Bitcoin is expected to fall to around $55,000 before hitting a cycle low, driven by a strong U.S. dollar and the Federal Reserve's hawkish stance under Chair Kevin Warsh. Indicators like global liquidity trends, macroeconomic events, and seasonal patterns suggest the bottom could form between late August and October. Key upcoming events include Federal Reserve meetings, U.S. midterm elections, and Treasury refinancing, which could influence Bitcoin's price trajectory. Investors are advised to be patient and watch for signs of a market bottom in late summer to early fall.
Bitcoin dropped below $61,000, trading around $60,722 with a 3.29% decline in 24 hours, driven by extreme fear sentiment and increased exchange inflows. Trading volume surged over 40%, indicating heavy repositioning and sell pressure despite some sho...
Patrick Shyu, ex-Google and Meta engineer known as TechLead, announced he sold all his Bitcoin after a severe 50% price drop from $120,000 to the low $60,000s. He cited being heavily overleveraged and surprised by the market crash, warning of liquidi...
Bitcoin fell below $60,000 this week due to continued outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve, and a stronger U.S. dollar, which made crypto more expensive for foreign buyers. Major cryptocurrencies like ether, XRP, and solana...
Bitcoin options open interest slightly declined to $34.37 billion, with calls making up 59.77% and puts 40.23%, indicating a bullish long-term outlook. However, recent trading volume favored puts at 52.76%, led by heavy activity in $60,000 put contra...
Bitcoin is showing signs of potential volatility with growing concerns about maintaining the $60,000 level. Deposits of Bitcoin into exchanges have surged to multi-month highs, a pattern historically linked to price declines below key psychological l...
