Bitcoin recently fell sharply, catching many investors off guard. Analysts say the sell-off happened due to a mix of macro factors and leveraged trading pressure. Together, these forces created a fast and intense wave of selling across the crypto market. Bitcoin has been relatively stable over the past few weeks. However, macroeconomic changes spooked traders
Story Highlights Bitcoin crashes below $86.5K, wiping $144B as traders react to Fed Chair Powell’s speech; altcoins ETH, XRP, and SOL follow the sell-off. China FUD, whale moves to USDT, and high BTC leverage fuel crypto crash; markets await Powell’s hints on rate cuts and future Fed policy. Bitcoin Price crashed ahead of Federal Reserve
Bitcoin (BTC) started December under pressure, falling after a failed attempt to reclaim key resistance near $93,000. As a result, the move has sparked debate among analysts about whether the recent price action is a pause before a rally or the start of a deeper decline. Resistance at $93K Holds Firm Bitcoin’s price attempted to
Bitcoin suffered a sharp pullback on Sunday night, falling below $86,000 and wiping out $144 billion in value in the crypto market. Global macroeconomic pressures and the Yearn Finance hack have led investors to adopt a risk-off stance. Bitcoin fell 4.8% in the last 24 hours to $86,310. Ethereum, XRP, and Solana fell 5.36%, 6.39%,
Bitcoin dropped below $87,000 on Monday, the steepest decline in weeks and an indicator of a renewed wave of volatility as a December selloff impacts the broader crypto market. The decline wiped out last week’s advances and was part of a broader decline in other major digital assets. The drop occurred in early Asian trading,
Bitcoin failed to break key resistance over the weekend and slumped almost 5% in just three hours on Sunday. The asset had spent most of the weekend trading around $91,500, where it appeared to be consolidating toward the end of the month, but suddenly declined to $86,950 on Coinbase, according to Tradingview. The almost 5%