Bitcoin price fell to an intraday low of $62,560 following easing tensions between the U.S. and Iran, which triggered profit-taking across risk assets including crypto. Spot Bitcoin ETFs saw another $68 million in outflows, reflecting weak institutional demand since mid-May. Technical analysis shows Bitcoin testing key support near $62,000, with a breakdown potentially exposing a June low around $59,200. Continued ETF outflows, weak institutional interest, and global market pressures could drive further downside if support fails.
Bitcoin's 50-week moving average is about to cross below its 100-week average, a bearish signal known as a "bear cross." Historically, this signal has marked the bottom of bear markets and preceded multi-year rallies. Despite the apparent bearishness...
Bitcoin fell to around $62,840, down 1.1% in 24 hours and 3.5% over the week, dragged down by a global selloff in technology stocks and semiconductor shares. Major altcoins like Ether, XRP, Solana, and Dogecoin also declined, while Tron was a rare ga...
USDC experienced a significant net outflow of $336 million as investors rotated stablecoin liquidity into USDG and Tron (TRX), indicating a shift within the stablecoin market rather than a broad crypto sell-off. Bitcoin and Ethereum flows remained ba...
Over $30 million rotated out of stablecoins USDT and USDC into major cryptocurrencies, with Bitcoin Cash (BCH) receiving the largest inflow of about $7.71 million. Ethereum and Bitcoin followed with $4.51 million and $4.28 million respectively. This ...
Bitcoin is testing the $60,000 level as concerns rise over the yen carry trade, similar to the market turmoil seen in August 2024. The USD/JPY exchange rate is approaching levels that previously led to a major unwind of leveraged trades, forcing inve...
