Bitcoin's price has fallen below $77,000 due to technical breakdowns and significant ETF outflows, signaling weakening investor sentiment and institutional demand. Despite positive expectations from the CLARITY Act and Jerome Powell's resignation, Bitcoin continues to make lower lows, with social volume dropping below typical bear market levels. Strategy's potential Bitcoin purchases may provide some price support, but macroeconomic pressures and ongoing bearish signals suggest the risk of a market correction remains high. Investors should watch for new catalysts to sustain buying momentum.
Cryptocurrency markets saw $657 million in liquidations within 24 hours, mainly impacting long position holders who absorbed $584 million in losses. Ethereum and Bitcoin were hardest hit, with $256 million and $180 million liquidated respectively, as...
Bitcoin's price fell below $77,000, continuing a four-day decline that triggered $657 million in liquidations across the crypto market within 24 hours, mostly affecting long positions. This drop followed the Senate Banking Committee's progress on the...
Bitcoin briefly fell below $77,000, triggering nearly $600 million in liquidations within an hour as leveraged traders rushed to exit positions. This sharp correction was driven by selling pressure and significant outflows from US spot Bitcoin ETFs, ...
Bitcoin dropped below $77,000, its lowest since early May, driven by a surge in crude oil prices above $110 per barrel and rising U.S. Treasury yields hitting 5.13% for 30-year bonds—the highest since 2007. This environment pushed investors toward sa...
Bitcoin dropped to around $76,700, its lowest in two weeks, triggered by rising Treasury yields and reduced investor risk appetite. This led to $661 million in crypto position liquidations, mostly long positions, highlighting market vulnerability. U....
