Bitcoin traders holding leveraged long positions face a critical liquidation risk at the $57,000 price level. This risk arises because if Bitcoin's price falls to this level, many leveraged long bets could be forcibly closed by exchanges due to insufficient margin, potentially triggering a rapid and sharp sell-off. The threat is heightened by thin liquidity in the market, which could amplify price drops during liquidations. Despite these risks, Bitcoin shows resilience with a possible bullish inverse head-and-shoulders pattern forming, suggesting a potential rally toward $76,000 if confirmed. The market remains cautious as historical bear cycles indicate further downside could still occur before a bottom is reached.
Grant Thornton Switzerland has officially attested the Cardano Foundation's 2025 financial statements directly on the Cardano blockchain, marking the first time a major crypto organization has received an on-chain auditor's signature. This audit, dat...
Bitcoin briefly rose above $82,000 on September 4 but then dropped 2.1% to around $79,560 after stronger-than-expected US employment data raised Treasury yields and the likelihood of a Fed rate hike. This weakened demand for risk assets like Bitcoin,...
Bitcoin fell nearly 4% from its recent high of $82,281 to around $79,000, testing a key support level at $78,000. This support will determine if the recent bullish breakout holds or if prices could drop further toward $74,081. The prior rise was part...
Bitcoin surged past $82,000 before sharply falling below $78,700, erasing nearly all gains after strong US employment data reduced expectations for a Federal Reserve rate cut. This sudden reversal triggered over $295 million in long position liquidat...
Bitcoin's price rose nearly 1% to around $79,262 on September 4, extending a one-month rally of about 23%. Simultaneously, gold prices climbed sharply, pushing their correlation to the highest level in six years. This trend reflects growing investor ...
