Bitcoin Traders Increasingly Convinced Price Will Fall Below $70K by End of May
Prediction market odds are rising for Bitcoin to drop below $70,000 in the next few days following a dip to a six-week low price.
Cointelegraph·
US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000.
Read full articlePrediction market odds are rising for Bitcoin to drop below $70,000 in the next few days following a dip to a six-week low price.
The US-Iran war has again escalated with fresh strikes from both sides, a development that has now dampened hopes of an imminent peace deal. This has caused another significant decline in Bitcoin’s price, with an expert urging market participants to remove their funds from BTC. US Strikes Iran As Expert Urges Investors To Dump Bitcoin An Al Jazeera report shows that the US shot down four Iranian drones and attacked a ground control station in Bandar Abbas, in a new escalation of the 3-month-long war. In response, Iran also struck an American airbase in Kuwait, a move that further threatens to escalate the tensions between the two sides. Bitcoin fell sharply on the back of these fresh attacks, amid fading optimism of an imminent peace deal. Related Reading: This Bitcoin Index Just Entered The High Risk Territory As Price Stalls Before now, US President Donald Trump had said that an agreement between the US and Iran had been largely negotiated, signaling that an announcement was immin
The move cements ETF flow as the main driver of Bitcoin’s short‑term price action, with discretionary buyers increasingly forced to trade around institutional liquidity. Crypto ex‑Bitcoin (BTC) and Ether (ETH) ripped through a volatile 12‑hour window, with ETF outflows, Solana…
Bitcoin's dip amid geopolitical tensions highlights the volatility of crypto markets and underscores the urgent need for regulatory clarity. The post Bitcoin falls below $73,000 despite Trump’s push for CLARITY Act appeared first on Crypto Briefing.
Bitcoin continues to trade under pressure after losing the critical $75K-$76K support zone, while broader market sentiment remains cautious amid weakening ETF inflows and deteriorating technical structure. However, BTC is now approaching an important confluence of technical supports around $70K-$72K, where both trendline support and the 100-day MA could provide temporary relief for the market. […]
Grayscale has transferred roughly $112 million in Bitcoin to Coinbase Prime, adding to a steady drumbeat of institutional-sized flows hitting centralized venues this year. Grayscale deposited 1,530.704 Bitcoin into Coinbase Prime worth approximately $112 million in the last hour, according…
The post Bitcoin drops out of the top 10 largest assets by market cap appeared on BitcoinEthereumNews.com. Bitcoin (BTC) is down nearly 17% year to date, as institutional outflows and geopolitical tensions continue to pressure digital assets. As a result, ‘digital gold’ has officially dropped out of the top 10 largest assets by market cap, now occupying spot number 13 with a market value of $1.457 trillion, citing numbers provided by Companies Market Cap. For comparison, the cryptocurrency is now worth less than Tesla (NASDAQ: TSLA) and Meta (NASDAQ: META), which have a market capitalization of $1.64 trillion and $1.59 trillion, respectively. Top assets by market cap. Source: Companiesmarketcap.com At press time, Bitcoin was changing hands at $72,753, with the $72,000–$73,000 area as the next critical support. To plunge even further, to spot number 14, the digital asset would need to decline just 10% more and lose $147 billion in market cap. Bitcoin bleeds market cap Indeed, in contra