Bitcoin has fallen below $60,000, signaling increased bearish pressure with potential to drop to $50,000 or even $35,000 if support fails. This decline reflects a shift to risk-off sentiment as investors favor hard assets like gold and silver, whose ratios to Bitcoin are rising. While ETF selling pressure may ease temporarily due to portfolio rebalancing, Bitcoin remains weak until these ratios peak, which could signal a market bottom and potential rebound. Precious metals continue to attract defensive demand as Bitcoin faces short-term weakness.
Bitcoin's price fell 1.26% to $58,683, with on-chain data suggesting that large holders (whales) are quietly distributing rather than accumulating. Ethereum also slipped slightly, while some altcoins like WBT and XLM gained, indicating selective capi...
On July 1, major cryptocurrencies USDC and Bitcoin experienced the largest net outflows from exchanges, with USDC seeing about $503 million and Bitcoin $352.7 million withdrawn. This trend indicates a shift in exchange liquidity dynamics rather than ...
Bitcoin traded near $58,700 after significant selling pressure from $4.5 billion in U.S. spot ETF outflows in June and weak demand from U.S. investors. The price closed below its 200-week moving average for the first time since 2023, signaling potent...
Bitcoin dropped about 20% in June, falling below $60,000, marking its worst monthly performance since June 2022. The monthly price chart shows a rare 'Marubozu' candlestick pattern, indicating strong and uninterrupted bearish dominance throughout the...
Bitcoin dropped below $60,000, marking its largest monthly decline since June 2022, with a 33% loss year-to-date compared to the S&P 500's 9% gain. U.S. spot Bitcoin ETFs saw over $4 billion in outflows in June, continuing an eight-week streak of wit...
