Bitcoin Price Declines More, Heightening Pressure at the $70K Support
Bitcoin Faces Challenges Below $75,500 Bitcoin’s price has fallen further, dipping below $73,500. While it’s attempting to recover some losses, it’s encountering significant resistance around the $75,500 mark. Bitcoin is trying to rebound, but it’s struggling to overcome obstacles. The price remains below $75,000 and the 100-hour simple moving average. Resistance is forming at $75,200, […]
Bitcoin drops by as much as 8% and South Korea’s Kospi falls almost 4% in the recent tech-driven market decline.
Market Turmoil: A Closer Look On Thursday, Asian markets experienced significant sell-offs in technology stocks, contributing to a broader decline in global markets. Bitcoin’s value, in particular, dropped by as much as 8%, showing troubling signs. South Korea’s Kospi index tumbled nearly 4%, driven by fears surrounding the elevated prices of tech shares. Oil prices […]
Bitwise Predicts Bitcoin Will Reach $1 Million by 2026
Bitwise’s Bold Bitcoin Predictions Bitwise is proposing an ambitious scenario. They believe Bitcoin could potentially hit a new high in 2026. And if everything aligns perfectly, they even think it may reach $1 million by the end of the decade. Rather than relying solely on historical patterns, this view centers on shifts in buyer demographics […]
Bitcoin price reaches its lowest point in more than a year, affecting MSTR, COIN, and other cryptocurrency stocks.
Bitcoin prices dropped to their lowest levels in almost a year on Wednesday, and this decline also impacted major crypto stocks. Currently, Bitcoin trades around $73,013, marking a more than 3% decline within 24 hours, according to CoinGecko. It dipped below $72,000, a level not seen since November 2024. Over the past week, significant digital […]
Duration of the Bitcoin Bear Market: Insights from a CryptoQuant Research Expert
With Bitcoin’s value slipping below $75,000, a familiar question lingers among market watchers: how long will this bear market persist if the conditions don’t improve? Julio Moreno, who leads research at CryptoQuant, shared insights during the Milk Road Show on February 2nd, suggesting that many crucial indicators of demand and liquidity still reflect weakness. He […]
Treasury Secretary Scott Bessent states that the government cannot rescue Bitcoin during its price decline.
Senator Questions Treasury on Cryptocurrency Policies During a recent hearing, U.S. Treasury Secretary Scott Bessent was put under scrutiny regarding the government’s stance on cryptocurrencies, particularly whether it would consider intervening to “bail out Bitcoin.” Senator Brad Sherman, who has expressed skepticism about cryptocurrencies, asked Bessent if there were plans to instruct banks to use […]
Bitcoin price hits a new 15-month low below $73K as $800M in crypto gets sold off.
Bitcoin Price Decline Following the opening of Wall Street on Wednesday, U.S. sellers were back in action, pushing Bitcoin down for a second time below the $73,000 mark. Key Highlights: Bitcoin dropped further, reaching levels not seen since late 2024, slipping below its previous low recorded on Tuesday. Macro assets have lost momentum, with precious […]
Bitcoin Mining Stocks Plunge as BTC Value Falls 20% in a Week
Bitcoin Miners Face Sharp Decline as Prices Hit Low Stocks related to Bitcoin are experiencing a significant downturn. On Wednesday, the price of Bitcoin dropped to $72,185, marking a 15-month low and a nearly 20% decrease over the past week. Major Bitcoin mining companies are feeling the pinch as well. Shares of MARA Holdings (MARA) […]
UBS CEO Shares Cryptocurrency Plans After News of Bitcoin and Ethereum Trading for Affluent Clients
Simply put The CEO of UBS Group has confirmed that the bank is moving towards tokenized deposits and giving users access to cryptocurrencies. Recently, UBS was selected as an initial design partner for Stripe’s blockchain initiative focused on stablecoins, called Tempo. Although UBS posted nearly $8 billion in profit last year, its shares declined about […]
Bitcoin Moves into Bear Market Phase as Institutional Interest Shifts
Bitcoin Faces Bear Market Signs Due to Weak Demand Current on-chain indicators are hinting that Bitcoin might be slipping into another bear market. Observations around reduced institutional investment and tighter liquidity conditions are raising concerns about potential structural downsides. According to CryptoQuant’s latest Crypto Weekly Report, various on-chain signals are aligning with a bear market […]