Cryptocurrency markets faced their worst week since July 2024, with Bitcoin dropping nearly 15% and Ether falling over 17%. Ether is nearing a critical support level of $1,420, risking a slide back to 2022 bear market prices if broken. The privacy coin Zcash plummeted over 30% after a security exploit was discovered, dragging down related coins like Monero and Dash. Market pressures include capital rotation towards AI IPOs and the lowest monthly spot trading volume since October 2023, signaling reduced demand and increased risk aversion among investors. This downturn has led to significant liquidations and a shift towards defensive trading strategies, with investors seeking downside protection amid uncertainty.
Bitcoin recently tested major support levels around $61K, including the bull market trendline and 200-week SMA, and is now stabilizing above them. The price currently holds near $62,800, having passed a descending trendline from the recent crash, sug...
Bitcoin's price has dropped sharply by 50% due to rising geopolitical tensions in the Middle East, causing widespread market volatility. This decline also impacted $STRC, which fell by 5%, reflecting broader negative sentiment in the crypto market. A...
Worldcoin (WLD) fell 8.7% on Upbit, trading between 717 and 835 won amid an extreme greed sentiment signal, indicating high short-term volatility and profit-taking. Despite its long-term goal of expanding financial access, WLD is currently behaving l...
Bitcoin has dropped below the critical $63,000 support level due to a wave of deleveraging and macroeconomic tightening, including persistent inflation and delayed Fed rate cuts. Institutional outflows from spot ETFs and a rotation into tech stocks h...
Ethereum's price has dropped below the key $1,700 level due to ongoing macroeconomic stress, ETF outflows, and liquidations of long positions, pushing it into a deep correction phase. The Relative Strength Index (RSI) shows Ethereum is heavily overso...
