US EditionBitcoin Dips Below $66K: Charts Signal Incoming Market Bloodbath and Buy Opportunity
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6 Articles
Market Bloodbath: Cryptocurrencies and Equities Plunge as Oil Crosses $100 Threshold
Key Highlights Bitcoin plummeted from $75,000 to $66,000 throughout the week; Ethereum breached critical $2,000 support Major U.S. equity benchmarks all slipped into correction mode, with the S&P 500 recording its most extended decline since 2022 Crude oil prices climbed above $100 per barrel amid escalating Middle Eastern tensions, triggering widespread risk aversion Coinbase introduced cryptocurrency-collateralized home loans, while Tether en…
Charts Signal Incoming Market Bloodbath and Buy Opportunity - Invest In Crypto News
Bitcoin (BTC) has plummeted below $66K, trading at $65,675 at press time, which is a 3.98% drop in 24h, and a 47.9% dip from its October all-time high (ATH) of $126K. Source: CoinMarketCap Liquidations in Bitcoin futures positions totaled $189.17 million, with long positions accounting for $173.24 million. Traditional assets have not been spared, with gold and silver witnessing 20% and 45% drawdowns from their ATHs, while the Magnificent 7 stock…
Bitcoin Falls Below $66K as Oil Fuels US Inflation Concerns
Bitcoin dropped below the $66,000 mark on Friday as global markets reacted to rising oil prices and growing concerns over US inflation. The leading cryptocurrency fell nearly 4% the day, with analysts warning that inflation trends in the United States are becoming “unsustainable” due to ongoing geopolitical tensions affecting oil supply. Market sentiment weakened after […] The post Bitcoin Falls Below $66K as Oil Fuels US Inflation Concerns appe…
The bitcoin returns to the US$66,000, driven by a shock from the energy markets. The rise in oil rekindles inflationary tensions and rebuffs the cards of monetary expectations. This movement recalls a now well-established reality: cryptos are evolving in close correlation with macroeconomic dynamics. In this context, investors adjust their exposure to an environment that has become more uncertain. The Bitcoin falls below the US$66,000 while oil …
What to remember: Bitcoin loses more than 3% and returns to $69,000 after peaking above $71,000 in the night. Crude oil jumps by 4%, reversing its early fall and reviving the fears of inflation related to the Iranian conflict. Bitcoin miners' shares fall from 7 to 8% as they are now more correlated with technological values than crypto prices. Oil dictates the trend of cryptic markets Crude oil resumed 4% on Thursday, reversing its early losses …
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