Bitcoin has recently encountered a significant rejection at the $62,498 resistance level, highlighting the prevailing bearish dominance in the market. This failure to surpass a crucial threshold indicates the strength of selling pressure and raises concerns about potential downward trends among traders and investors. The rejection at this key level has prompted a reassessment of
Bitcoin
Bitcoin, the undisputed king of cryptocurrencies, has reached a critical juncture in its journey. Following a strong performance in the first half of 2024, where it surpassed the $71,000 mark, Bitcoin has now retreated to the $61,000 support level. This recent dip has sparked a debate among analysts, highlighting the uncertainty surrounding the digital asset’s
The recent trend of Spot Bitcoin ETFs experiencing outflows for seven consecutive days is quite concerning. These outflows have been averaging around $100 million daily, totaling to approximately $1.2 billion being pulled out from the funds so far. This decline in the Bitcoin price has raised questions about the correlation between institutional sell-offs, miner sell-offs,
The once-sizzling crypto market continues to sputter, with Bitcoin, the undisputed king of the digital realm, leading the retreat. After a euphoric climb that saw it breach the $73,000 level earlier this year, Bitcoin has shed its royal cloak, plummeting to new lows and dragging the entire crypto ecosystem into a period of frosty uncertainty.
Anthony Scaramucci, the founder of SkyBridge Capital, has made bold predictions about Bitcoin reaching new all-time highs (ATH) if his preferred presidential candidate, Joe Biden, wins the reelection bid. He believes that a second Biden administration could lead to Bitcoin hitting a price range between $170,000 and $250,000. Scaramucci’s optimism stems from recent developments in
Bitcoin is currently facing a significant decline in its price, inching closer to the pivotal $60,000 mark. The market sentiment has shifted to a more bearish tone due to various macroeconomic factors and an increase in selling pressure. This shift has caused Bitcoin to struggle in maintaining higher price levels, leading to concern among investors
As per the analysis by crypto analyst Justin Bennett, Bitcoin is on the verge of witnessing a significant price crash, potentially dropping to lows of $52,000. Bennett’s predictions are based on the fact that Bitcoin has broken key support levels, indicating a shift from a bullish to a bearish position. The price chart shared by
The recent performance of Bitcoin has been less than stellar, casting a shadow over the entire crypto market. Not only has the leading cryptocurrency failed to see significant gains, but it has also struggled to maintain its value. This trend has been observed not only in Bitcoin but also in other large-cap assets, which have
Bitcoin is currently experiencing a significant decline, with its value dropping below the $64,000 mark to a low of $63,564. This represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Amidst this downward trend, some experts, such as Arthur Hayes, the co-founder of BitMEX, are
The recent Bitcoin price crash below $66,000 has sent shockwaves through the market, resulting in over $90 million in liquidations within a 24-hour period. Despite this significant drop, analysts are warning that the worst may be yet to come. In particular, well-known crypto analyst Ali Martinez has made a bleak prediction, suggesting that Bitcoin could
