A brutal 24-hour sell-off triggered massive liquidations across crypto markets, with prediction platform Polymarket now signaling a greater than 50% chance Bitcoin breaks below $70,000 this month. Analysts point to a mix of macroeconomic pressures and regulatory uncertainty fueling the downturn.
Investment bank Stifel Financial cautions that Bitcoin could face a steep decline to $38,000, citing deteriorating market sentiment, tightening liquidity, and bearish technical indicators that echo past cycles of monetary tightening.
Bitcoin's price slid below the $70,000 threshold following remarks from Treasury Secretary Scott Bessent, who explicitly denied having the authority to orchestrate a government-backed rescue for the cryptocurrency sector. The decline underscores growing regulatory clarity and its immediate impact on fragile digital asset markets.
As Bitcoin struggles below $70,000, prominent analyst PlanB confirms the onset of a bear market and outlines four possible trajectories for BTC's price, ranging from a severe crash to a shallower correction, while institutional selling and shifting cycles add to market uncertainty.
A sharp sell-off rattled cryptocurrency markets, with Bitcoin shedding over 7% of its value in 24 hours. The plunge, the most significant since November 2024, triggered widespread liquidations and raised questions about the near-term outlook for digital assets.
The Himalayan kingdom of Bhutan has transferred over $22 million worth of Bitcoin from its official holdings in recent days, coinciding with a broader market slump. While blockchain analysts suggest the moves may be routine custodial operations, the timing has ignited speculation about the nation's long-term crypto reserves management.
Bitcoin's selloff accelerated, dropping below a key psychological level as a wave of risk aversion swept through global markets, erasing over $460 billion from the crypto sector in a week and raising fresh doubts about its 'digital gold' narrative.
Prediction market Polymarket now assigns a 71% chance that Bitcoin will touch $70,000 this month, as prices falter and ETF outflows mount, reflecting a sharp shift in trader sentiment from exuberance to caution.
As Bitcoin struggles to hold the $73,000 level, decentralized prediction platform Polymarket shows traders are betting heavily on a further drop to $65,000 this year, reflecting a stark shift in sentiment from earlier bullish forecasts.
A key on-chain metric tracking the balance between Bitcoin held at a profit versus a loss is nearing a convergence point that has historically aligned with major bear market lows, offering a potential beacon for long-term investors.
Bitcoin and Ether claw back some losses following a sharp sell-off, though derivatives data suggests traders remain cautious. The bounce coincides with a broader market relief rally spurred by U.S. fiscal developments.
As Bitcoin's price struggles to find a floor, analysts point to a critical and seemingly calm indicator—the US corporate credit spread—as the potential trigger for the next major move. The current divergence between compressed credit risk and falling crypto prices suggests markets may be underpricing looming stress.
The total cryptocurrency market capitalization has shed close to $500 billion in a brutal sell-off, with Bitcoin tumbling to its lowest level since late 2024. The plunge raises fresh questions about Bitcoin's role as 'digital gold' amid geopolitical tensions and market volatility.
As Bitcoin's sharp correction sparks debate over a new 'crypto winter,' prominent voices clash on its trajectory. Michael Burry warns of a cascading sell-off, while analysts point to a fractured market structure that defies historical comparisons.
A sharp sell-off in U.S. technology stocks has rippled across Asian markets, dragging down regional indices and sending Bitcoin below $77,000. The shift reflects growing investor caution over lofty AI valuations and a broader rotation into more defensive sectors.
Major cryptocurrencies face sustained selling pressure, with Bitcoin and Ethereum falling sharply from recent highs. Analysts warn of further downside risk as market sentiment sours, though some see potential for a near-term rebound.
Global markets faced a sharp sell-off on Tuesday, with Bitcoin hitting its lowest point since late 2024 and major stock indices retreating. The downturn was fueled by investor anxiety over lofty AI valuations and fresh Middle East tensions, driving a flight to traditional safe havens like gold.
Bitcoin plunged to near $73,000, its lowest level since late 2024, leading a sharp downturn across crypto and equity markets as risk aversion grips investors.
A sharp selloff in AI and software stocks, coupled with a plunge in private equity shares, spills over into cryptocurrency markets, pushing Bitcoin near its weekend lows and fueling concerns about systemic liquidity.
As Bitcoin tests key price levels, analysts identify $60,000-$68,000 as a potential accumulation zone for long-term holders, suggesting the current downturn may be approaching its final stages absent a broader market collapse.
