Bitcoin (BTC) is struggling to reclaim the $110,000 level as investor sentiment remains uneasy. Technicals and on-chain data continue to favor sellers, who have overpowered buyers in spot and futures markets despite buyers buying the dip.
Bitcoin (BTC) traded around the $108,000 mark over the weekend as price action remained steady after a week of volatility and selling pressure. The flagship cryptocurrency is marginally down over the past 24 hours, trading around $108,417 after reaching an intraday high of $109,445.
Bitcoin (BTC) fell below $109,000 over the past 24 hours as selling pressure and negative sentiment around the asset intensified. The selloff has accelerated due to growing macroeconomic challenges, prompting retail and institutional investors to reduce risk.
Bitcoin (BTC) has registered a surge in selling pressure during the ongoing session, with the price down over 3%, trading around $108,790 after dropping to an intraday low of $108,500.
Bitcoin (BTC) has recovered well after Monday’s crash, when it fell to an intraday low of $109,275. The flagship cryptocurrency fell even lower on Tuesday, dropping to $108,670. However, it rebounded from this level as market sentiment improved, thanks to traders shrugging off risk.
Bitcoin (BTC) finds itself back in the red as it struggles to regain momentum following a substantial decline over the weekend. The flagship cryptocurrency rallied on Friday but lost momentum over the weekend, dropping to a low of $110,635 by Sunday.
Bitcoin (BTC) fell to a seven-week low, falling to a low of $108,670 amid renewed fears over the Federal Reserve’s independence after President Donald Trump said he is removing Federal Reserve Board governor Lisa Cook from her position.
Bitcoin (BTC) started the week in the red, falling to a low of $110,555 on Monday thanks to a weekend sell-off that triggered a flash crash and a wave of liquidations, sending prices crashing.
Bitcoin (BTC) continued dropping for a second day as selling pressure pushed the price below $115,000. The flagship cryptocurrency is down nearly 1% over the past 24 hours, trading around $114,890.
Bitcoin (BTC), the broader crypto market, and crypto stocks surged after Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. Investors were braced for a hawkish stance but were surprised after Powell suggested interest rate cuts could be coming soon.
