Bitcoin’s price plummeted sharply to $67,000, breaking a critical support level. Market experts note that the price is accelerating its downward movement by passing through an air gap region where trading history is quite limited. According to André Dragosch, Head of Research at Bitwise Europe, there is insufficient trading volume in such regions, preventing the
Market participants are facing a sharp volatility spike as the Bitcoin price reacts to aggressive deleveraging across the crypto space. <img decoding="async" src="https://cnews24.ru/uploads/ae0/ae0eb310b22791295070445bf4065f426fedcf26.png" size="745×419" alt="$BTC/$USDT daily chart with EMA20, EMA50 and volume” loading=”lazy” /> $BTC/$USDT — daily chart with candlesticks, EMA20/EMA50 and volume. Summary Daily Structure: Clear Downtrend, Early Signs of Capitulation Trend & EMAs
Virginia Advances Bill in Committee to Establish State Bitcoin Fund Virginia lawmakers are moving forward with a proposal that would place the Commonwealth among a growing number of states exploring direct exposure to bitcoin and other digital assets through public reserves. Senate Bill 557, patroned by Senator Reeves, would establish the Commonwealth Strategic Cryptocurrency Reserve
The price of bitcoin has slipped beneath the $70,000 threshold and, over the past 30 days, has given up 26% against the U.S. dollar. This retreat has sent both crypto cheerleaders and critics racing to social media, each eager to offer their own take on what’s driving bitcoin’s latest pullback. Bitcoin Stumbles Again as Macro
In a striking development that has captured the attention of cryptocurrency analysts worldwide, margin long positions for Bitcoin on the Bitfinex exchange have surged to their highest level in two years, coinciding with a significant decline in the digital asset’s market price. This notable divergence between price action and derivative market positioning, first reported by
The cryptocurrency market extended its decline, with Bitcoin and major altcoins falling sharply as heavy selling and forced liquidations accelerated losses. The total crypto market fell about 5.7% in 24 hours to roughly $2.43 trillion, according to market data, driven largely by institutional outflows from U.S. spot Bitcoin exchange-traded funds (ETFs). Bitcoin Breaks Below Support
The sharp sell-off in cryptocurrency markets has also inflicted deep wounds on corporate balance sheets. Double-digit weekly losses in Bitcoin and Ethereum, the second-largest cryptocurrency, have left large-scale institutional investors facing billions of dollars in losses. According to the latest data, the price of Bitcoin has fallen to $67,112, losing over 20% in the last
In a recent move, BlackRock has deposited 3,900 $BTC worth $275 million and 27,197 $ETH worth $56.68 million to Coinbase Prime, according to Lookonchain. This has been BlackRock’s usual practice in recent weeks, moving significant amounts of Bitcoin and $ETH to Coinbase. As reported by Lookonchain, on Feb. 3, Blackrock shifted 1,134 $BTC worth $88.68
Bullish bitcoin bets funded with borrowed money are rising on Bitfinex, one of the oldest crypto exchanges, even as the price continues to fall. Margin long positions have climbed to roughly 77,100 BTC, the highest level since December 2023, when bitcoin was trading near $40,000, according to TradingView data. Margin longs are up 64% over
Veteran market analyst Gareth Soloway has outlined several possible paths for Bitcoin’s price, including a worst-case scenario that could see the cryptocurrency fall sharply if global financial markets face a major downturn. In a recent market update, Soloway said Bitcoin is currently holding an important price area and has shown more resilience than U.S. stock