Bitcoin's price repeatedly fails to surpass the $80,000 resistance level, facing strong selling pressure from traders taking profits. The 200-day moving average near $82,000 and an ascending channel top reinforce this resistance, signaling sellers' control. Technical indicators, including a broken ascending trendline on the 4-hour chart and onchain liquidity clusters around $77,000, suggest weakening momentum and a likely drop toward support levels at $75,000 and possibly $70,000-$71,000. This pattern reflects a market in distribution, where early buyers sell off and new demand is insufficient, increasing the risk of a deeper correction if support fails.
Bitcoin and Ether prices fell sharply, hitting cycle lows near $58,000 and $1,507 respectively, as the Nasdaq experienced its largest daily drop in months at 5%. Bitwise highlighted that Bitcoin often reacts ahead of traditional equities due to its 2...
Analyst Quinn Thompson recommends avoiding cryptocurrency investments during the summer because of three main pressures: a surge of over $3 trillion in new tech IPOs from companies like SpaceX and OpenAI competing for capital, lagging performance of ...
Most major cryptocurrencies, including Bitcoin and Ethereum, saw price declines with Bitcoin trading near $62,047 and Ethereum around $1,657. Market volatility continues to impact digital asset values, with some smaller coins experiencing sharper dro...
Bitcoin fell below $61,000 on June 9, 2026, losing 2.9% in a day as escalating geopolitical tensions in the Middle East spooked investors. The price dip erased about $30 billion from bitcoin's market capitalization, which slid from $1.27 trillion to ...
Ethereum's price has dropped to around $1,644, down about 67% from its all-time high of $4,946 in August 2025. This decline is driven by macroeconomic challenges, significant outflows from spot Ethereum ETFs, and Bitcoin's growing dominance as a pref...
