Bitcoin fell below $80,000 to around $79,200 amid renewed geopolitical tensions after Chinese President Xi Jinping warned of potential conflict over Taiwan during U.S. President Trump's visit to China. Major cryptocurrencies, led by Solana's 5.6% drop, declined broadly due to risk-off sentiment triggered by the summit and back-to-back inflation surprises in the U.S. These inflation shocks complicate the Federal Reserve's rate easing outlook, removing a key support for crypto prices. Investors now watch the $78,000 level as critical support for Bitcoin, with further declines potentially signaling deeper sell-offs ahead.
Veteran trader Peter Brandt warns that Bitcoin has not yet formed a clear bottom, highlighting a potential bear channel from the February low. Bitcoin is currently trading near the upper boundary of this channel, facing resistance around the $79,145 ...
Leading cryptocurrencies Bitcoin and Ethereum dropped ahead of the US Senate Banking Committee's vote on the Clarity Act, which aims to clarify crypto regulations. Bitcoin fell below $79,000 before partially recovering, while Ethereum hit an intraday...
Veteran trader Peter Brandt warns that Bitcoin's recent rise above $79,000 does not confirm a durable bottom, as BTC remains within a broader bearish corrective channel. He highlights $79,145 as a key resistance level; failure to close above it decis...
Cryptocurrency prices showed a mixed trend with most major coins like Bitcoin, Ethereum, and Solana declining. Bitcoin is trading near $79,285, down 1.67%, while Ethereum dropped 1.50% to about $2,253. Other coins such as Solana and Cardano also saw ...
Cryptocurrency markets show a general downward trend with Bitcoin priced around $79,449, down 1.36%, and Ethereum at $2,255, down 1.24%. Other major coins like Solana and Cardano also experienced notable drops, reflecting ongoing market volatility. S...
