Bitcoin price fell below $63K as Iran tensions, ETF outflows and $1.1B liquidations pushed BTC near key support between $60K and $54K.
Charles Schwab's Jim Ferraioli says crypto is losing the momentum trade to AI stocks and hot IPOs.
Legendary chartist and trader Peter Brandt has a sobering warning for cryptocurrency investors.
Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year's recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately.
Bitcoin traders are watching $60,000 after US-listed funds tied to the coin shed $519 million in a single day, extending a run of withdrawals that has shaken the market. The cryptocurrency dipped 4.5% on Wednesday to an intraday low of $65,700 before recovering to around $67,100.
BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.
Wyoming set new AI data center rules as demand for power rises and Bitcoin miners expand into data center and HPC hosting markets.
Anthony Pompliano, CEO of Professional Capital Management, urged investors on Wednesday to stop paying attention to the recurring declarations that Bitcoin (CRYPTO: BTC) is “dead.” ‘Careful Who You Listen To' Pompliano expressed frustration on X about how some bears start “screeching” every four years that Bitcoin is going to zero.
The Bitcoin flash crash highlights the volatility and risks in leveraged crypto trading, potentially impacting investor confidence and market stability. Bitcoin flash crash below $62K wipes out $1.8B in leveraged bets.
The crypto market took a hit on Wednesday as Bitcoin plunged more than $2,000 in under an hour, briefly falling to $61,460 before recovering above $64,000. The move pushed Bitcoin below $63,000 for the first time since 24 February and triggered over $1.1 billion in leveraged position liquidations across the broader market within 24 hours.
Bitcoin's futures market is flashing a warning that analysts say could mean more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices fell, with funding rates holding positive at 0.083% — a sign that bullish bets remain in place despite the selloff, leaving the market exposed to another wave of forced liquidations.
The sell-off by high-conviction Bitcoin holders may indicate a late-stage bear market, signaling potential shifts in market dynamics and investor sentiment. Bitcoin's high-conviction holders sell $2.4B as price falls below $70K for first time since April.