Bitcoin price started a fresh decline below the $75,500 zone. BTC is consolidating and might struggle to stay above the $74,000 support.
BTC spot volume has plunged across major exchanges, reviving comparisons with the late-stage bear market conditions that preceded the 2023 recovery. Binance activity fell from $198.6 billion to $36.4 billion, part of a broad market slowdown.
A market analyst has issued a fresh warning on Bitcoin (BTC), pointing to a shift in the cryptocurrency's risk index as it moves back into a high-risk zone.
High annual performance: Hut 8 shares recorded an increase of nearly 600% year-over-year at the close of the last session. Billion-dollar hardware alliances: The firm IREN consolidated a $1.6 billion deal with Dell for the supply of Nvidia Blackwell systems.
Eight straight days. That is how long US spot Bitcoin ETFs have been bleeding money, with more than $2 billion in net outflows recorded since May 14 — and Tuesday's session added another ugly chapter to that streak.
The Bitcoin price drop highlights the inherent volatility and market sensitivity to external factors, impacting investor confidence and market stability. Bitcoin crashes below $75,000, $150M in long positions liquidated.
Escalating US-Iran tensions could destabilize global markets, impacting energy and crypto sectors, while increasing regulatory scrutiny on digital assets. US military strikes Iran after drone attacks on ships, Bitcoin dips below $80K as crypto markets rattle.
This incident underscores the critical need for enhanced security measures and vigilance in cryptocurrency management to prevent insider theft. Florida IT professional accused of stealing $1.9M in Bitcoin from former employer.
Cardone Capital, the real estate investment company led by entrepreneur Grant Cardone, has strengthened its Bitcoin portfolio once again during the latest crypto market pullback. The firm recently purchased an additional 130 BTC, valued at nearly $10 million based on current Bitcoin prices.
Bitcoin fell below the $75,000 level on Wednesday after renewed geopolitical uncertainty surrounding the United States and Iran rattled global financial markets. The leading cryptocurrency briefly touched an intraday low of $74,571 before recovering slightly to trade near $75,129, according to TradingView data.
Bitcoin's price performance is certainly far from being bullish. At first, the rebound from the February lows appeared promising, but the rally came to a standstill just below the falling 200-day moving average, which was located between 81 and 82k.
Bitcoin is showing a monthly momentum signal that has appeared near several major cycle lows, which raises the possibility that the current correction is entering its final stage. The setup is based on the monthly logarithmic MACD histogram, where previous Bitcoin bottoms formed only when the red bars began fading for at least two straight months.