Zcash (ZEC) has faced fresh scrutiny after a patched Orchard Pool vulnerability sparked a dispute over whether the privacy coin’s users and investors still face hidden risks. Dragonfly partner Haseeb Qureshi said the market may be treating the bug as…
U.S. spot Bitcoin ETFs returned to net outflows on Friday after briefly snapping a record withdrawal streak, with BlackRock’s IBIT leading the declines as Bitcoin fell below the key $60,000 support level and investor sentiment deteriorated. According to data from…
Bitcoin’s recent pullback has significantly flipped the sentiment across the market, with many predicting a more sustained downward performance toward the $60,000 price mark. Following this sharp decline, more investors are now underwater as BTC’s holders’ profitability strongly declines. Bitcoin’s Sharp Decline Leaves More Holders Underwater Given its persistent downward trend over the past weeks, […]
The XRP price has continued its downward sweep, currently trading slightly around $1.1 after declining over 14% this week. As upward momentum and trading activity weaken, on-chain reports reveal that the market is now being dominated by bearish pressure and extreme Fear, Uncertainty, and Doubt (FUD). While most would expect these negative trends to further […]
BTC trades below $60K as Deribit cites $1.2B in open interest and traders watch the 200-week moving average for support. Bitcoin fell near $59,357 on the Bitstamp daily chart, placing the $60,000 area back in focus. Traders are now watching historic support, options exposure, and weak momentum before any possible bull run. Bitcoin Tests 200-Week […]
The post BTC Losing Historic $60K Support Could Spark $1.2B Shock Before Bull Run appeared first on Live Bitcoin News.
Bitcoin (BTC) has been in a sharp downtrend over the past two weeks, facing steady declines as selling pressure, market volatility, and negative sentiment weigh on its price. During one of its recent market crashes, a crypto analyst noted that BTC had officially broken below a critical four-month support level, leaving the cryptocurrency in a precarious position. The expert now outlines what could happen next, and none of the scenarios suggested point to a fresh bull run—rather, Bitcoin may be headed for an even deeper bear market decline. Bitcoin Price Crash Breaks Key Support Crypto market expert Aralez announced in an X post on June 2 that Bitcoin had officially broken a critical four-month support level that had been holding its price steady. The latest decline saw the cryptocurrency lose more than 8% of its value in a single day, falling below $69,000. Related Reading: Bitcoin’s 4-Year Moving Average Shows Where The Market Bottom Lies Here Aralez explained that Bitcoin’s first g