Bitcoin price started a fresh decline below the $74,000 zone. $BTC is consolidating and might struggle to stay above the $72,000 support. Bitcoin failed to stay above $75,000 and extended losses. The price is trading below $74,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $73,750
An increasing number of Bitcoin holders are seeing their investments turn red as the holding structure continues to deteriorate across major cohorts, according to CryptoQuant. Annual balance growth for whale accounts holding between 1,000 and 10,000 Bitcoin ($BTC) has turned negative in the fastest contraction this year, CryptoQuant said in a report on Thursday. Monthly
Amid the broader market drawdown, Bitcoin’s bearish streak extended, dropping to a 6-week low of $72,728. At press time, Bitcoin traded at $73,376, down 3.2% on the daily charts, adding to its 5% weekly drop. With the market on its back foot, investors, especially whales on the derivatives, were forced to reposition themselves. Garret Jin
Peter Schiff claims Strategy’s stock-to-Bitcoin accumulation mode is one among a trio of dominoes falling in America’s debt system. The other two are the $39.19 trillion national debt and the artificial intelligence (AI) bubble. In a May 28 hour-long video, the gold permabull argues that these three elements constitute a disillusioned and consequently collapsing financial
Orix, an Artificial Intelligence (AI-driven) Web3 project, has declared its blazing integration with UXLINK, a famous Web3 social platform for community growth. The primary purpose of this partnership is to strengthen Web3 social connectivity and user engagement across the ecosystem. Both firms are developed enough to deal with Web3 matters easily. Orix has shared this
Bitcoin’s anticipated recovery above is looking increasingly bleak due to the formation of a bearish flag. The leading cryptocurrency has fallen further below $74,000 in the past 24 hours, and one analyst believes the latest move is only another stage in a much larger decline. Bitcoin is currently trading at $73,240, down about 3.2% on
Bitcoin extends its decline as selling activity across spot markets accelerates and $BTC trades near $73,496, down 2.15% over the last 24 hours. Spot demand and ETF inflows continue to weaken, reducing short-term support during the correction. Traders are also watching slower institutional activity and softer volatility expectations, while crypto-linked equities and spot Bitcoin ETFs
Base, the Layer 2 blockchain incubated by Coinbase, activated its Azul network upgrade on mainnet this month, marking the chain’s first independent protocol upgrade and a significant step toward Stage 2 decentralization. The upgrade launched on Base Sepolia testnet on April 21 and was targeted for mainnet on May 13, according to a blog post
Recent moves by the Iranian government to Bitcoin for oil tolls as gold overtakes US dollar assets in global central bank reserves signals a “shift away from dollar-based systems,” according to crypto financial services company Fidelity Digital Investments. Tehran’s acceptance of $BTC for oil shipments passing through the Strait of Hormuz represents the emergence of
Crypto trading firm FalconX has confidentially filed a draft S-1 registration statement with the Securities and Exchange Commission (SEC), the initial step toward a potential public listing, according to a person with knowledge of the matter. FalconX has hired Wall Street heavyweight Cantor and other bankers to advise on its initial public offering (IPO), the