Tag: Cryptocurrencies

Bitcoin has powered back to the $70,000 level, marking a dramatic rebound that has lifted sentiment across the cryptocurrency market. After briefly dipping below $60,000 earlier in the week, Bitcoin’s resurgence has been swift and decisive. The benchmark cryptocurrency surged nearly 15% in just two days, fueled by strong inflows into spot Bitcoin exchange-traded funds (ETFs) and renewed institutional demand. Traders now view $70,000 as a...

Bitcoin dropped to $60,000 in a flash crash on Thursday night, marking its lowest level since September 2024. The plunge triggered over $2 billion in liquidations across the crypto market. Analysts attribute the selloff to repeated failures at key support levels and a risk-off sentiment in global markets. In a stunning turn of events, Bitcoin suffered a severe flash crash late Thursday, plummeting to $60,000 before...

Bitcoin fell below $70,000, hitting lows near $69,900 on some exchanges amid a broader risk-off move in global markets. The drop erased much of the post-2024 bull gains, with sentiment plunging into “extreme fear” on the Fear and Greed Index at 11. Miners face intensified pressure as BTC trades ~20% below estimated production costs around $87,000, while ETF outflows and liquidations add to downside risks. ...