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Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support. Bitcoin failed to stay above $78,500 and extended losses. The price is trading below $78,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,700 and $78,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $78,500 support zone. BTC remained in a bearish zone and extended losses below the $78,000 level. There was a move below the $77,500 level. The price even dipped below $77,000. A low was formed at $76,561 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $82,017 swing high to the $76,561 low. Bitcoin is now trading below $77,500 and the 100 hourly simple moving
Read full articleU.S. spot Bitcoin ETFs recorded more than $1 billion in cumulative net outflows over the past week as institutional investors reduced exposure to the asset. According to data from SoSoValue, the latest withdrawals mark a sharp reversal after several weeks…
Iran's crypto toll system in the Strait of Hormuz could reshape global trade dynamics, challenge sanctions, and influence crypto regulations. The post Iran explores bitcoin insurance market in Strait of Hormuz appeared first on Crypto Briefing.
Bitcoin fell below $77,000 on Monday, extending a four-day losing streak, triggering $657 million in total liquidations across crypto markets in 24 hours, with long positions bearing the brunt of the pain. BTC Flash Crash Wipes $584 Million in Longs Bitcoin’s latest decline pushed the asset below the $77,000 mark for the fourth consecutive day […]
Iran has reportedly explored an insurance-based system for ships crossing the Strait of Hormuz, while unverified claims about Bitcoin-linked payments have added fresh uncertainty around how the wartime transit regime could operate. According to Iran’s state-linked Fars News Agency, the…
Kraken has cut 150 staff due to the rising use of AI, adding to more than 5,000 layoffs across the crypto sector so far this year, Bloomberg reports.
SpaceX's potential $2T IPO and Bitcoin holdings could reshape market dynamics, highlighting the growing intersection of tech and finance. The post SpaceX eyes $2T IPO, holds $637M in Bitcoin appeared first on Crypto Briefing.
Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating below $2,150 and might struggle to recover. Ethereum started a downside extension below the $2,150 zone. The price is trading below $2,150 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,150 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,220 and started a downside correction, like Bitcoin. ETH price dipped below the $2,200 and $2,150 levels. The price even traded below $2,050. A low was formed at $1,914 on Kraken, and the price is now consolidating losses. There was a recovery wave above the 50% Fib retracement level of the downward move from the $2,197 swing high to the $1,914 low. Ethereum price is now trading below $2,150 and the 100-hourly Simple Moving Average. Besides, there is a conn
Screenshots of a website called “Hormuz Safe” have been circulating on social media, which offers “digital insurance” for ships passing through the Strait of Hormuz.
