A recent two-day selloff in Nasdaq stocks, fueled by concerns over AI stock valuations, has spilled over into the cryptocurrency market, pushing Bitcoin close to the critical $60,000 level. Bitcoin dropped 3% in 24 hours and 7.2% over the week, with other major cryptocurrencies like Ethereum, Solana, and XRP also declining. The Fear and Greed Index indicates extreme fear, reflecting worsening market sentiment. This selloff highlights crypto's growing correlation with tech stocks, challenging its role as a portfolio diversifier. Investors should watch Bitcoin's $60K support level and its correlation with Nasdaq futures for clues on future market direction.
Bitcoin traders are showing increased demand for put options ahead of the US May core Personal Consumption Expenditures (PCE) inflation data release, signaling anxiety about potential sharp price moves. The April PCE data surprised markets with highe...
Bitcoin derivatives investors are paying a high premium for downside protection, signaling market panic. This bearish sentiment may reverse if U.S. core personal consumption expenditure (PCE) inflation data, due Thursday, shows inflation cooling, red...
Bitcoin price fell sharply after confirming a head and shoulders pattern, hitting a new low near $59,000. A relief rally has pushed the price up about 4.7% to around $62,400, but bears remain dominant and resistance near $63,700 could halt gains. The...
Bitcoin is currently trading around $61,400, but veteran miner Jiang Zhuoer predicts it could fall to a bottom price between $42,000 and $44,000 by late 2026. His forecast is based on the mNAV ratio, which measures market value against BTC holdings a...
Bitcoin recently rebounded after dipping below $60,000, but analysts warn a deeper drop toward $47,000 is likely by October. This forecast is based on Bitcoin's historical bear market behavior, where it typically tests its 350-week moving average (ar...
