The crypto market lost $90.3 billion in value within an hour on May 16, driven by U.S. inflation data that exceeded forecasts and ended expectations for Federal Reserve rate cuts. Bitcoin dropped to $77,678, while major altcoins like Ethereum, XRP, Solana, and Dogecoin fell between 3.5% and 6%. Institutional selling, including $290 million outflows from U.S. spot Bitcoin ETFs and significant Bitcoin miner sales, compounded the decline. This triggered mass liquidations, wiping out $696 million in derivatives and pushing Bitcoin below key technical support, raising the risk of further downside toward $70,000–$68,000.
Crypto analyst Doctor Profit warns that Bitcoin is forming a bearish "bear flag" chart pattern, which could lead to a price drop to the $54,000–$56,000 range initially, and possibly further down to $40,000–$50,000. This pattern involves a sharp price...
Bitcoin traded near $64,000 after a volatile weekend influenced by US-Iran tensions and ETF outflows. Investors are closely watching upcoming US economic data, including PCE inflation and GDP reports, which could impact Federal Reserve rate decisions...
Bitcoin hovered near $64,000 but fell 0.4% in 24 hours and 2.2% over the week, despite Asian stocks rising on improved Iran-US diplomatic progress. Washington and Tehran agreed on a 60-day peace framework, easing some geopolitical tensions and impact...
On June 22, Bitcoin stabilized after a sharp drop from $72,000-$74,000 support to the low $60,000s, with buyers stepping in around $61,000-$63,000, suggesting a possible accumulation phase despite technical instability. Shiba Inu attempts a rebound b...
Bitcoin price remained around $64,000 on Monday, showing stability but no strong rally despite positive developments in U.S.-Iran peace talks and rising Asian equities. Spot Bitcoin ETFs experienced $227 million in outflows over the week, marking the...
