In brief Bitcoin’s 50% drawdown from its $126,000 all-time high is its shallowest to date, compared to 2012’s 90% correction. Analysts point to ETF outflows and macro tightening as signs the bear market isn’t over. $60,000 and $55,000 to $45,000 are key levels to watch if selling pressure continues, Decrypt was told. Bitcoin’s price action
Bitcoin’s latest upward move has sparked debate among market participants, and some believe the rally may have little to do with the purchase announcement that received the most attention. While the acquisition is generally viewed as constructive for the broader market, it is not necessarily the type of development that would justify a significant upward
U.S. President Donald Trump recently said an agreement with Iran could be signed within the next “two or three days,” signaling that tensions in the Middle East may be easing. Meanwhile, Bitcoin has recovered from recent lows below $59,500 and is now trading around the $63,000. Trump: “Agreement with Iran can be signed in 2-3
Standard Chartered maintained its call for Bitcoin to reach $100,000 by Dec. 31, even after the cryptocurrency briefly fell below $60,000 last week for the first time since October 2024. Geoffrey Kendrick, the bank’s global head of digital assets research, called the selloff “painful” but argued the bulk of selling may be over, adding that
Bitcoin has fallen back below $61,500 on Monday, extending a punishing stretch that has now erased more than 8% of its value over the past seven days and pushed the total crypto market cap down to levels not seen since the early part of the year. Into that environment, Changpeng Zhao, the founder of Binance
Onchain analyst James Check says the conditions building across artificial intelligence (AI) stocks and upcoming initial public offerings (IPOs) are creating a setup where bitcoin ends up the most underowned and least-forced-sale asset in the market when the cycle turns. Key Takeaways: Checkonchain founder James Check says bitcoin’s “time pain” process removes sellers before any
Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market. The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had
Bitcoin demand crashes to its lowest level in more than four years, but this may mark the start of a more difficult phase rather than an imminent reversal. Bitcoin has faced fresh selling pressure, with its price falling to around $61,000 during the latest market downturn. The premier crypto asset has dropped 3.41% this week
It looks like crypto investors may have to forget about a summer rally, as trading veteran Peter Brandt has provided the market with a fresh breakdown of the defensive ProShares UltraShort Bitcoin ETF (SBIT), whose structure allows investors to profit from a decline in the leading cryptocurrency with double leverage (-2x). The chart of this