Bitcoin has fallen to its historically low 200-week average, signaling a deep bear market phase with extreme market fear. Despite a recent inflation surge in the U.S. and geopolitical tensions, Bitcoin's price remains near levels typically seen late in bear markets, with only shallow rebounds amid record ETF outflows. Analysts warn that after initial investor capitulation, Bitcoin may experience a prolonged period of sideways trading before a sustained recovery. Upcoming U.S. Federal Reserve decisions and regulatory clarity will be key factors influencing Bitcoin's near-term direction.
Bitcoin's price fell from about $74,000 to below $60,000 amid a sharp decline in buying from both spot ETFs and corporate digital asset treasuries. Corporate treasury firms, once buying over $500 million daily, have reduced purchases to minimal level...
Bitcoin briefly rose above $62,400 following the US May Consumer Price Index report showing inflation at 4.2%, but then dropped below $62,000 amid renewed US-Iran tensions and a stronger US dollar. The cryptocurrency has declined about 7.5% over the ...
Bitcoin's price dropped about 14% over the past week due to ETF outflows, weak market sentiment, and declining open interest. U.S. spot Bitcoin ETFs saw roughly $4.57 billion in net outflows over four weeks, signaling reduced institutional demand. An...
Investor Kevin O'Leary believes Bitcoin's major price rally is still pending and will be triggered by clear regulatory action, especially legislation like the Clarity Act. He explains that institutional investors such as pension funds and sovereign w...
Bitcoin is trading near $61,900 as analysts note structural similarities to its 2022 ABC correction pattern. Market analyst TARA highlighted that Bitcoin may currently be between wave B and wave C of a repeating macro wave 2 structure, with a rebound...
