The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts. The flagship cryptocurrency just posted its first negative month in eight and worst month since November 2022. The downtrend intensified on Wednesday when it tumbled under the $60,000 level for the first time since February, as
Bitcoin sank Wednesday before the US Federal Reserve’s interest rate call, and after a mixed launch in Hong Kong of investment products tracking the world’s top cryptocurrency and rival ether. At about 1450 GMT, bitcoin slid 4.26 percent to $57,315, having earlier plumbed a more than two-month low at $56,527. The US central bank is
Bitcoin’s recent slide has cast a shadow over the entire crypto market. As Bitcoin drops, it’s dragging most alternative coins, or altcoins, down with it, causing widespread losses. Ethereum, which recently reached above $3,300, has now fallen below $3,200, marking a 4% daily drop. But it’s not just Ethereum; other major altcoins like Solana, Dogecoin,
As we head toward the Bitcoin halving event, just a few days away, the market is experiencing a battle between the bulls and bears. Buyers are pushing hard to set a new all-time high for Bitcoin ahead of the event. Meanwhile, despite the presence of sellers at resistance levels, every dip in Bitcoin and Ethereum’s