Bitcoin trended downward on Wednesday, dropping beneath the $75,000 threshold to trade at $74,570 at the time of writing. This slide erased nearly 3% of its weekly value and dragged its market capitalization back below $1.5 trillion. Key Takeaways: Bitcoin fell below $75K on May 27 as Glassnode flagged fading exchange-traded fund (ETF) inflows. Bitstamp
CME gaps are supposed to die Friday. CME Group says its regulated crypto futures and options will move to 24-hour, seven-day trading on May 29, pending regulatory review, cutting into one of Bitcoin‘s familiar institutional market tells. The weekday venue that helped create weekend CME-gap talk is preparing to keep matching trades while crypto prices
Despite recent years bringing overwhelming optimism for the cryptocurrency market as the latest ‘crypto winter’ ended, digital assets found mainstream appeal, and a friendly U.S. administration, Bitcoin ($BTC) ended up underperforming stocks in the last 12 months. Specifically, while the benchmark S&P 500 index soared 26.98% from 5,921 to 7,519 across the previous 52 weeks,
Bitcoin ($BTC) may be on the verge of a fresh bearish phase as technical indicators flash warning signs while the asset remains in consolidation. In this context, an outlook by TradingShot in a May 27 TradingView post suggested the bearish signal stems from Bitcoin forming a Head and Shoulders pattern, indicating weakening momentum after the
Grayscale Research says SpaceX is on track to become the largest diversified public company holding Bitcoin ($BTC). The Elon Musk-led space firm disclosed 18,712 $BTC on its balance sheet ahead of an early June listing. At a current $BTC price near $75,954, the holding is worth roughly $1.42 billion. That equals about 0.1% of the
Bitcoin is under pressure. The price is holding above the April 2024 low but sitting directly on a key support level that will determine short-term direction within hours rather than days. The level to watch is $74,950. Everything happening in Bitcoin’s price structure right now converges on this single number. Why $74,950 Is the Line
Veteran Trader Peter Brandt recently weighed in on an X discussion which centered around valuation models and their implications for Bitcoin price. A discussion began on X stemming from Strive’s Strategist Joe Burnett’s X post that the Bitcoin Power Law model suggests BTC should be around $163,500 today. Burnett speculates that a major rotation of
Bitcoin has continued to fail in its recent attempts to break out from its current price level and this has triggered fear among speculative traders. With Bitcoin remaining consistently in the red territory for the past days, the latest forecast from crypto prediction platform Kalshi shows that Bitcoin now has more chances of dropping below
Bitcoin is likely on the verge of heightened volatility due to the combination of leverage, retail speculation, and aggressive spot selling. Popular crypto analyst Ted recently took note of several rather alarming derivatives market indicators. Bitcoin has been printing a series of lower highs and lower lows on its one-hour chart. Recently, the cryptocurrency dropped
Bitcoin price just flashed the same warning that preceded its 35% January collapse, slipping below a cluster of critical technical lines on the daily chart. A single wallet still withdrew 873 $BTC worth $66 million from OKX, possibly betting the outcome this time will look nothing like January. Bitcoin Price Cracks All Four EMAs as