While the cryptocurrency market has been shaken by a sharp correction in recent days, the fact that US stock markets are hitting record highs is confusing investors. Renowned macro analyst and FFTT founder Luke Gromen unveiled the reasons behind this contradiction in a recent broadcast. According to Gromen, Bitcoin is the “last working smoke detector”
Bitcoin price has fallen below $60,000 today, extending its 10-day decline to about $19,000 as selling pressure accelerated across the crypto market. More than $155 million in crypto long positions were liquidated within 60 minutes and $1.5 billion in the last 24 hours, adding to volatility as $BTC moved below the key $60,000 support area.
Bitcoin price has fallen below $60,000 after a stronger-than-expected U.S. jobs report prompted traders to scale back expectations for Federal Reserve rate cuts and price in a higher probability of policy tightening later this year. According to data from crypto.news, Bitcoin ($BTC) price fell to an intraday low of around $59,100 on June 5 before
Bitcoin briefly dropped below the critical $60,000 mark on Binance on June 5, marking the pioneer crypto’s first break beneath that level since October 2024. The move comes amid a broader risk-off selloff across financial markets, as investors react to strong U.S. employment data, persistent fund outflows, and growing concerns over liquidity conditions. Bitcoin Price
To figure out whether the market has bottomed, it really comes down to who’s in control right now: conviction or capitulation. Currently, both technicals and on-chain data are starting to line up. From a technical standpoint, Bitcoin is down roughly 16% this week, which has clearly triggered a wave of FUD, with price now testing
Bloomberg Intelligence senior commodities strategist Mike McGlone noted Bitcoin’s recent weak performance compared to equity markets and warned investors about potential risks. According to McGlone, the key question for Bitcoin is what will halt its downward trend. McGlone noted that Bitcoin and the S&P 500 index’s 200-day moving averages have long exhibited a similar pattern.
Prominent economist Robin Brooks has stated that gold has lost its status as a safe-haven asset. The lustrous metal is now trading as a pro-cyclical, high-beta asset that mirrors the behavior of risk markets like Bitcoin and the S&P 500. According to Brooks, the traditional days of gold remaining uncorrelated with swings in risk appetite
Bitcoin entered its seventh day of decline as major cryptocurrencies extended steep weekly losses as the artificial-intelligence trade that drove global risk assets since 2024 waned. At the time of writing, Bitcoin was down 0.47% in the last 24 hours to $62,462 and down 15% weekly. Bitcoin fell to a fresh low of $61,073, leading
Longtime Bitcoin critic and pro-gold advocate Peter Schiff has continued his regular criticism against the chairman of the world’s largest Bitcoin treasury company, Michael Saylor. This time, Peter Schiff has blamed Michael Saylor for Bitcoin’s price dip, noting that the Bitcoin advocate is solely responsible for Bitcoin’s rise and fall. Schiff has made his post
Bitcoin fell after the May US labor report gave markets a reason to delay the next Federal Reserve easing trade, turning a stronger jobs number into a tighter-liquidity problem for crypto. The May Employment Situation report said nonfarm payroll employment rose by 172,000 in May, while the unemployment rate held at 4.3%. TradingEconomics release-screen data