Bitcoin Four-Month Low: Why Geopolitical Risk Is Breaking the Range
Bitcoin’s $65,707 low and $1.9B liquidations reflect U.S.–Iran tensions, ETF outflows, and Mt. Gox moves. Here’s what’s breaking the range now.
The Daily Hold News·
Veteran trader Peter Brandt believes that Bitcoin (BTC) will soon revisit the $50,000 range. Brandt tells his 1 million followers on X that Bitcoin is forming an expanding triangle pattern on the daily chart and may decline more than 14% from its current value. In technical analysis, an expanding triangle pattern, which is also known […] The post Legendary Trader Peter Brandt Details Downside Price Target for Bitcoin After BTC Breaks From ‘Reliable’ Pattern appeared first on The Daily Hodl.
Read full articleBitcoin’s $65,707 low and $1.9B liquidations reflect U.S.–Iran tensions, ETF outflows, and Mt. Gox moves. Here’s what’s breaking the range now.
Bitcoin has seen its network use fall to its weakest level in more than seven years as selling pressure and lower on-chain activity weigh on market confidence. Bitcoin Magazine data showed that the 60-day moving average of active Bitcoin addresses…
PM says Britons are ‘reasonable, tolerant people’ and backs MP’s legal action against Grok firm over fake sexualised images UK politics live – latest updates Elon Musk is “interfering in our politics” and attempting to create division, Keir Starmer has said in a significant toughening of government language about the X owner. It comes after weeks of posts by Musk on his social media platform about the murder of Henry Nowak, many of which have used far-right themes and talking points. Continue reading...
Apyx's unique collateral model highlights the risks and potential instability of non-fiat-backed stablecoins during market volatility. The post Strategy’s STRC backed apxUSD slips below peg during Bitcoin selloff appeared first on Crypto Briefing.
Crypto analyst Crypto Patel has made a bullish case for Solana, explaining why it is time to start paying attention to the crypto asset. This came as he noted that SOL has printed 8 consecutive red monthly candles for the first time in its history. Why It Is Time To Start Paying Attention To Solana In an X post, Crypto Patel stated that Solana had just printed 8 consecutive red monthly candles in its existence and that this is worth paying attention to. He reiterated that this has never happened and then cited the 2021 bear cycle to explain why this could be significant for SOL. The analyst noted that back then, SOL crashed to around $8 after it topped at its all-time high (ATH) of $260 in November 2021. Related Reading: Solana Price Struggles Below $100, But This Level Changes Everything Crypto Patel mentioned that the 2021 bear phase also produced 9 red monthly candles, but that they were not consecutive. The 9th red candle is said to have marked the exact bottom at $8. Following t
Crypto ETF flows remained broadly negative on Wednesday, June 3, as bitcoin and ether funds extended long outflow streaks. HYPE ETFs were the lone bright spot, drawing fresh capital even as the wider market moved into risk-off mode. HYPE ETFs Add $2.99M While Bitcoin and Ether Outflow Streaks Deepen The pressure that began in bitcoin […]
Bitcoin trades near $63K as ETF and MSTR accumulation tops 1.24M BTC, with $59,800 support and $53K cost basis in focus. Bitcoin sell pressure has returned to focus after BTC moved back near levels seen in March 2024, despite large ETF inflows and steady MSTR accumulation. Market analysts are now tracking whether the latest decline […] The post Bitcoin Sell Pressure Mounts Despite Massive ETF And MSTR Accumulation Wave appeared first on Live Bitcoin News.
X Money's expansion could disrupt traditional banking and fintech sectors, challenging established players with its competitive features. The post Elon Musk expands availability of X Money on social media platform X appeared first on Crypto Briefing.