Bitcoin ($BTC) has dropped over 8% from its June high near $67,255, putting the $60,000 support level back in focus. $BTC/USD daily chart. Source: TradingView Key takeaways: The SpaceX-led tech market rout is pushing Bitcoin price toward the $60,000 support. A decisive breakdown below $60,000 may lead the price toward $56,000 or under. SpaceX Rout
1-Hour Chart: Consolidation and Lower Highs Define Short-Term Structure On the 1-hour chart, bitcoin’s price action reflects a market under consistent selling pressure. A sharp selling impulse earlier in the session produced a series of lower highs and lower lows before price found a tentative floor in the $62,200 to $62,500 zone. That consolidation has
Ether treasury company Bitmine says it has met the eligibility criteria for Russell 1000 inclusion after appearing on FTSE Russell’s preliminary Russell 3000 additions list, raising the prospect that one of the largest corporate Ether holders could move deeper into mainstream equity portfolios. Bitmine Immersion Technologies appeared on the preliminary additions list published by FTSE
The latest incremental step in Hong Kong’s ambitions to lead Asia’s tokenised securities market arrived this week with a whitepaper focused on the nuts and bolts of tokenised bonds. The Digital Asset Clearing Center “DACC.HK” joined the Hong Kong Economic Council to release the document, as detailed in a release from the company. For market
Quantum computing threatens Bitcoin and crypto for one narrow reason: a powerful enough quantum computer could work backward from a wallet’s public key to its private key, then sign transactions and move the funds. The math that makes that reversal practically impossible for today’s computers does not hold up against a quantum machine running the
Bitcoin continued to trade under pressure on Monday as weakening market participation and persistent exchange outflows reinforced a cautious outlook for the cryptocurrency. Despite a recent rebound from key support levels, technical indicators suggest that bulls still face significant obstacles before regaining control of the broader trend. The cryptocurrency traded near $62,854, remaining below its
Bitcoin continues to test investors’ nerves. While the price of the leading cryptocurrency slides toward local lows in the $62,400–$63,600 area, testing the important 200-week moving average, a powerful countertrend move is forming in the derivatives market. According to a fresh report from Glassnode, large players on the decentralized exchange Hyperliquid have launched a large-scale
Bitcoin is yet to recover from the prolonged market volatility, but selling pressure among long-time Bitcoin holders is easing as they become more willing to hodl their assets. According to data from crypto analytics platform CryptoQuant, selling activity among Bitcoin’s oldest holders has declined significantly as they appear to be growing more confident. It is
The leading cryptocurrency, Bitcoin, surged above $65,000 yesterday following positive developments from the US-Iran front and news of Strategy’s $BTC purchases. However, this rise was short-lived. $BTC fell to around $62,000 along with the declines seen in US stocks. While the risk of further declines for Bitcoin still remains, one analyst shared a bullish signal