Bitcoin (BTC) has faced considerable selling pressure after reaching its new all-time high on May 22. Buyers are showing signs of fatigue after multiple failed attempts to push the price towards $115,000, leading to a substantial increase in bearish sentiment around the flagship cryptocurrency.
Bitcoin (BTC) registered a sharp decline on Thursday, falling over 2% and going below $106,000. Some analysts have warned of an impending correction, while others believe overall sentiment around the flagship cryptocurrency will remain positive as long as it remains above $100,000.
Bitcoin (BTC) is up a little over 1% as it looks to build momentum and reclaim the $110,000 level. Price action has been subdued after last week’s rally, which saw the flagship cryptocurrency race to a new all-time high. BTC is marginally up during the ongoing session, trading around $108,850.
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Bitcoin (BTC) is struggling to reclaim $110,000 after a quiet start to the week. The flagship cryptocurrency registered a marginal increase on Memorial Day but fell back in the red on Tuesday after briefly crossing $110,000. BTC is trading around $109,050, with the price marginally down over the past 24 hours.
Bitcoin’s (BTC) momentum has waned this week as markets remained flat thanks to the extended weekend. Price action remained muted despite Strategy announcing its latest Bitcoin purchase. The firm completed the acquisition of 4,020 BTC for $427 million, taking its total stash to over 580,000 BTC.
Bitcoin (BTC) recovered over the weekend after a sharp decline on Friday. The flagship cryptocurrency raced to a new all-time high on Thursday, rising to $111,970 before settling at $111,582. However, it plunged to $107,356 after losing momentum on Friday.
Bitcoin (BTC) registered a dramatic collapse on Friday after President Trump threatened to impose a 50% tariff on all goods imported from the European Union after growing frustration around ongoing trade talks.
Bitcoin (BTC) registered a sharp decline on Friday after President Donald Trump threatened an imminent 50% tariff on all EU imports and a 25% levy on all imported Apple iPhones.
Bitcoin’s (BTC) stunning rally is experiencing a pause after shattering the $110,000 level and surging to a new all-time high of $111,970 on Thursday. The rally pushed the flagship cryptocurrency into uncharted waters as it consolidated near record-high levels. BTC is marginally down during the ongoing session, trading around $111,000 after encountering resistance around $112,000.
Subarna is a graduate of Mechanical Engineering. She loves cats, art, and crypto - in that order. She is a passionate writer and a voracious reader.
