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 traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
