Bitcoin dropped 2.5% to about $62,674 on June 23, pressured by the Federal Reserve's hawkish outlook and six consecutive weeks of Bitcoin ETF outflows totaling over $6 billion in the past month. The Fed's stance on maintaining or raising interest rates weighs on non-yielding assets like Bitcoin, with markets pricing a high chance of rate hikes later this year. Technical analysis highlights a critical support level at $60,587; a breach could lead to a further drop toward $46,702. Upcoming inflation data and ongoing geopolitical tensions add to market uncertainty, while weakness in the tech sector also dampens risk appetite.
Bitcoin and ether are moving toward the lower end of their recent price ranges amid fading summer liquidity and increased asset correlations, according to Wintermute's OTC trading desk. Bitcoin is approaching a key support level at $59,000, considere...
Bitcoin has been trading below $70,000 for about three weeks, with recent whale purchases totaling over $43 million failing to push the price above $65,000. Large investors, or whales, have dominated market activity since early June, but their buying...
Shiba Inu (SHIB), XRP, and Bitcoin (BTC) are experiencing downward pressure with prices struggling to recover key support levels, indicating continued bearish trends. SHIB is below major moving averages and near critical support, XRP is failing to re...
Bitcoin price confirmed a bearish head-and-shoulders breakdown, falling below the $60,000 support zone and targeting a potential decline to around $57,500. This drop follows over $600 million in crypto liquidations, weak institutional demand, and eas...
Worldcoin (WLD) has fallen 22% in under a week following a broader crypto market sell-off that also saw Bitcoin drop over 3%. Despite recent losses and bearish momentum signals, WLD has established important support levels around $0.4748, $0.4162, an...
