Bitcoin ($BTC) sellers took control during the European trading session on Tuesday as the $BTC/USD pair slipped below the $70,000 mark for the first time since April. Analysts said that Bitcoin has entered another distribution phase due to high selling pressure and investors realizing losses. Key takeaways: Bitcoin sees renewed distribution as short-term holders sell
Bitcoin Price Slips Below Psychological $70,000 Support The cryptocurrency market faced severe downward pressure on Tuesday morning as the Bitcoin price officially broke below the critical $70,000 psychological baseline. $BTC dropped by nearly 4% over a 24-hour window, hitting intraday lows near $69,371. Bitcoin price today in USD This unexpected correction has disrupted weeks of
A Tether-linked Bitcoin reserve address has transferred 204.3 $BTC, valued at approximately $14.36 million, to the Bitfinex exchange, according to on-chain data shared by blockchain analytics firm EmberCN via X. The transaction occurred roughly two hours before the report was published. Background of the Tether $BTC reserve address This particular wallet has been actively accumulating
After experiencing a nice recovery in early May, Bitcoin ($BTC) and Ethereum ($ETH) have been undergoing a major pullback in recent weeks. After rising above $82,000, the Bitcoin price fell below $70,000, and some market analysts are warning against further declines. While market anxiety persists, Bitmine (BMNR) Chairman Tom Lee says that despite short-term weakness,
Strive (ASST) has acquired 2,500 bitcoin for roughly $185.2 million at an average price of $74,092 per coin, the company reported in an 8-K filing. It was completed at a lower average price than Strive’s last disclosed acquisition of 1,109 $BTC at $76,989 on May 22, suggesting the company bought into the slide that has
Latest developments: Balchunas argued investors are overreacting to recent Bitcoin ETF redemptions. Speaking with CoinDesk’s Jennifer Sanasie and Dave Lavalle on Public Keys, Balchunas said roughly $3 billion in outflows from a market with about $100 billion in assets is “totally meaningless” compared with normal ETF flow patterns. He compared Bitcoin ETF flows to major
Bitcoin saw its price retrace after initially moving upwards and clearing the resistance at $80,000. Eventually, though, the price ended up hitting major resistance at $82,000 and falling back downward. Now, the Bitcoin price seems to be stuck in a sideways movement that threatens to be the end of the recovery. However, this might not
From a 2011 peak near $1,900, gold spent years carving a deep base, retested resistance around $2,100 in 2020, consolidated again through 2022, then broke decisively higher to reach $3,300 by early 2025 and a record above $5,400 in January 2026. According to analyst and Real Vision affiliate James Easton, Bitcoin’s weekly chart is now
Bitcoin slipped below the psychologically important $70,000 level on Tuesday, trading around $69,300, as derivatives positioning reached some of the most elevated levels of the current cycle. Open interest across bitcoin futures markets has climbed to approximately 773,000 $BTC, a level last seen only a handful of times on record, according to Coinglass data. Previous
The cryptocurrency market started the week with strong selling pressure, with Bitcoin ($BTC) falling towards the $70,000 level. Analysts point to increased US-Iran tensions and $BTC sales by institutional Bitcoin investor Strategy as contributing factors to the decline. According to market data, Bitcoin fell 4.2% in the last 24 hours, dropping to $70,111. Ethereum (ETH),