Bitcoin experienced a sharp sell-off over the weekend, dropping to a low of $59,100 before buyers pushed the price back above $61,000. The daily Relative Strength Index (RSI) hit a deeply oversold level of 16, indicating that the recent selling pressure may be easing. Despite this, all major moving averages remain bearish, with key resistance levels around $65,000 to $67,000 and $70,000 to $72,000. Traders are watching closely for a potential relief rally or a renewed breakdown below $59,100, which could lead to further declines toward $56,000 or lower. Overall, the market shows signs of a possible short-term stabilization within a larger downtrend.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
