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.
Bitcoin price recently hit a strong resistance level at $65,600 but failed to break through, signaling a possible reversal. Short-term momentum is weakening, suggesting the price may decline unless a sudden surge occurs. Key support levels include th...
NYDIG projects Bitcoin might fall to $38,000-$39,000 by October 2026 if the current 2025-26 market decline matches the depth of the 2022 bear market. Bitcoin is currently trading near $64,500, down about 30% this year and roughly 50% below its Octobe...
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
