Bitcoin dropped about 2% amid a sharp 11% plunge in South Korea's Kospi stock index, one of its worst days in years, shaking global risk assets. The U.S. Senate postponed the Crypto Clarity Act to focus on a Russia sanctions bill and federal nominations, creating uncertainty for crypto regulation. Market sentiment is cautious ahead of the U.S. Federal Reserve's key interest rate decision. Ether and other tokens also declined, with AI and layer-1 tokens hit hardest. Despite volatility remaining low, bearish trends are emerging in futures and options markets.
Bitcoin is at a critical point, with analysts predicting two main scenarios tied to the Clarity Act. If the Act passes, Bitcoin could rally to $75,000 or higher, supported by strong buying above $60,000 and breaking resistance near $70,000. If reject...
Bitcoin's price has fallen to around $63,274, down 3.11%, breaking below a key rising wedge pattern and signaling bearish dominance unless it quickly recovers. Trading volume surged 75% during the selloff, indicating strong selling pressure. The $63K...
Macro investor Raoul Pal highlighted that Bitcoin and the Nasdaq Composite are primarily influenced by global liquidity rather than daily earnings reports or news. Bitcoin shows an 87% correlation to global liquidity, while Nasdaq's correlation is 97...
Bitcoin's price dropped to around $63,000 following AT&T's breakthrough in quantum computing, which cut a complex network task from one hour to 15 seconds using D-Wave technology. This advancement shortens the timeline to 'Q-Day,' when current blockc...
Bitcoin fell 2.7% to about $63,200 following a sharp sell-off in Asian equity markets, notably Korea's Kospi which dropped over 10%. The tech sector was pressured by worries over AI infrastructure investments exceeding $750 billion, causing Nvidia sh...
