Total crypto market sinks below $2T as analysts eye Bitcoin reversal below $54K
Analysts are eying a potential correction below $54,000 to $50,000 despite growing expectations of an interest rate cut in the United States.
Analysts are eying a potential correction below $54,000 to $50,000 despite growing expectations of an interest rate cut in the United States.
Original source
Read on CointelegraphRelated market context
Bitcoin price challenges $64,000 weekend wall – needing a breakout or risk a deeper correction
Bitcoin reclaimed $64,000 on June 12 and touched an intraday high of $64,301 in the same session that spot ETF flows finally flipp...
SpaceX IPO Shatters Records as Bitcoin Sinks Below $60,000 and Tether Overtakes Ether
SpaceX raises $75bn in historic IPO; Bitcoin falls below $60,000 with half of supply in loss; Tether briefly overtakes Ether in a...
Deribit Analysts Say Wall Street Has Reshaped Bitcoin Volatility And Liquidity
TL;DR Deribit Insights says Wall Street participation has changed Bitcoin’s market structure. The episode points to lower volatili...
Bitcoin Mining Cost Model Points To $47,000 Floor, But Analysts Urge Caution
TL;DR Crypto Rover says Bitcoin has never bottomed below electrical production cost, currently estimated at $47,000. Mining-cost m...
Switzerland’s World Cup stumble highlights growing gap between major sports events and crypto engagement
The diminishing crypto presence at major sports events may signal a shift in sponsorship dynamics and fan engagement strategies. T...
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...