Bitcoin slipped below $60,000, trading around $59,586 after a US inflation report showed higher-than-expected Personal Consumption Expenditures, signaling prolonged Fed interest rate hikes. This triggered a $1.48 billion crypto liquidation, dragging most major coins down, with Ethereum and XRP among the worst performers. Additional pressure comes from shifting Fed rate hike expectations, AI stocks drawing capital away, and a large options expiry causing market uncertainty. Key support is at $59,000, with resistance near $62,000; the market remains in extreme fear, raising questions about Bitcoin's near-term bottom.
Bitcoin bounced back from its lowest level since September 2024, trading near $59,700 after dipping to around $58,100. Meanwhile, ether continued to decline, holding near $1,550, and U.S. equity futures showed signs of weakness. Market stress is evid...
Bitcoin's price is currently testing a critical $60,000 support level after falling below its 200-day moving average, showing a pattern of lower highs and lower lows. Despite this bearish trend, long tails on recent candles suggest strong buying inte...
Economist Peter Schiff distinguishes the recent price drops of gold and Bitcoin, viewing gold's decline as a buying opportunity while characterizing Bitcoin's fall as a deflating speculative bubble. Bitcoin slipped below $60,000 for the first time in...
Grant Cardone, CEO of Cardone Capital, is leveraging rental income from his real estate portfolio to steadily buy bitcoin through dollar-cost averaging, even as bitcoin prices fall. This approach contrasts with corporate bitcoin treasury strategies t...
Bitcoin and Ethereum prices declined over the past week, with Bitcoin trading around $60,481 and Ethereum at $1,579. Both cryptocurrencies are closely watched for their interaction with the 200-day moving average, a critical technical level that may ...
