Bitcoin recovered slightly to around $67,000 after a 9.5% decline over the past week, remaining in a trading range seen earlier this year. Despite U.S. stocks hitting record highs, Bitcoin faces a critical support level near $60,000 that, if broken, could trigger further declines to around $54,000. Meanwhile, altcoins showed mixed performance with Ethena surging over 20% following Coinbase's integration announcement, while some tokens like Humanity Protocol experienced sharp corrections. Market indicators suggest bearish sentiment is growing, with increased liquidations of leveraged long positions and rising demand for downside protection, signaling potential further volatility ahead.
Economist Peter Schiff predicts Bitcoin's price could fall below $50,000 and eventually reach $20,000, citing excessive market complacency and recent price retracements. The drop is partly linked to Michael Saylor's company selling some Bitcoin to co...
Bitcoin has dropped to its lowest levels in several months, prompting traders to adopt more defensive strategies. There is a noticeable increase in demand for put options, signaling that investors want to hedge against further declines amid ongoing m...
The total cryptocurrency market cap fell to $2.29 trillion, down 8.7% over the past week due to macroeconomic concerns like persistent inflation and expectations of prolonged high interest rates. This environment has led to capital moving away from s...
Bitcoin dropped below $67,000 as uncertainty around Strategy Inc. (MSTR) impacts the market. Technical analysts warn of further downside, with key support levels between $38,000 and $43,000, and stronger support near $25,000 to $30,000 if those fail....
Bitcoin fell more than 11.25% this week, dropping below $65,360 to its lowest since March, pressured by large holders selling 24,602 BTC and Strategy's sale of 32 BTC. The price is testing a key long-term support near $61,800, with a risk of further ...
