Bitcoin is approaching a critical support zone between $74,400 and $74,900, with charts indicating a possible liquidity sweep near $75,000. This level is important because if Bitcoin holds it, buyers may push for a rebound above $78,100, which would signal weakening selling pressure and a stronger recovery. However, failure to defend this support could lead to a deeper decline and increased short-term downside risk. The next major resistance lies between $82,000 and $85,000, but the immediate focus remains on how Bitcoin reacts around the $75K mark.
On May 22, Bitcoin long positions worth about $320 million were liquidated following the SEC's unexpected delay of a plan to grant exemptions for US crypto firms to trade tokenized stocks. This regulatory setback caused Bitcoin's price to drop toward...
U.S. stock markets continue to rally strongly, with major indexes like the S&P 500 and Dow reaching new all-time highs despite global risks and inflation concerns. Meanwhile, the crypto market is underperforming, experiencing a significant correction...
Bitcoin's price fell below $75,000, causing over $100 million in long position liquidations amid a broader crypto sell-off. This decline increases the likelihood of Ethereum dropping to $2,000 and reduces Bitcoin's chances of staying above $68,000 to...
The cryptocurrency market experienced a broad decline with Bitcoin down 2.4% and Ethereum down 3.6%, alongside losses in major altcoins. Trading volumes for both spot and derivatives fell significantly, indicating reduced risk appetite and lower leve...
The SEC postponed its planned innovation exemption framework that would allow blockchain-based tokenized stocks, following concerns from traditional exchanges like Nasdaq and CME about investor protection and market fairness. This delay caused Bitcoi...
