Bitcoin (BTC) is struggling to recover after a bloodbath at the beginning of the week that saw the price drop to an intraday low of $86,007 on Tuesday, with market watchers worried about a deeper correction that could drag the price to $80,000.
Bitcoin (BTC) and the crypto market plunged into the red after President Donald Trump announced the proposed tariffs against Canada and Mexico would come into effect in March.
Bitcoin (BTC) is marginally down during the ongoing session, having recovered from a low of $95,107. Bulls are struggling to build momentum as sellers look to drive the price below a key support level. If breached, BTC could see a correction that could drag it to $90,000.
Bitcoin (BTC) has steadied itself between $96,000 and $96,500 following a substantial decline after Bybit, one of the most prominent cryptocurrency exchanges, was hacked for a staggering $1.4 billion. The flagship cryptocurrency has registered a marginal increase over the past 24 hours and is trading at $96,390.
Bitcoin (BTC) and other top cryptocurrencies plunged after news of the $1.4 billion Bybit hack became public, sending shockwaves through a recovering market and sending it back into the red. BTC briefly dropped below $95,000, falling to an intraday low of $94.939 before recovering to climb above $96,000.
Bitcoin (BTC) continued its upward trajectory for a third consecutive day, surging past $99,000 on Thursday as it set its sights on $100,000 after weeks of trading within a narrow range.
Bitcoin (BTC) reclaimed $97,000 during the current session as the crypto market showed signs of recovery after weeks of subdued price action.
Bitcoin (BTC) is showing considerable resistance during the current session, with the price up nearly 1% during the current session and trading just above the $96,000 level.
Bitcoin (BTC) remains in a consolidation phase, oscillating between $94,000 and $100,000. BTC registered a notable slump late on Monday when it fell from $96,942 to a low of $95,243 before moving to its current level of $96,280.
Bitcoin (BTC) continued its consolidation over the weekend, oscillating between $94,000 and $99,000. BTC has been sluggish for weeks and experienced yet another quiet weekend, with the price tethered under $100,000.
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.
