Bitcoin has steadied around the $60,000 mark after a turbulent June, characterised by heightened volatility and persistent bearish sentiment. Over the past week, BTC experienced a decline from $63,000 to a low near $58,000 before showing a slight recovery, trading at $59,179 as of June 29. Despite this stabilisation, market conditions indicate a persistent absence … Read more
Bitcoin price fell to an intraday low of around $58,000 Thursday morning before making a partial recovery, as the bear market that commenced after October’s peak continues without evident signs of fatigue — and a significant long-term valuation model seems to have faltered for the first time ever. The world’s largest cryptocurrency by market cap … Read more
Bitcoin price has plummeted below $60,000, reaching levels not observed since October 2024 and wiping out months of gains in just a few days. At this time, bitcoin price trades at $59,566 — down more than 10% in 24 hours and roughly 53% off its all-time high of $126,277 set last October. The decline has … Read more
Bitcoin declined to approximately $62,000 on Wednesday, as a second consecutive day of significant selling in technology stocks exerted pressure on risk assets globally. The token traded around $62,546, down 2.1% over 24 hours and 4.9% on the week, sliding back toward the lower end of the range it has held all month. The selling … Read more
Bitcoin began the week hovering around $64,000, remaining detached from a surge in Asian equities as negotiations between the US and Iran progressed towards a potential peace agreement. The token traded around $63,996 on Monday, reflecting a decline of 0.4% over the past 24 hours and a decrease of 2.2% for the week, according to … Read more
Bitcoin steadied near $64,000 over the weekend, recovering some of Friday’s decline, as traders assessed the initiation of US-Iran ceasefire discussions in light of a renewed threat to close the Strait of Hormuz. The token was valued at approximately $64,200 on Sunday, reflecting a 0.9% increase over the past 24 hours, yet remaining relatively unchanged … Read more
Bitcoin is exhibiting indications of stabilisation following a challenging period, and research firm K33 asserts that the on-chain evidence is compelling. In its latest market report, Vetle Lunde highlighted a record proportion of Bitcoin supply retained by long-term holders — a metric that, historically, has signalled the conclusion of every significant bear market in Bitcoin’s … Read more
While the present levels of loss realisation are sufficient to indicate pronounced bear market conditions, they have yet to attain the severity necessary to establish a clear bottom. In the wake of significant selling pressure that drove bitcoin below $60,000 two weeks prior, analysts have pointed to on-chain data indicating potential seller exhaustion, a notion … Read more
Bitcoin climbed to its highest level in nearly two weeks after the US and Iran reached a deal to end hostilities and reopen the Strait of Hormuz, removing the energy-supply fear that had weighed on markets for months. The token traded around $65,844 on Monday, up 2.1% over 24 hours, after touching a low near … Read more
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