Bitcoin is currently retesting the support trendline of a multi-year wedge and losing it could lead to its largest weekly candle loss in years. MichaelXBT, a well-known crypto market commentator, was first to call attention to this structure. His commentary comes as Bitcoin ($BTC) collapses below the $74,000 price mark for the first time in
Bitcoin is down 3.35% over the past 24 hours to $73,281.93, underperforming an already weakening crypto market as renewed Middle East tensions and heavy institutional selling pressure continue weighing on risk assets. The asset is also showing a strong 83.6% correlation with gold, signaling that macroeconomic fears are heavily influencing current price action. Amid the
Bitcoin price has fallen toward the $73,000 region after a wave of ETF outflows, derivatives pressure, and long liquidations triggered fresh panic across the crypto market. According to crypto.news price data, Bitcoin ($BTC) price dropped more than 4% over the past 24 hours and briefly touched the $72,800 area on May 28 after bulls failed
CME Group has officially entered the always-on crypto market. Beginning Friday, CME Bitcoin futures and options now trade 24 hours a day, seven days a week on Globex, CME’s electronic trading platform, with only a 60-minute weekly maintenance pause between 10PM and 11PM UTC each Sunday. While weekend trades will still clear on the next
Bitcoin (BTC) is down to around $73K amid ETF outflows and geopolitical tension. Over $2B in ETF outflows and $900M liquidations added selling pressure. The key support sits at $72,650 with RSI near oversold levels at 34.82. Bitcoin slipped below the $73,000 level as a combination of geopolitical escalation, heavy ETF redemptions, and large institutional
Bitcoin slipped below $75,000 for the second time in May, touching an intraday low near $74,200 as the market’s recovery from spring lows lost momentum again. The first break came on May 23, when spot ETF outflows and forced liquidations pulled $BTC to below $75,000. Then, amid a sell-off in Asian markets, Bitcoin has dipped
Bitcoin is facing a mixed market setup as exchange reserves fall to rare lows while short-term price indicators and holder profitability remain weak. Bitcoin exchange reserves have fallen to 2,666,753 $BTC, according to CryptoQuant data shared by thechessONCHAIN. The last comparable reading came on August 31, 2019, when Bitcoin traded near $9,430. Bitcoin now trades
Bitcoin [$BTC] has been written off many times over the years, but the top crypto has always bounced back. In fact, weak phases often reveal where else traders are looking. Interestingly, right now, activity in smaller altcoins is starting to pick up! Bitcoin has survived 472 death calls since 2011! Bitcoin has been called “dead”
A prominent cryptocurrency whale associated with BIT (formerly Matrixport) has initiated a highly leveraged long position on Bitcoin, adding 500.01 BTC worth approximately $36.4 million at current prices. The trade, executed with 20x leverage, was identified by blockchain analytics platform Lookonchain, which flagged the activity as originating from a new wallet address linked to the
Bitcoin is sitting near a key support test as analysts split between deeper accumulation zones and a possible bearish flag breakdown. A hold above $72,000 could keep $BTC inside the range, while a clean break lower could bring the $60,000, $45,000, and $35,000 zones back into focus. Bitcoin Chart Marks $60K, $45K and $35K Accumulation