Bitcoin dropped 20% from its all-time high, leaving analysts split on whether a slow recovery or a fresh parabolic price breakout will happen in the next few months.
Bitcoin dipped below $100,000 as the Coinbase Premium hit a seven-month low, signaling weak US demand. Onchain data hints that short-term holders may be buying the dip.
Ether’s price drop to $3,000 was likely a buy-the-dip opportunity with ETH set to recover, based on several key market metrics.
XRP price charts confirm a bear flag breakdown as a death cross looms, signaling potential continuation of its downtrend toward key support levels near $1.65.
BlackRock and Fidelity led a rebound in spot Bitcoin ETF inflows on Thursday, as traders shifted their focus to the 50-week EMA at about $100,000.
XRP saw record wallet growth and easing whale outflows, hinting at a potential market bottom despite the recent price weakness.
Bitcoin’s slide toward $100,000 accelerates as ETF outflows, weak earnings and macro uncertainty rattle traders, leaving bulls hesitant to reenter the market.
Over $100 billion in old Bitcoin has moved as spot ETFs see record outflows, igniting debate over whether true OGs or traders are driving the market sell-off.
Bitcoin’s MVRV ratio indicated that BTC was forming a potential local bottom, suggesting that the price can recover due to seller exhaustion.
The TRUMP memecoin has confirmed a falling wedge breakout, with price charts indicating a potential 70% rally toward $13 by the end of the year.