Ethereum fell below its key $2,000 support level, reaching a low near $1,963, driven by Bitcoin's drop below $70,000 for the first time in nearly two months. The decline was triggered by MicroStrategy's $2.5 million Bitcoin sale and record outflows from US Bitcoin ETFs amid geopolitical tensions. This caused a broad crypto sell-off, with Ethereum now facing a critical support level at $1,800. Traders should watch for further downside risk if $1,800 fails to hold, potentially leading to deeper losses into late 2024.
Mt Gox, the defunct crypto exchange that lost over 850,000 Bitcoin to hackers, recently transferred 10,423 BTC worth about $739 million to a new wallet. This move, followed by another smaller transfer, signals preparations for the final distribution ...
Bitcoin price fell below $70,000 following over $3.4 billion in ETF outflows and a $739 million BTC transfer linked to Mt. Gox, stirring fears of increased market supply. The drop broke key support levels between $72,500 and $73,000, triggering $744 ...
Mt. Gox transferred about 10,306 BTC worth $739 million, its first major Bitcoin movement in over two months, raising speculation about possible creditor repayments. This transfer caused Bitcoin's price to drop 2.12% to around $79,569 as investors wo...
Bitcoin fell below $70,000 for the first time since April 7, dropping over 2% amid concerns triggered by Strategy's $2.5 million bitcoin sale, signaling potential further sell-offs. Ether also declined, while AI-related tokens like Humanity Protocol ...
Bitcoin has broken down from its bear flag pattern and is currently testing the $70,000 support level, with the next key support at $66,000. If these levels fail, the price could fall further to around $60,000, marking a deeper bottom in the ongoing ...
