Bitcoin extends its decline as selling activity across spot markets accelerates and $BTC trades near $73,496, down 2.15% over the last 24 hours. Spot demand and ETF inflows continue to weaken, reducing short-term support during the correction. Traders are also watching slower institutional activity and softer volatility expectations, while crypto-linked equities and spot Bitcoin ETFs
Bitcoin is testing a critical support zone between $72,000 and $76,000 on the three-day chart. The level has served as significant resistance, then support, then resistance again over the past year. It is now acting as support once more and how it resolves will define the next major move. Short-term price action shows continued weakness
Popular cryptocurrency market analyst Benjamin Cowen has examined Bitcoin’s (BTC) price movements and historical cycles. Cowen stated that Bitcoin has fallen below the bear market resistance band, a critical threshold on the daily chart, and faces the risk of remaining below the bull market support band (around $74,000, which is the 20-week moving average) on
Strategy Chairman Michael Saylor tried to calm the crypto market amid a decline in prices, posting a meditative photo on his social media with the laconic caption “HODL”, urging investors to hold their Bitcoin despite harsh macroeconomic pressure in the United States and the Bitcoin portfolio of his own company falling into deficit. The main
Crypto Market Crash Continues Across Major Coins The crypto market is under pressure again, with major coins trading in the red while traditional markets show stronger momentum. Bitcoin is hovering near $73,000, Ethereum is trading close to the critical $2,000 level, and Solana has slipped below $85. The broader market picture also looks weak. $BTC,
Bitcoin [$BTC] has endured a tough second half of May. Earlier this month, the leading crypto marched, seemingly inexorably, past the $80k summit. The bullish price action was at odds with the myriad of on-chain metrics that suggested buyer strength was waning. The short-term upward momentum was also part of a relief rally that the
Sequans Communications (NYSE: SQNS), the Paris-based cellular IoT semiconductor company, has completed the full redemption of its remaining convertible debt, funded by the sale of a portion of its Bitcoin holdings — bringing a short-lived and costly digital asset treasury experiment to a close. The company now holds approximately 658 $BTC, described as “fully unencumbered,”
Bitcoin demand weakened further as the asset dropped to $72,000 during the early hours of 28th of May. While the Bollinger Bands suggested that $BTC traded near undervalued territory, broader data stayed bearish. Selling accelerated as geopolitical tensions in West Asia resurfaced. Why is Bitcoin demand falling? Demand weakened across both the Spot and Perpetual
The move cements ETF flow as the main driver of Bitcoin’s short‑term price action, with discretionary buyers increasingly forced to trade around institutional liquidity. Crypto ex‑Bitcoin ($BTC) and Ether ($ETH) ripped through a volatile 12‑hour window, with ETF outflows, Solana (SOL) memecoin manias and governance rug fears driving some of the sharpest moves on the
In brief Odds of Bitcoin falling below $70,000 before the end of May have risen on Polymarket and Myriad. Nevertheless, traders still believe it will hold the line, with odds of it falling below at just 26%. Bitcoin’s price slide has been catalyzed by significant ETF outflows and rising crypto liquidations. Prediction market users think