Global Stock News

The Crypto Market Is Nervous, Despite Record Highs in Equities

The Crypto Market Is Nervous, Despite Record Highs in Equities

Fig. 2. Bitcoin has fallen below the 50-day MA, seeking support at May’s lows.

Bitcoin has fallen below $76K, losing over 2% from Tuesday’s peak, dropping below the 50-day moving average, and cautiously extending Wednesday’s early-session decline. Significant horizontal support that halted the sell-off in May lies near current levels and offers a glimmer of hope for bulls in the near term.

Crypto News

According to CoinShares, global investment in crypto funds fell by $1.467 billion last week, hitting its lowest level since January. Investments in Bitcoin fell by $1.315 billion (the largest decline this year), and in Ethereum by $223 million. Investments in altcoins rose by $32 million in XRP, $8 million in Solana, $9 million in…

Source link

Share this article

Scroll to Top