a rebound above $78,100, which would ...
On May 22, Bitcoin long positions worth about $320 million were liquidated following the SEC's unexpected delay of a plan to grant exemptions for US crypto firms to trade tokenized stocks. This regulatory setback caused Bitcoin's price to drop toward...
U.S. stock markets continue to rally strongly, with major indexes like the S&P 500 and Dow reaching new all-time highs despite global risks and inflation concerns. Meanwhile, the crypto market is underperforming, experiencing a significant correction...
Bitcoin's price fell below $75,000, causing over $100 million in long position liquidations amid a broader crypto sell-off. This decline increases the likelihood of Ethereum dropping to $2,000 and reduces Bitcoin's chances of staying above $68,000 to...
The cryptocurrency market experienced a broad decline with Bitcoin down 2.4% and Ethereum down 3.6%, alongside losses in major altcoins. Trading volumes for both spot and derivatives fell significantly, indicating reduced risk appetite and lower leve...
