Bitcoin News

Bitcoin spirals toward $60,000, heading to worst one-day drawdown since FTX blowup
One analyst points to the 200-day moving average — currently around $58,000 to $60,000 — as a potential support level to watch.

Bitcoin drops below $70,000 as crypto selloff deepens before U.S. equity market opens
"Extreme fear" grips crypto and metals while U.S. equities show resilience ahead of key earnings.

Bitcoin slides toward $70,000 as on-chain data flags bear market and traders bet Fed holds in April: Asia Morning Briefing
On-chain data points to fading demand and tighter liquidity, while prediction markets show little expectation of near-term rate cuts.

Bitcoin's correlation with troubled software stock sector is growing
Software stocks are thought to be facing an existential threat from the rise of AI, and Bitcoin, noted one analyst, is just open-source software.

Indian investors are buying the bitcoin price dip, CoinDCX says
Indian crypto investors have been buyers of bitcoin and other layer 1 tokens, maintaining a well-diversified portfolio, CoinDCX told CoinDesk.

Bitcoin falls back to $74,000, remaining on defense as AI jitters shake tech sector
AI infrastructure stocks like HUT 8, IREN, and Cipher Mining are plunging as AMD sinks 14% following fourth quarter results.

This bullish analyst on Michael Saylor's Strategy just threw in the towel on lofty price target
Canaccord's Joseph Vafi slashed his price target on the plunging bitcoin treasury company's stock by more than 60%.

January rally bolsters near-term outlook for bitcoin mining stocks, JPMorgan says
Shares of mining companies rose last month despite softer bitcoin prices as storms cut the network hashrate and AI optimism grew, the bank said.

Bitcoin nears pre-election floor as ETF flows stall, Citi says
The cryptocurrency is trading below key ETF cost levels and nearing its pre-election price floor as inflows to these vehicles fade and headwinds build, the bank said.

Bitcoin’s thinnest price zone hints at extended stay between $70,000 and $80,000
Limited historical trading activity and thin onchain supply suggest further consolidation or a retest of the lower range.

