Bitcoin price slipped below key support near $64,000 following a hawkish shift from the Federal Reserve, which negated gains associated with easing geopolitical tensions. This development places the market at risk of a deeper pullback toward the $60,000 range. The bitcoin price experienced a decline from its June 17 peak of $66,315, reaching an intraday … Read more
Bitcoin price struggled to break through the $77,500 resistance zone. BTC has initiated a downside correction, slipping beneath the crucial support level of $76,500 and entering a bearish territory. There was a decline beneath the 50% Fibonacci retracement level of the upward movement from the $74,210 swing low to the $77,810 high. Additionally, the hourly … Read more
Around 20,500 Bitcoin options contracts are set to expire on Friday, May 22, carrying a notional value of approximately $1.5 billion. This event is on the smaller side, making it improbable that it will influence spot markets. Crypto markets have experienced a downturn throughout the week, with approximately $50 billion exiting the ecosystem as Bitcoin … Read more
Bitcoin price struggled to maintain its position above the $77,200 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $76,800 threshold. A decline was observed beneath the $76,500 mark. The price has even fallen below $76,200. A low was established at $76,020, with the price currently consolidating its … Read more
Bitcoin price struggled to maintain its position above the $77,500 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $77,000 mark. A drop occurred beneath the $76,500 mark. The price even dipped below $76,200. The market saw a low at $76,020, with the price currently consolidating its losses. … Read more
Bitcoin BTC$76,985.53 dipped below the $77,000 mark on Monday in Asia, influenced by climbing oil prices and Treasury yields that weighed on risk assets. Meanwhile, prediction-market traders maintained a low probability for any immediate relief from the Federal Reserve. The decision arrives amid a backdrop of increasingly unfavorable macro conditions for the cryptocurrency market. The … Read more