After a week of bullish optimism around Bitcoin, the Cryptocurrency has experienced a new shock amid geopolitical tensions. BTC dips to $ 64,000 on the last day of the month, down 6% in 24 hours. The asset has hit its lowest since February, near $63000. Altcons also react bearishly to this. This reaction came suddenly after …
After a week of bullish optimism around Bitcoin, the Cryptocurrency has experienced a new shock amid geopolitical tensions. BTC dips to $ 64,000 on the last day of the month, down 6% in 24 hours. The asset has hit its lowest since February, near $63000. Altcons also react bearishly to this.
This reaction came suddenly after the Israel-US joint strikes on Iran. The Wall Street Journal reported the declaration of an immediate state of emergency by Israeli Defense Minister Israel Katz, and a claim by US officials about their participation.
Bitcoin never closed 2 months red before
Crypto Markers Bleeds,
Just a few minutes of the News, a whopping $100 million long crypto positions were closed. An estimate of $136.98 million total liquidation in an hour.
Major altcoins like Ethereum(ETH) feel over 7% below $1900, BNB falls 5% to $595, XRP lost to $1.2 for 8%, Solana dips 9.8% to $78, Doge coin dropped to $0.08944 ( 10%), Cardano ( ADA) to $0.2650 to 8.72%, all losing their key support levels.
The BTC/USDT analysis shows a change of character (CHoCh) after registering the second hourly red candle. Changing the momentum to Bearsish.
As seen, there is a selling zone in $65,857 to $66,336 that will retract and then continue the bullish walk respecting the second bearish candle. $60K can be seen after successful retracement.
If fundamental momentum shifts, the selling zone will turn int Demand zone for further liquidity injection. Critical watch for Bitcoin.
The math behind Ethereum staking has changed considerably since the early post-Merge period. When only…
One of the most turbulent days in the financial calendar has arrived. Quadruple witching, a…
The crypto market is entering a transition phase where macro forces are beginning to take…
Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, is doubling down on his bullish crypto calls, …
A former Ripple employee, William Sculley, an early Ripple insider, laid out a detailed case…
XRP is sitting at a make-or-break level, and the signals are turning hard to ignore.…
