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The 50-day MA has crossed below the 200-day MA to form an ominous death cross, a chart pattern that warns of further selling.
From Investopedia
Since Mr. Trump announced his global tariffs last week, the price of Bitcoin has plunged 10 percent, dropping below $78,000 on Sunday night.
From The New York Times
Read more on News Digest
Traders are scrambling to figure out if the sudden bitcoin price correction could escalate into a full-blown market
Bitcoin's Price Stability at Risk From Potential 'Basis Trade Blowup' That Catalyzed the COVID Crash
Market volatility poses risk to $1 trillion Treasury basis trades. A potential blowup could trigger a global dash for cash.
Bitcoin’s valuation reset suggests a rebound is near as BTC trades at $82,097; reclaiming $85,000 could trigger a rally to $90,000.
Bessent’s comments come as stock markets around the world fall sharply in the aftermath of Trump’s so-called Liberation Day of trade tariffs that saw the U.S. implement a global baseline import tax of 10% and much higher rates for goods from dozens of countries.
Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler’s Digest, March 30 – April 5
A crypto analyst eyes Bitcoin's potential retrace to $70,000, a crypto investor funds a SpaceX flight, and more: Hodler's Digest
4d
24/7 Wall St. on MSNBitcoin Price: Here's Why It's Rising 2% TodayThe bitcoin price is up 2% today at it gets closer to reclaiming the $87,000 level. The broader cryptocurrency market is following bitcoin’s lead, with digital assets like ether, Tether and XRP also making gains.
While the market sentiment remains somewhat bearish in the short term, the broader macroeconomic narrative is shifting in Bitcoin’s favor. If interest rates stabilize or decline, investor ...
Despite a record-breaking hash rate, low transaction fees and empty blocks raise concerns about bitcoin’s long-term sustainability.
6d
24/7 Wall St. on MSNBitcoin Price Today: Why It Dipped Below $82,000The bitcoin price is positioned to end the month of March on a down note, falling below the $82,000 level overnight and igniting fears that it could lose its footing further. While it has since come off its lows,