Bitcoin's price fell more than 6% to around $65,700 due to rising geopolitical tensions between the U.S. and Iran, which increased market risk aversion and concerns over oil supply and inflation. This triggered heavy liquidations exceeding $102 million in Bitcoin positions within 24 hours, adding to a monthly total of about $3.9 billion in liquidations. The decline also coincides with reduced network activity, signaling weaker demand and participation. Technical analysts warn that if Bitcoin breaks below the critical $65,000 support level, it could fall further toward $49,000, reflecting broader macroeconomic pressures including rising oil prices and expectations of tighter U.S. Federal Reserve policies.
Bitcoin surged above $65,000 and Ethereum passed $1,900 after US Producer Price Index data showed inflation cooling more than expected. The weaker inflation readings reduced market expectations for a Federal Reserve interest rate hike in July, boosti...
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cryptocurrency prices are fluctuating with Bitcoin trading above $65,000 and Ethereum near $1,920. Some coins like Zcash (ZEC) and Gnosis (GNO) have seen significant gains of 6.49% and 8.45% respectively, while others like DEXE and AAVE experienced n...
Cryptocurrency prices are fluctuating with Bitcoin rising 1.04% to $65,340 and Ethereum increasing 3.16% to $1,928.95. Other notable changes include Zcash up 6.67% and Dogecoin slightly down by 0.44%. These movements reflect ongoing volatility in the...
Bitcoin surged 4.37% following a cooler-than-expected CPI report, which reduced market fears of a rate hike and boosted risk appetite. This shift is supported by rising long positions and strong on-chain fundamentals, including increased wallet holde...
