Bitcoin tumbled below $60,000 on Friday, breaking the lows of the early February crypto crash and reaching its weakest level since October 2024. The largest cryptocurrency is down nearly 20% in just the past week, and now has lost more than 52% since its October peak above $126,000.. Several headwinds have converged over bitcoin recently
While the spot price of Bitcoin ($BTC) is engaged in a sideways battle around $60,900, on-chain data is providing investors with a crucial roadmap. According to Bitcoinsistemi.com’s on-chain data, the Realized Price, which represents the average cost basis for all investors in the market, is currently at $53,700. Bitcoin: Realized Price What is the Actual
The cryptocurrency market started June with a very sharp correction. Bitcoin ($BTC), which had been trying to hold its ground and turn upwards for weeks, is bleeding dry due to successive selling pressure in recent days. The leading cryptocurrency, which quickly fell to the $60,400 mark, dragged the altcoin market along with it, causing a
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1681.25, down 4.8% (-84.48) since 4 p.m. ET on Thursday. All 20 assets are trading lower. Leaders: BTC (-2.8%) and BNB (-2.9%). Laggards: ICP (-14.6%) and NEAR (-14.3%). The
The U.S. economy added 172,000 jobs in May, nearly double economists’ expectations, strengthening the case for Federal Reserve rate hikes this year. The unemployment rate held steady at 4.3%, according to data released Friday by the Bureau of Labor Statistics. Bitcoin remained under pressure following the report, trading below $62,000 as the broader crypto market
The US non-farm payrolls data, eagerly awaited by the cryptocurrency market, has been released. According to the released data, non-farm employment in the US reached 172,000. Market expectations were for the figure to be around 85,000. The previous figure was recorded as 115,000. The unemployment rate in the US was announced as 4.3%. The expectation
The recent sharp drop in Bitcoin has brought the $60,000 level back to the forefront of market attention. As the $BTC price approaches this critical zone, investors are now closely monitoring not only the classic support and resistance levels but also the intense positioning in the derivatives market. According to market experts, the $60,000 level
In recent weeks, bitcoin sentiment has been most bullish when the price was highest and most bearish exactly when it was most stressed, according to Santiment data covering May 21 through June 4. Peak bullishness hit on May 22, with bitcoin near its high of $78,000 for the period. The most bearish came June 3,
The cryptocurrency market started the last trading day of the week with a sell-off. The sharp pullback in Bitcoin negatively impacted Ethereum and the altcoin market in general. The Bitcoin price fell to levels as low as $61,000 during the week, testing its weakest levels in recent months. Outflows from US spot Bitcoin ETFs, liquidations
Bitcoin slipped below $62,000 on Friday, briefly approaching the $61,000 level as weakening demand and rising selling pressure from short-term holders weighed on sentiment. The move comes amid a broader risk-off environment across global markets. The momentum indicators remain bearish, suggesting further selloff in the near term. Bitcoin demand continues to decline Bitcoin is down