Bitcoin's recent rise to $82,000 is viewed as a bull trap by analysts, warning of a potential drop to $42,000. The rally was driven by speculative futures demand rather than genuine spot buying, mirroring patterns from the 2022 bear market. Institutional investors are pulling back, with $423 million in ETF outflows over two days, signaling weakening support. The forecast predicts a staged decline: first to $50,000, a brief bounce to $63,000, then a final fall to $42,000, risking nearly half of Bitcoin's current value.
Major cryptocurrencies experienced significant price declines, with Bitcoin falling about 4.73% to $60,231 and Ethereum dropping 11.17% to $1,567.23. Other notable coins like Binance Coin, Cardano, and Solana also saw double-digit percentage losses. ...
Bitcoin fell below $60,000 for the first time since October 2024, experiencing its worst weekly performance since November 2022 amid growing market anxiety. Over $1.56 billion in trader liquidations occurred in 24 hours, while spot Bitcoin and Ethere...
Bitcoin fell below the key $60,000 level after Mt. Gox began repaying creditors by transferring over 47,000 BTC from cold storage, sparking a sharp selloff. This move caused Bitcoin to drop nearly 7% in 24 hours and triggered $664.5 million in crypto...
Bitcoin's price dropped sharply to a low of $61,073, trading around $62,860 and down 14% over the past week. Institutional investors with Bitcoin treasuries, such as Strategy and Metaplanet, are facing significant unrealized losses, with Strategy alo...
Bitcoin fell below $60,000 for the first time since 2024, breaking its 200-week moving average and triggering a wave of liquidations worth nearly $1.6 billion in 24 hours. Most losses hit retail investors, especially on Binance, where a $13.31 millio...
