BitMEX co-founder Arthur Hayes has predicted a potential significant correction for Bitcoin and Ethereum, driven by deteriorating macroeconomic conditions. Hayes forecasts Bitcoin may decline to $100,000 (an 18.7% drop from current levels) and Ethereum could fall to $3,000. This cautious… Read More »Arthur Hayes Warns of Bitcoin Correction to $100k, Citing Macroeconomic Concerns
Bitcoin (BTC) experienced a decline yesterday, dropping 1.43% as seller dominance pushed the price lower and prevented a sustained break above near-term resistance near $114,008. The price action now brings key technical support levels between $113,000 and $112,000 into focus.… Read More »Bitcoin Faces Downward Pressure as Sellers Test Key Support Levels
Bitcoin may undergo a price correction toward the $110,000 level due to a critical low-volume zone and concentrated accumulation patterns among short-term holders, according to recent on-chain analysis. The cryptocurrency’s price chart shows a significant ‘air gap’ between $110,000 and… Read More »Bitcoin Faces Potential Correction to $110,000 Amid Weak Support Zone and Profit-Taking Pressure
Bitcoin’s price descended to $116,992.72 on Binance’s USDT trading pair as investors grappled with profit-taking behaviors, macroeconomic concerns, and ongoing regulatory pressures. This downturn underscores the persistent volatility inherent in cryptocurrency markets. Historical market patterns provide context, with notable parallels… Read More »Bitcoin Slides Below $117,000 Amid Profit-Taking and Market Uncertainty
Bitcoin’s ongoing price correction is fueled primarily by deteriorating demand from U.S. investors, signaled by a sustained negative 60-day BTC premium metric. This indicator has historically foreshadowed extended market downturns when persistent. The 60-day BTC premium – measuring Bitcoin’s price… Read More »Weakening U.S. Investor Demand Signals Prolonged Bitcoin Downturn
Bitcoin experienced a sharp decline to $117,914, driven by significant liquidations near a key resistance zone. Approximately $47.5 million worth of leveraged positions were forcibly closed during the drop, concentrated largely in the $118,000 to $119,000 price range where high… Read More »Bitcoin Slides to $117,914 on $47.5M Liquidations as Bulls Hold Long-Term Aim
Bitcoin has experienced a sharp correction, falling from its all-time high of $123,091 to $115,000 in a rapid sell-off. This downturn was primarily driven by forced liquidations of leveraged positions across cryptocurrency exchanges. Market data reveals $144.8 million in total… Read More »Bitcoin Plummets to $115K as Leveraged Liquidations Trigger Market Correction
Bitcoin faced a 1.8% price decline following significant selling pressure ignited by institutional players including Galaxy Digital moving $3.7 billion worth of BTC to exchanges. Short-term holders (STHs) spearheaded the sell-off, driving an $3.8 billion surge in open interest. The… Read More »Bitcoin Slides 1.8% as Institutional Transfers Trigger $531M Liquidations
Bitcoin (BTC) experienced a pullback, declining 2.6% over the past 24 hours to trade around the $115,000 level. The decline is attributed to significant profit-taking activity, combined with substantial outflows from U.S. spot Bitcoin exchange-traded funds (ETFs) totaling $285 million… Read More »Bitcoin Retreats to $115k Amid Rotation to Ethereum, Altcoins
The cryptocurrency market experienced a sharp downturn with bitcoin (BTC) tumbling below the $116,000 threshold and triggering over $140 million in leveraged position liquidations over a 24-hour period. This volatility spike impacted 213,729 traders amid rapidly shifting market conditions. Bitcoin… Read More »Crypto Market Sees Major Correction with $140 Million Liquidated as Bitcoin Plunges Below $116,000
Bitcoin is undergoing a significant short-term price correction, driven by persistent inflation worries and uncertainty surrounding Federal Reserve policy. The cryptocurrency’s price has declined approximately 5%, accompanied by notable exchange inflows signaling investor profit-taking. Recent economic data underscores the inflationary… Read More »Bitcoin Faces Correction Amid Inflation Concerns and Fed Uncertainty
Bitcoin has experienced a significant price decline, falling to $116,000 amid broad crypto market turbulence. This represents a 3.98% drop over the preceding 24-hour period according to market data. The downward movement marks a notable corrective phase for the leading… Read More »Bitcoin Price Drops to $116,000 in Notable Market Correction
Bitcoin witnessed a significant price correction, dipping below the crucial $117,000 support level to trade at approximately $116,800. The leading cryptocurrency recorded a 24-hour decline of 3.73%, reflecting heightened market volatility. Investors and traders are advised to monitor market developments… Read More »Bitcoin Plunges Below $117,000 Threshold Amid Market Volatility
Bitcoin faced a notable correction after touching an all-time high of $123,000, retreating 3.7% to approximately $117,148. Market analysts attribute the pullback to widespread profit-taking by traders and lingering concerns over inflation data, which dampened short-term momentum. Major altcoins experienced… Read More »Bitcoin Retreats from $123,000 Peak Amid Profit-Taking and Inflation Uncertainty
Bitcoin (BTC) experienced a significant retracement, declining approximately 5% to $116,850 following its achievement of a new all-time high. Market analysts have largely attributed this pullback to investors securing profits after the currency’s latest surge. The drop has drawn attention… Read More »Bitcoin Retreats 5% After Record Peak as Profit-Taking Emerges
Bitcoin’s recent peak could retreat towards $95,000 as mounting US fiscal challenges and economic stress indicators create headwinds for the cryptocurrency market. Analysts highlight intensifying pressures despite the asset’s strong long-term institutional outlook. US national debt reached a historic high… Read More »Bitcoin Faces Potential Correction Amid US Debt and Housing Market Strains
Bitcoin faces heightened risk of a substantial price correction if it fails to hold the crucial $100,000 support level. Market indicators point towards potential overvaluation and increasing downward pressure. The Network Value to Transactions (NVT) ratio, a key valuation metric… Read More »Bitcoin Faces Significant Correction Risk Below $100,000 Support Level
Bitcoin’s price momentum is decelerating near the $112,000 threshold amid a significant reduction in demand from major investors and exchange-traded funds. Whale acquisitions and ETF purchases have declined by approximately 50%, reflecting heightened caution among institutional players. Spot market demand… Read More »Bitcoin Momentum Slows Near $112K as Whale ETF ETF Demand Halves
Cryptocurrency markets faced steep declines as escalating Middle East tensions fueled investor panic. Triggered by intensified military actions between Israel and Iran, digital assets experienced sharp sell-offs reflecting heightened risk aversion across financial markets. Bitcoin plunged 5% to $103,464, while… Read More »Geopolitics Trigger Crypto Market Retreat: Bitcoin, Ethereum Tumble Amid Middle East Tensions