Bitcoin and gold prices both fell in June, with Bitcoin dropping over 16% to test the key $60,000 support level amid geopolitical tensions and rising interest rate expectations. The Bitcoin-to-gold ratio is also declining, indicating investors are reducing exposure to riskier assets like Bitcoin. If Bitcoin breaks below $60,000 and then $50,000, it could fall further to $35,000, a potential long-term buying zone. However, holding above $50,000-$60,000 and a rebound in the ratio could signal a market bottom and eventual rise above $75,000.
Bitcoin remains steady around $61,978, showing a slight gain of 0.91%. Other major cryptocurrencies like Ethereum and Binance Coin show minor fluctuations, with Ethereum nearly flat and Binance Coin up 0.59%. Several altcoins experience varied moveme...
Bitcoin ETF net assets fell to $77.58 billion, the lowest since the last US presidential election, despite a supportive regulatory environment including dropped SEC enforcement actions and a Strategic Bitcoin Reserve. Total assets peaked at $169.54 b...
Bitcoin trades around $62,035 with a slight gain of 0.59%, while Ethereum and Binance Coin also see small increases. Other cryptocurrencies like XRP and ZEC experience declines, reflecting mixed market sentiment. These fluctuations indicate cautious ...
An analyst who accurately predicted Bitcoin's 2025 peak suggests BTC will likely consolidate sideways for the next few months before a significant upward trend. Historical patterns show Bitcoin tends to range and consolidate in bear markets rather th...
Mike McGlone, a Bloomberg Intelligence strategist, warns that US stocks and Bitcoin may face a significant correction due to extreme valuations. The ratio of US stock market capitalization to GDP has reached about 2.5 times, a near 100-year high, sig...
