Bitcoin eyes $70,000 as ZEC, STX, BNB lead losses
Zcash (ZEC), Stacks (STX), and BNB (formerly Binance Coin) are among the biggest losers over the last 24 hours as Bitcoin (BTC) approaches $72,000 on Thursday. The correction is driven by multiple factors, including massive, steady outflows from institutions and large-wallet investors, broader-market risk-off sentiment, and the delay in the Digital Asset Clarity Act. Technically, the downside risk persists for Zcash, Stacks, and BNB amid intense bearish momentum.
Bitcoin risks further loss toward $70,000
Bitcoin trades near $72,000, with a more than 1% loss at press time on Thursday, extending the decline for the third consecutive day. The major crypto is far below the 50- and 200-day Exponential Moving Averages (EMAs), which are sloping…
