Geoff Kendrick stated on Friday that the crypto market has reached its cycle low, with Bitcoin’s recent decline to around $59,000 indicating the lowest point of the current downturn — a 53% drop from its all-time high of $126,000 in October. “Winter is over. Welcome back to crypto spring,” Kendrick wrote in a Friday note, … Read more
The risk-off sentiment that impacted crypto throughout the week is now shifting. Bitcoin has returned to positive territory, with the catalyst being an unexpected easing of tensions in the Iran conflict. Bitcoin traded at $63,550 on Friday, reflecting an increase of 1.6% for the day and 1.4% for the week, according to data. Days earlier, … Read more
Bitcoin is currently positioned at a level typically seen only towards the end of bear markets, maintaining its stance even in the wake of the most intense U.S. inflation report in three years. Data indicate that BTC has declined towards its 200-week average, a significant four-year trend line closely monitored by long-term holders. The model … Read more
Bitcoin’s bounce from last week’s low is experiencing a downturn, and gold is following suit. BTC was priced at $61,233 on Wednesday, showing a 3% decrease over the last 24 hours and a 6.9% decline for the week. Meanwhile, gold saw a 2% drop, slipping under $4,200 an ounce. The market is betting on high … Read more
Bitcoin traded around $63,000 on Monday, recovering from a two-month low reached on June 5. A mix of challenges — spot ETF outflows, macro uncertainty, and capital rotation into artificial intelligence stocks — has driven the world’s largest cryptocurrency approximately 50% below its all-time high of $126,279, which was achieved in October 2025. The decline … Read more
Bitcoin wrapped up the week of June 5, 2026, with a significant drop of nearly 20%, marking its steepest single-week percentage decline since the FTX collapse in November 2022. The last time the market experienced a candle this red, it coincided with the cycle bottom. However, the current situation is more complex this time around … Read more
Bitcoin spot ETFs have experienced net outflows for 17 out of the last 19 days, with investors withdrawing a total of $5.6 billion from these products during this period. The numbers have pushed year-to-date flows for US-traded Bitcoin ETFs into negative territory, landing at negative $2.17 billion. Analyst James Seyffart highlighted the 13-day outflow streak, … Read more
Bitcoin price fell on Thursday to levels that pushed it beneath the “Fire Sale!” band on the Bitcoin Rainbow Chart — a depth not seen since the disastrous FTX exchange collapse in November 2022 — as the Fear and Greed Index recorded a reading of 12 out of 100, firmly entrenched in “Extreme Fear” territory. … Read more
Bitcoin price has plummeted to its lowest level in months on Wednesday night, crashing below $62,000 and erasing a significant intraday loss of over $5,300 — a decline of nearly 8% in just 24 hours. This downturn comes as a perfect storm of institutional exodus, leverage liquidations, geopolitical fear, and a notable sale by Michael … Read more
Bitcoin has fallen to $70,406 as of June 2, marking its lowest point in two months. The 24-hour decline of 3.97% signifies a notable retreat from its early May peaks of almost $80,000. Meanwhile, traditional equities such as the S&P 500 and Nasdaq have surged to record highs, further intensifying the divergence between the crypto … Read more