
Bitcoin Plunge Into Rainbow Chart's 'BTC is Dead' Zone Sparks Debate
Bitcoin's 50% drop pushes it into a historically bearish zone, dividing analyst opinions.
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Original coverage across the crypto market, updated daily.

Bitcoin's 50% drop pushes it into a historically bearish zone, dividing analyst opinions.

Bitcoin reclaimed $65,000 as oil prices fell, but a strong dollar and rising yields limit upside.

Persistent ETF outflows and a stronger dollar keep Bitcoin range-bound despite easing sell pressure, analyst says.

Analysts caution Bitcoin's price action might be a retest of resistance rather than a genuine recovery.

Financial services giant to offer binary bets on S&P 500 closing price.
Brent crude hovers near $79 despite the reopening of the key shipping route, as supply concerns persist.

A viral 4chan prediction of Bitcoin reaching $145,000 by October is questioned due to altered history and flawed assumptions.

Bitcoin fell to a weekly low of $64,500 amid renewed concerns that Strategy may sell more BTC, ahead of the FOMC meeting.

Bitcoin briefly topped $67,000 following news of a US-Iran peace deal, though derivatives data shows traders remain cautious.
Avalanche sees increased activity from FIFA World Cup initiatives as AVAX price gains 8% in 24 hours.

Glassnode reports Bitcoin's recent rally from $60,000 appears defensive, with inflows and trading volumes still subdued.

Bitcoin hit a two-week high after President Trump announced a toll-free deal for the Strait of Hormuz with Iran.
Chainlink's oracle network handles World Cup settlements, but LINK price remains subdued amid broader market sentiment.

The Producer Price Index jumped 1.1% in May, pushing the annual rate to 6.5%, while Bitcoin reacted with a price decline.

Bitcoin stabilizes above $63,000 following a turbulent week, aided by easing geopolitical tensions and a strong SpaceX debut.

XRP jumped above $1.14 amid strong volume, but traders eye a longer-term downtrend.
Bitcoin's apparent demand has fallen to -650,000 BTC, a low not seen since 2019, signaling potential price swings.

Bitcoin posted its worst weekly close since H2 2024, but Changpeng Zhao and a key RSI divergence signal potential recovery.

Arca says MicroStrategy's sale of 32 BTC, not AI capital rotation, caused last week's bitcoin price decline.
The upcoming US inflation data may set the direction for risk assets including Bitcoin and gold.

On-chain data reveals a large holder sold $188M before the crash and repurchased at lower prices.

Jiang Zhuoer argues Strategy's liabilities are manageable even in a severe Bitcoin drawdown.
BTC recovers to $63,000 as analysts cite oversold conditions; South Korea's KOSPI slump has limited impact.

DOGE price climbs from $0.0775 low but faces overhead resistance near $0.090.