Bitcoin fell below $60,000, extending a 10-day decline amid $1.5 billion in crypto long position liquidations triggered by stronger-than-expected US jobs data. The US added 172,000 jobs in May, raising concerns about reduced Federal Reserve rate cuts, pressuring risk assets like Bitcoin. Key options market activity at $60,000 may lead to further selling and liquidations if the price stays below this level. Analysts see potential for more downside but also note this could be a buying opportunity for long-term investors if Bitcoin recovers above $65,000.
SYN, the token of Synapse protocol, rose over 1,000% in June, vastly outperforming Bitcoin and Ether, which fell about 20%. The rally is driven more by hype around Synapse's new Hypercall options platform and a $2.2 million SYN purchase by BitMEX co-...
Bitcoin is trading in a tight range between $58,000 and $61,000, with buyers showing increasing demand but sellers defending the upper resistance. This consolidation phase suggests a potential sharp price move once either support or resistance breaks...
Major cryptocurrencies including Bitcoin, Ether, Solana, and Dogecoin declined amid a surge in the U.S. dollar driven by the Japanese yen hitting a 40-year low. Bitcoin traded below $60,000 and its 200-week moving average, with muted onchain demand a...
Top futures traders have decreased their long positions in Solana (SOL) and Dogecoin (DOGE), while increasing exposure to Bitcoin (BTC) and Ethereum (ETH), indicating a shift in leveraged sentiment. Data shows Dogecoin's USDT-margined long share drop...
A key on-chain bitcoin metric, the UTXO Block Profit/Loss Count Ratio, has triggered again, indicating that investors are realizing losses at a pace not seen earlier in the current correction. This signal, which has marked every bitcoin cycle bottom ...
