Bitcoin dropped to a new cycle low around $58,075 following a failed recovery attempt that briefly pushed prices to $67,248. The cryptocurrency currently trades near $60,300 but remains down across daily, monthly, and yearly timeframes, reflecting ongoing selling pressure. Technical indicators, including a breakdown pattern and hidden bearish divergence on the RSI, confirm a bearish continuation. On-chain metrics suggest Bitcoin has yet to reach its cycle bottom, with short-term holders showing weaker momentum, indicating the downtrend may persist.
Bitcoin dropped below the key $60,000 support level, with 5.6 million BTC now held at a loss, the highest since 2019. This indicates growing stress among long-term holders who have owned Bitcoin for over 155 days. Despite this, about 37% of these hol...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin trading around $59,377, slightly up by 0.90%. Ethereum is down by 0.87%, while Solana and AAVE show significant gains of 6.69% and 8.02% respectively. Other altcoins like M and VELVET a...
XRP's on-chain data reveals a key support level at $0.51, with major holders concentrated around this price, signaling potential market direction. A dormant whale moved $2.5 million worth of Shiba Inu (SHIB) tokens through OTC channels amid a 23% pri...
Bitcoin ETFs experienced a net outflow of $696.29 million in 24 hours, the highest since May, as Bitcoin's price fell below $60,000, retesting levels last seen in late 2024. This significant withdrawal reflects growing institutional selling pressure ...
XRP is approaching a critical support level near $1 after a nearly 9% drop this week, triggered by a broad crypto market sell-off and heavy liquidations. Bitcoin's fall to a yearly low around $58,000 and rising U.S. inflation data have intensified se...
