Discover the rollercoaster ride of Bitcoin prices from record highs to a dip below $57K. What's causing the turbulence in the cryptocurrency market? Find out!
Bitcoin, the decentralized digital currency, has been on a wild ride lately. With Bitcoin sinking below $58K, the entire crypto market experienced a 9% drop, triggering a wave of concern among investors. The recent 'perfect storm' crash saw Bitcoin's price plummeting under $60,000 in anticipation of the Federal Reserve's interest rate decision. As the US payment-stablecoin bill looms, experts predict a new phase of decline for Bitcoin, with spot bitcoin-ETFs potentially gaining approval.
Despite analysts suggesting the end of a correction phase, Bitcoin's price continued to slide, hitting two-month lows at $57,000. Investors are on edge awaiting the Fed's decision, which has contributed to a 22% fall from the all-time high. Crypto investor sentiment turned neutral as BTC price plummeted, reminiscent of a similar scenario in January 2024 when the price hovered around $42,000.
Bitcoin's nosedive below $57,000 marked a significant low not seen since February. The price drop created the third monthly bearish engulfing pattern, raising concerns about Bitcoin's future trajectory. As BTC teeters on the edge of a breakdown, the cryptocurrency market remains volatile, leaving investors and analysts speculating about the next market moves.
Bitcoin (BTC) is a decentralized digital currency that stores its records among a distributed set of nodes that collectively represent a public ledger, also ...
Bitcoin fell in line with the wider crypto market, with ether and other altcoins also declining. Financial markets have been dogged by risk-off sentiment in the ...
A "perfect storm of negatives" has crashed the bitcoin price ahead of Fed chair Jerome Powell's interest rate decision announcement...
The passage of the US payment-stablecoin bill could surpass the approval of spot bitcoin-ETFs, according to Bitwise. The law would allow banks like JPMorgan to ...
Bitcoin piles on the losses as crypto market sentiment sags, with BTC price returning to $57000.
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The following takes a closer look into a few technical indicators that might provide insights as to why BTC crashed toward $57K today.
The price of Bitcoin has fallen 22% below its all-time high amid concerns around an upcoming announcement from the US Federal Reserve.
The last time investors harbored a neutral sentiment was on January 28, 2024, when the price of BTC hovered around $42000.
Bitcoin dropped as low as $56757.93, falling below $57000 for the first time since Feb. 28, according to data from CoinGecko.
BTC is at risk of breaking down from a parallel channel and invalidating its bullish wave count. Can the Bitcoin price bounce and save this channel, or will the ...
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of ...
April witnessed a substantial drop of almost 16% in the value of the most traded cryptocurrency globally.
Bitcoin (BTC) price tumbled 4% on May 1, sliding below the $58000 mark for the first time in 60 days. On-chain data reveals the major bearish catalysts.
Bitcoin fell to the lowest since Feb 27 on Wednesday, as fresh acceleration lower extends into third straight day, boosted by fading bets for the start of ...
The cumulative returns of selling cryptocurrencies in May have surpassed selling in September or any other time of the year by over 1000%.
While the current Bitcoin correction remains in line with historical price corrections, BTC is at risk of falling to $50000 after losing the average ETF ...
The cryptocurrency is now trading below the average spot ETF purchase price of about $58K, and this could trigger liquidations, the bank said in a report.
Bitcoin (BTC) price slipped below $60000 on Wednesday as markets tried to front-run the Federal Open Market Committee (FOMC) meeting.
Analysts target $50000 Bitcoin price as CryptoQuant data highlights a sharp decrease in demand for spot and leveraged long BTC positions.
Investors track Bitcoin price movements for insights into liquidity dynamics affecting other assets. Recent Fed signals of prolonged high rates have ...
The result of May 1's Federal Reserve minutes, Bitcoin miners' robustness and increasing stablecoin demand in China could be signs that BTC has bottomed.
Bitcoin prices have fallen to their lowest levels since late February as the crypto market correction deepens, but analysts are not blaming leveraged ...