Bitcoin continues facing heavy selling pressure as traders struggle to regain bullish momentum below key resistance levels. The leading cryptocurrency recently slipped toward the $74,300 region after repeated failures near the $80,000 to $82,000 zone. Consequently, bearish sentiment has strengthened across both spot and derivatives markets. Market participants now monitor whether Bitcoin can stabilize above
Inflation in the U.S. continued to be high in April, putting renewed pressure on risk assets and taking a toll on crypto assets as well. The Federal Reserve’s favored inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, increased notably. The US PCE inflation met the Wall Street analyst expectations.
The widening gap between Bitcoin’s conservative design philosophy and DeFi’s ever-expanding attack surface just got a blunt restatement from one of crypto’s oldest voices. In a recent interview clipped by WuBlockchain, Blockstream CEO Adam Back didn’t mince words: virtual-machine smart contracts are too complex to secure, restaking and rehypothecation build extreme hidden leverage, and the
While the end of the months-long war between the US and Iran was expected, the renewed intensification of tensions and the combination of Fed interest rate uncertainty stemming from war-induced inflation are continuing to put downward pressure on Bitcoin ($BTC). At this point, $BTC has fallen as low as $73,000 during the day, and market
Bitcoin held a narrow intraday range of $72,622 to $76,047 on Thursday, as bears maintained structural control across multiple timeframes. Price action on the 1-hour, 4-hour, and daily charts all pointed to a market searching for directional conviction near multi-week lows. Key Takeaways: $BTC printed a May 28 intraday high of $76,047, staying well below
Bitcoin fell below $73,000 to the lowest level since April 13 on Thursday as renewed fighting between the U.S. and Iran rattled global markets, pushing oil higher and dimming hopes for a permanent ceasefire. The selloff followed U.S. strikes in southern Iran. Iran’s Revolutionary Guards said they retaliated by targeting the American base used to
Bitcoin is currently retesting the support trendline of a multi-year wedge and losing it could lead to its largest weekly candle loss in years. MichaelXBT, a well-known crypto market commentator, was first to call attention to this structure. His commentary comes as Bitcoin ($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