Bitcoin sentiment recently hit peak bullishness near its $78,000 high on May 22 and peak bearishness near its low on June 3, with price dropping about 20% to around $62,400. This inverse sentiment pattern suggests traders are most confident at highs and fearful at lows, contrary to typical profitable timing. The broader risk environment has weakened, with AI-driven equity gains stalling after Broadcom's forecast miss and emerging Asian currencies falling. U.S. bitcoin and ether ETFs ended long outflow streaks with small inflows, but the upcoming U.S. nonfarm payrolls report is a key catalyst that could influence Federal Reserve policy and risk asset trends. Investors should watch bitcoin's behavior around the $60,000 level as the data approaches.
Bitcoin recently tested major support levels around $61K, including the bull market trendline and 200-week SMA, and is now stabilizing above them. The price currently holds near $62,800, having passed a descending trendline from the recent crash, sug...
Cryptocurrency markets faced their worst week since July 2024, with Bitcoin dropping nearly 15% and Ether falling over 17%. Ether is nearing a critical support level of $1,420, risking a slide back to 2022 bear market prices if broken. The privacy co...
Bitcoin's price has dropped sharply by 50% due to rising geopolitical tensions in the Middle East, causing widespread market volatility. This decline also impacted $STRC, which fell by 5%, reflecting broader negative sentiment in the crypto market. A...
Worldcoin (WLD) fell 8.7% on Upbit, trading between 717 and 835 won amid an extreme greed sentiment signal, indicating high short-term volatility and profit-taking. Despite its long-term goal of expanding financial access, WLD is currently behaving l...
Bitcoin has dropped below the critical $63,000 support level due to a wave of deleveraging and macroeconomic tightening, including persistent inflation and delayed Fed rate cuts. Institutional outflows from spot ETFs and a rotation into tech stocks h...
