Gate News bot message, the cryptocurrency market continues its decline, consolidating near April levels. BTC slides toward $85K at $86,533, down 3.7%, while ETH loses $3K support, trading at $2,948, down 6.2%. Spot volume across major CEXs decreases 28%. The Fear and Greed Index drops to 11, indicating Extreme Fear. Total market capitalization stands at $3.13T with $652M in liquidations recorded.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CoinDesk 20 performance update: Bitcoin (BTC) trades flat while altcoins rise
The CoinDesk 20 Index shows an uptick of 0.7% to 1909.43, with 19 assets rising. NEAR and AVAX lead with gains of 5.8% and 3.6%, while BTC and XLM remain unchanged.
CoinDesk18m ago
Bitcoin will hit the 72,000 USD milestone and will liquidate $2.5 billion worth of short positions.
Bitcoin hitting the $72,000 mark will liquidate $2.5 billion in short positions, potentially “crushing” the bearish side that’s using excessive leverage.
The war in Iran and high oil prices are currently putting pressure on BTC, but a ceasefire or ETF inflows could trigger a rapid rebound.
$2.5 billion short positions
TapChiBitcoin19m ago
F2Pool co-founder Wang Chun: Bitcoin protocol upgrades should not use a “bundling bill” approach; opposed to BIP-110 and BIP-54
F2Pool co-founder Wang Chunzi said on X that a Bitcoin protocol upgrade should not be like an “omnibus bill” from American politicians, opposing BIP-110 and BIP-54. He noted that timestamp attacks offer miners no significant benefits, and that block validation efficiency has improved substantially; today, only the “repeated transaction” issue is worth fixing.
GateNews49m ago
Bitcoin 'done' with 85% crashes, says Cathie Wood amid new $34K target
Bitcoin (BTC) is “done” with drawdowns of 85% or more from all-time highs, says ARK Invest CEO, Cathie Wood.
Key points:
Bitcoin will not see another correction of 85% or more versus its latest all-time high, Cathie Wood argues.
A new prediction sees $34,000 becoming the next BTC
Cointelegraph1h ago
