More than $400 million were lost in the past day, making this one of the most severe liquidations the cryptocurrency market has seen in recent weeks. A crucial support level was broken by Bitcoin, which had been trading above $113,000, and it fell toward $111,800, endangering its short-term stability. Ethereum takes most of damage The
Bitcoin price today is trading near $111,900 after slipping from the $114,000 zone earlier this week. The rejection at the 20- and 50-EMA cluster near $113,200 has kept upside attempts capped, while immediate support remains at $111,000. Traders are now focused on whether this consolidation turns into a rebound or if deeper retracement risks emerge.
Key takeaways Bitcoin is down 1% in the last 24 hours, dropping below the $112k level. The leading cryptocurrency is still holding its value above the $110k support ahead of tomorrow’s PCE data. BTC dips below $112k as bearish sentiment grows stronger The cryptocurrency market has been bearish this week, with Bitcoin and other major
Raoul Pal, founder of Global Macro Investor, has drawn attention to a widely circulated chart that compares bitcoin’s (BTC) movements with global M2 money supply. The chart shows that since early 2023, bitcoin has tended to track global M2 money supply with a consistent 12-week lag, implying that changes in liquidity conditions filter through to
Sygnia CEO Magda Wierzycka has cautioned against excessive enthusiasm for bitcoin and emphasized that crypto should make up no more than 5% of discretionary assets. Sygnia CEO Cautions Against Excessive Enthusiasm for BTC The head of a leading South African investment firm has raised concerns over what she considers excessive enthusiasm surrounding bitcoin ( BTC),
The world of finance is witnessing an exciting shift as more traditional institutions embrace digital assets. This trend is powerfully highlighted by the latest news: French investment firm Melanion Capital is making a significant move into the cryptocurrency space. They have announced ambitious plans to raise €50 million, equivalent to about $58.72 million, specifically for
Bitcoin is stuck in a macro tug of war as the U.S. dollar strengthens following the U.S. Federal Reserve’s measured dovishness, with gold settling lower after Wednesday’s record high. The conflicting signals have left the crypto trading in a tight range, lagging the record-breaking momentum in equity markets and gold. The Fed’s quarter-point “insurance cut”
As Bitcoin (BTC) continues to remain range-bound between $110,000 – $115,000, data from crypto exchanges seems divided toward the leading cryptocurrency. While Binance traders are exhibiting a bullish stance, traders from other exchanges are still showing a degree of hesitation. Binance Traders Expecting Bitcoin Price Surge According to a CryptoQuant Quicktake post by contributor Crazzyblockk,
A closely watched crypto commentator known as plur daddy (@plur_daddy) has resurfaced with a macro thesis that places Bitcoin and gold at the center of an approaching policy inflection—arguing that President Donald Trump’s push to assert greater control over US monetary policy could catalyze a liquidity wave that undermines the dollar and forces institutional participation
Bitcoin price extended losses after it traded below $113,800. BTC is now consolidating losses and might decline again to test the $110,500 support zone. Bitcoin started a fresh decline below the $113,500 zone. The price is trading below $113,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance