Bitcoin briefly hit its lowest point since September 2024 before rebounding to $59,770, as $1 billion in futures positions were liquidated.
An “altcoin season” signal has reportedly flashed as Bitcoin experienced a significant pullback, sliding towards the **$63,600** mark.
XRP briefly dipped below the crucial $1.14 support level over the weekend due to heavy selling before a strong buying surge propelled a swift recovery.
Bitcoin attempted to reclaim the **$64,000** mark, navigating renewed **US-Iran** tensions and persistent selling from **Binance** spot traders.
Bitcoin hit a weekly low of $64,500 as investors eye the upcoming FOMC meeting and ponder potential selling pressure from major corporate holders.
Bitcoin reached the significant $64,000 mark, buoyed by the highly anticipated SpaceX IPO and hopeful geopolitical developments, though analysts warn of potential price support vulnerabilities.
The CoinDesk 20 index showed a market downturn, with Ethereum falling 1% and Cronos dropping 1.4%, reflecting minor contractions in leading digital assets.
Despite a brief rally on Monday, Bitcoin's price has drifted back towards $62,500, indicating that bearish forces continue to dominate the cryptocurrency market.
Bitcoin swiftly recovered above $61,000 after a sharp overnight dip to $59,227, triggered by a strong jobs report that also impacted traditional financial markets.
Bitcoin finds temporary stability around $67,000 after a 9.5% weekly drop, even as traditional markets and AI-related crypto assets experience significant gains.
Bitcoin's price dropped under $71,000 at the weekly open due to selling, but bullish derivatives positioning suggests a potential recovery.
Ethereum whales are liquidating millions in ETH following a market sell-off, potentially signaling further price declines for the cryptocurrency.
Bitcoin faces a potential 3% monthly decline in May, with upcoming US PMI data next week poised to significantly influence its price action.