Bitcoin is facing increased selling pressure after breaking below crucial support levels, including the 50-day, 100-day, and 200-day moving averages. The cryptocurrency has slipped into the $71,000-$72,000 range, losing the ascending trendline that had supported its recent rebound. This technical breakdown signals weakening market strength and raises concerns about further declines. Investors are watching the $70,000-$72,000 support zone closely, as a break below could lead to more significant losses and volatility, while holding this level might allow for a temporary rebound.
Bitcoin's price fell 1.46% to around $72,648, showing a 16% decline year-to-date, while the S&P 500 rose over 10% in the same period. Data reveals Bitcoin acts as a risk-off asset when U.S. stocks perform well, with fluctuating short-term correlation...
XRP, Shiba Inu (SHIB), Bitcoin (BTC), and Dogecoin (DOGE) are all under significant selling pressure, testing key support levels amid a prevailing bearish trend. XRP is near a critical support of $1.30 and remains below major moving averages, signali...
Large Bitcoin holders moved 984 BTC worth about $72 million off BitGo, signaling accumulation as coins likely remain inactive in new wallets. This occurred while Bitcoin traded near a key support level around $73,000, with buyers absorbing supply des...
Between late April and early June 2026, Binance's Bitcoin reserves increased by 5.1%, from 617,000 BTC to 648,600 BTC, and Ethereum holdings rose 10.4%. Meanwhile, stablecoin reserves (USDT and USDC) fell by $3.87 billion, reducing the exchange's imm...
Cryptocurrency prices experienced varied changes, with Bitcoin dropping about 2.78% to $71,484, while Ethereum remained nearly flat with a slight increase of 0.12%. Several altcoins showed gains, such as LAB rising over 70%, TON up 18%, and NEAR incr...
