Share this article
Bitcoin Declined Below $58K; Support Between $53K-$55K
The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week.
Updated May 11, 2023, 4:27 p.m. Published Nov 30, 2021, 7:05 p.m.
Bitcoin buyers failed to sustain Monday’s price bounce, although support around $53,000-$55,000 could stabilize the current pullback.
The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The downward-sloping, 100-day moving average on the four-hour chart indicates a short-term downtrend. This means buyers have consistently taken some profit on rallies over the past month.
Recently, the $60,000 resistance level has been a key hurdle for buyers despite oversold readings on the charts. So far, support levels remain intact, which could establish a tight trading range between $55,000-$60,000 into the Asian trading day. BTC was trading around $57,800 at press time.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
State Street and Galaxy to Launch Tokenized Liquidity Fund on Solana in 2026
The fund will run on Solana at launch and use PYUSD.
Cosa sapere:
- State Street and Galaxy plan to launch SWEEP in early 2026, using PYUSD for around-the-clock investor flows on Solana.
- Ondo Finance committed about $200 million to seed the tokenized liquidity fund, which will later expand to other chains.
- The firms say the product brings traditional cash-management tools onto public blockchains for qualified institutions.
Top Stories
