Amid global economic shifts and climbing bond yields, Bitcoin, the preeminent digital asset, is facing renewed pressure
, the largest digital asset by market capitalization, could be on the cusp of another major drop.
A recent observation from cryptocurrency analyst Ali, known as @ali_charts on the X social media platform,that if Bitcoin loses its support at $25,400, it could see a further dip to as low as $22,650 or even $20,590. As borrowing costs anticipate staying high for an extended period, it dampens demand for volatile investments across the board, from stocks to digital currencies.Further compounding Bitcoin's shaky position are global economic conditions. Longer-term U.S. Treasury yields are touching multi-year highs.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin (BTC) May See Another Big Obstacle: Bloomberg's Mike McGloneProminent Bloomberg expert explains why he believes Bitcoin and other risk assets may start going further down
Weiterlesen »
BTC vs. BTCX: The Token Space X and Elon Can't Shake Even After BTC DumpIn the world of cryptocurrency, volatility is a given. However, while some tokens bear the brunt of external influences, others stand resilient, promising
Weiterlesen »
Bitcoin on the way to 'bearadise?' $20K is back as a BTC price targetBTC price targets extend below $20,000 with Bitcoin analysts spooked by the week's 11% losses.
Weiterlesen »
Bitcoin (BTC) Current Price Drop Explained by Crypto AnalystBTC had fallen slightly in previous 24 hours to $26,011
Weiterlesen »
Chub Cay: The Bitcoin CitadelChub Cay, a private island in the Bahamas, is quickly becoming a Bitcoin (BTC) haven
Weiterlesen »
Bitcoin speculators are underwater on 88% of their BTC bags — ResearchBitcoin investors diverge over the latest BTC price losses.
Weiterlesen »