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Bitcoin Plunges Below $54,000, US Stocks Suffer Major Losses as Market Volatility IntensifiesAccording to Coinglass data, Bitcoin has dropped over 4%, breaking below the $54,000 mark, while Ethereum has seen an even steeper decline of over 6%. In the past 24 hours, over 86,000 traders have liquidated their positions in the cryptocurrency market

Bitcoin Plunges Below $54,000 as Fed Rate Cut Expectations and Outflows WeighBitcoin prices have plummeted again, falling more than 4% and breaking below $54,000. The second-largest cryptocurrency, Ethereum, has seen an even steeper decline, falling over 6%

Bitcoin and Ethereum Futures Close Lower on Friday, Down Over 10% This WeekAt the close of trading in New York on Friday, CME Bitcoin futures (BTC) settled at $52,980.00, down 5

Bitcoin Plunges Below $54,000, US Stocks Dive: Where Do Investors Go from Here?Bitcoin's price has taken another significant tumble, dropping below $54,000, marking a decline of over 4%. The second-largest cryptocurrency, Ethereum, saw an even steeper fall, exceeding 6%

Bitcoin plunges below $55,000: Can it hold $52,000?Bitcoin has experienced a recent decline, falling below $55,000 and testing a demand zone not seen since August. While this break has sparked market concerns, some analysts believe a support level might exist around $55,000, potentially pushing prices back towards $58,000

Ethereum Faces Selling Pressure: Coinbase Premium Index Plunges, Exchange Supply Rises, Price Could Break Key SupportEthereum (ETH) price has been under sustained pressure recently, falling below $2,400 for the second time in three days. While the wider market may be hopeful that the latest decline marks a bottom, on-chain analysis points to a different narrative

Riot Platforms Bitcoin Production Decreases in August, But Hash Rate Growth Target Remains UnchangedRiot Platforms, a Nasdaq-listed US cryptocurrency mining company, reported its Bitcoin production (mining) performance for August on the 5th. The company's Bitcoin holdings reached 10,019, surpassing 10,000 for the first time

Bitcoin Could Dip Below $50,000: Falling Volume, ETF Outflows, and Historical Data Hint at CorrectionBitcoin has been facing multiple headwinds recently, with declining trading volume, slowing ETF inflows, and historical data suggesting a potential correction in September, potentially pushing the cryptocurrency below the critical psychological level of $50,000.Cyrus Ip, Head of Content at Bybit exchange, stated that while the current market conditions suggest minimal resistance to a pullback below $50,000, new catalysts or headlines could rapidly shift market sentiment, especially in a low-liquidity environment

Bitcoin: A Financial Weapon in the US-China GameYears ago, a friend complained that I missed the opportunity to invest in Bitcoin, suggesting that I missed out on a chance to become rich. However, I always believed that Bitcoin was a scam targeting China, aimed at harvesting its wealth

Non-farm Payroll Data to be Revealed Tonight! Can Bitcoin Hold $56,000?The highly anticipated non-farm payroll data will be released at 8:30 PM tonight, significantly impacting Bitcoin's future trajectory. Last night's ADP report, a precursor to the non-farm data, showed a slowdown in job growth, further confirming a cooling job market and favoring a Fed rate cut

Bitcoin Price Continues to Decline as Risk Aversion Intensifies: Tonight's Nonfarm Payroll Data Could Be CrucialTonight's Nonfarm Payroll data will be the market's focus, potentially causing significant volatility in Bitcoin's price in the short term. If the data shows a rate cut and good unemployment rates, it will be bullish for the market, and Bitcoin's price could rebound; conversely, if there's a rate cut but poor unemployment figures, it signifies a heightened risk of recession, and Bitcoin's price may further decline

Non-farm Payroll Data Looms Large: Can Bitcoin Hold $56,000?The ADP report released last night showed a meager increase of less than 100,000 jobs, marking the fifth consecutive month of slowing growth. This further confirms a cooling employment market and bodes well for a Fed rate cut