Bitcoin's price fell 1.46% to around $72,648, showing a 16% decline year-to-date, while the S&P 500 rose over 10% in the same period. Data reveals Bitcoin acts as a risk-off asset when U.S. stocks perform well, with fluctuating short-term correlations but steady longer-term links to the S&P 500. Indicators like the Spent Output Profit Ratio (SOPR) below 1 and negative Net Realized Profit and Loss (NRPL) suggest ongoing selling pressure and weak market sentiment for Bitcoin. Despite some recovery attempts, Bitcoin struggles against the stronger traditional equities market, signaling bearish conditions for the cryptocurrency.
Bitcoin is facing increased selling pressure after breaking below crucial support levels, including the 50-day, 100-day, and 200-day moving averages. The cryptocurrency has slipped into the $71,000-$72,000 range, losing the ascending trendline that h...
XRP, Shiba Inu (SHIB), Bitcoin (BTC), and Dogecoin (DOGE) are all under significant selling pressure, testing key support levels amid a prevailing bearish trend. XRP is near a critical support of $1.30 and remains below major moving averages, signali...
Large Bitcoin holders moved 984 BTC worth about $72 million off BitGo, signaling accumulation as coins likely remain inactive in new wallets. This occurred while Bitcoin traded near a key support level around $73,000, with buyers absorbing supply des...
Between late April and early June 2026, Binance's Bitcoin reserves increased by 5.1%, from 617,000 BTC to 648,600 BTC, and Ethereum holdings rose 10.4%. Meanwhile, stablecoin reserves (USDT and USDC) fell by $3.87 billion, reducing the exchange's imm...
Cryptocurrency prices experienced varied changes, with Bitcoin dropping about 2.78% to $71,484, while Ethereum remained nearly flat with a slight increase of 0.12%. Several altcoins showed gains, such as LAB rising over 70%, TON up 18%, and NEAR incr...
