Bitcoin bounced back from its lowest level since September 2024, trading near $59,700 after dipping to around $58,100. Meanwhile, ether continued to decline, holding near $1,550, and U.S. equity futures showed signs of weakness. Market stress is evident as over $1 billion in leveraged futures positions, mostly longs, were liquidated in 24 hours, with bitcoin futures open interest rising sharply as traders increased short positions. Rising implied volatility and put option premiums indicate growing downside fears. Some altcoins like Aave and Solana bucked the trend with gains, but the overall crypto market remains under pressure amid cautious investor sentiment.
Bitcoin slipped below $60,000, trading around $59,586 after a US inflation report showed higher-than-expected Personal Consumption Expenditures, signaling prolonged Fed interest rate hikes. This triggered a $1.48 billion crypto liquidation, dragging ...
Bitcoin's price is currently testing a critical $60,000 support level after falling below its 200-day moving average, showing a pattern of lower highs and lower lows. Despite this bearish trend, long tails on recent candles suggest strong buying inte...
Economist Peter Schiff distinguishes the recent price drops of gold and Bitcoin, viewing gold's decline as a buying opportunity while characterizing Bitcoin's fall as a deflating speculative bubble. Bitcoin slipped below $60,000 for the first time in...
Grant Cardone, CEO of Cardone Capital, is leveraging rental income from his real estate portfolio to steadily buy bitcoin through dollar-cost averaging, even as bitcoin prices fall. This approach contrasts with corporate bitcoin treasury strategies t...
Bitcoin and Ethereum prices declined over the past week, with Bitcoin trading around $60,481 and Ethereum at $1,579. Both cryptocurrencies are closely watched for their interaction with the 200-day moving average, a critical technical level that may ...
