Bitcoin is trading just below $80,000 after a recent peak at $82,281 was rejected, causing short-term momentum to weaken. The price is currently caught between strong longer-term bullish trends and cooling short-term momentum, with key support at $78,500-$79,500. Bulls remain in control as long as Bitcoin holds above this support zone and reclaims $80,000, which could lead to renewed upward movement toward $82,281. However, a sustained drop below $78,500 could open the door to lower levels around $76,000-$77,000, signaling a potential shift in trend. Overall, momentum is cooling but not collapsing, leaving the market in a cautious balance this weekend.
The cryptocurrency market experienced a broad decline on Thursday morning, with total market capitalization falling 4.59% to $2.75 trillion. Bitcoin dropped 2.49% to $81,712, while other major coins like Ether, XRP, Solana, Dogecoin, and BNB also saw...
Bitcoin dropped to around $81,000 amid a tech sector sell-off that pressured risk assets, including cryptocurrencies. Despite this, institutional demand remains strong, with US spot Bitcoin ETFs seeing $528 million in inflows over three days, led by ...
Bitcoin's Bull Score Index fell from 80 to 60 since late September, signaling a slowdown in market momentum despite remaining above the positive threshold of 60. The index, which measures demand, investor profitability, network activity, and liquidit...
Among the 90 largest cryptocurrencies, MemeCore (M) surged 17.03% in 24 hours, leading gains while 72 out of 90 assets declined. Other notable risers included Lighter (8.54%), Monero (5.85%), and Bitway (5.53%). Conversely, LayerZero fell the most by...
Bitcoin's market share rose to 60%, its highest since May, as investors preferred it over altcoins amid broader crypto losses. Although Bitcoin briefly topped $84,000, it fell below $82,000, while smaller tokens and indexes like memecoin and DeFi saw...
