Bitcoin crashes under $63,000 amid market volatility: WatcherGuru

The sell-off by high-conviction Bitcoin holders may indicate a late-stage bear market, signaling potential shifts in market dynamics and investor sentiment. The post Bitcoin’s high-conviction holders sell $2.4B as price falls below $70K for first time since April appeared first on Crypto Briefing.

Over the past few days, the broader cryptocurrency market has flipped extremely bearish, with Bitcoin’s price steadily declining to the $66,000 threshold. Given the heightened volatility, BTC is starting to experience a notable rise in market stress, which is evidenced by increased realized losses and sharp transfers of coins into multiple cryptocurrency exchanges across the […]

HYPE is trading above $70 as the market faces selling pressure and uncertainty that has weighed on most crypto assets throughout recent sessions. The token’s ability to hold above that level while the broader ecosystem struggles is itself a signal — but Arkham Intelligence data has revealed a pair of institutional transactions that add a specific and deliberate dimension to the current price resilience. Related Reading: Bitcoin Loses $70K While 10,300 BTC Leave Mt. Gox-Linked Addresses – Details Galaxy Digital — the institutional digital asset firm founded by Mike Novogratz and one of the most closely watched institutional participants in the crypto market — withdrew 179,000 HYPE tokens worth approximately $12.62 million from Coinbase in the past seven hours. The withdrawal from a regulated US exchange into external custody describes a firm moving assets away from the venue where they can be most easily sold — the behavioral opposite of distribution. Galaxy Digital HYPE transfers | Sou

The recent Bitcoin price drop and subsequent liquidations highlight increased market volatility and uncertainty, impacting future price predictions. The post Bitcoin price drops to $60k, triggering $1.7B in crypto liquidations appeared first on Crypto Briefing.

Data shows the sentiment in the cryptocurrency sector has plummeted deep into extreme fear as Bitcoin and other assets have crashed. Bitcoin Fear & Greed Index Has Dropped To A Low Of 11 The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. Related Reading: XRP Breaks Below Triangle—Will Drawdown Extend To $1.14? The index uses a numerical scale running from zero to hundred for representing the investor mentality. All values on this scale above 53 correspond to a sentiment of greed, while those below 47 to one of fear. The metric being between these two cutoffs naturally suggests a net neutral mentality. Besides these three main zones, there are two extreme regions called the extreme fear (25 and under) and extreme greed (above 75). Currently, the market is in the former of these two zones. As is visible above, the Bitcoin Fear & Greed Index has a value of 1

Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff erased more than $1.2 billion in leveraged crypto positions during the past 24 hours. Data from Coinglass shows total liquidations reached approximately $1.12 billion over the last day, with long traders absorbing the overwhelming majority of the damage. Nearly $949 million in […]

Bitcoin price started a fresh decline below the $68,000 zone. BTC is down over 10% and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $68,500 and extended losses. The price is trading below $65,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $65,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $65,000 and $66,500 levels. Bitcoin Price Takes A Major Hit Bitcoin price failed to stay above the $70,000 support zone. BTC remained in a bearish zone and extended losses below the $68,000 level. There was a move below the $65,000 level. The price even dipped below $63,200. A low was formed at $62,490 and the price is now showing many bearish signs. It is well below the 23.6% Fib retracement level of the downward move from the $74,070 swing high to the $62,490 low. Bitcoin is now trading below $65,000 and the 100 hourly simple moving

The drop in Bitcoin's price highlights increased market volatility and uncertainty, potentially affecting future investment and regulatory landscapes. The post Bitcoin falls below $64,000, triggers $1.1B in liquidations appeared first on Crypto Briefing.