Bitcoin price has dropped below $68,000 on Tuesday, marking its lowest point since early April, impacted by a variety of factors. Among the notable events are Strategy’s initial Bitcoin sale in over three years, a historic streak of ETF outflows, and new on-chain activity from the long-silent Mt. Gox estate. The catalyst that some believe … 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
Bitcoin price has struggled to maintain its position above the $75,000 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $74,500 mark. There was a dip beneath the $74,000 mark. The price even dipped below $73,000. A low was established at $72,470, and the price has recently made … Read more
Bitcoin is striving for stabilisation following a significant pullback; however, uncertainty continues to prevail as the primary market influence. While key support levels continue to hold, allowing for the potential of a recovery rally, bearish signals persist, increasing the likelihood that any short-term bounce may evolve into a bull trap. According to source, recent market … Read more
Bitcoin price has experienced a decline of over 5.5% in the past week, dropping from above $77,000 to approximately $72,600 on Thursday as risk sentiment has deteriorated. The move extends a broader pullback from early May’s highs above $82,000, leaving bitcoin price trading near 6–7% lower week-on-week as surging spot ETF outflows and US‑Iran tensions … 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
Bitcoin’s risk profile is on the rise as institutional selling picks up pace, with crypto analytics platform Swissblock highlighting a “high-risk” environment stemming from ETF outflows and geopolitical instability. As of May 26, Bitcoin is trading at $76,683, reflecting a decrease of 0.79% in the last 24 hours, as reported. Swissblock’s Bitcoin risk index currently … Read more
The 13 US Bitcoin Spot ETFs wrapped up last week with $1.26 billion in net withdrawals, coinciding with notable price declines in the wider crypto market. Notably, data reveals that this marks the most significant outflow from the Bitcoin ETF market since the final week of January, when investor activity culminated in a net loss … 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 has experienced a significant downturn since reaching an all-time high in October of the previous year, shedding 40% of its value and driving the crypto market into a harsh winter crisis. The bitcoin price fell to recent lows of $60,000 per bitcoin in February, as a stock market rally failed to buoy bitcoin and … Read more