Bitcoin has dropped below the critical $63,000 support level due to a wave of deleveraging and macroeconomic tightening, including persistent inflation and delayed Fed rate cuts. Institutional outflows from spot ETFs and a rotation into tech stocks have accelerated the decline, with over $3 billion wiped out in crypto derivatives liquidations recently. Technical indicators show Bitcoin is oversold but not yet ready for a reversal, with key support levels at $60,000 and $58,000. The outlook remains cautious as Bitcoin struggles under moving averages and faces strong selling pressure, while macro factors like inflation and interest rates continue to weigh on the market.
Bitcoin's price has dropped sharply by 50% due to rising geopolitical tensions in the Middle East, causing widespread market volatility. This decline also impacted $STRC, which fell by 5%, reflecting broader negative sentiment in the crypto market. A...
Worldcoin (WLD) fell 8.7% on Upbit, trading between 717 and 835 won amid an extreme greed sentiment signal, indicating high short-term volatility and profit-taking. Despite its long-term goal of expanding financial access, WLD is currently behaving l...
Ethereum's price has dropped below the key $1,700 level due to ongoing macroeconomic stress, ETF outflows, and liquidations of long positions, pushing it into a deep correction phase. The Relative Strength Index (RSI) shows Ethereum is heavily overso...
On June 5, Bitcoin and Ethereum options worth a combined $1.89 billion expired as both cryptocurrencies traded near multi-month lows. Bitcoin options, valued at $1.62 billion, expired far below their key max pain level of $70,500, with Bitcoin briefl...
Bitcoin's price dropped below $62,000, continuing a 14% monthly decline driven by increased selling pressure from large holders (whales) and $4.4 billion in Bitcoin ETF outflows. Whale deposits to Binance surged, signaling potential further selling, ...
