Is the Golden Cross at Risk?
The brief spark of optimism that lifted Bitcoin above $97,000 last week appears to be fizzling out. BTC was recently trading at $93,192, erasing the gains that had traders hoping for a potential trend reversal.
The pullback comes amid a broader risk-off move across markets. President Trump’s new tariffs on European nations over his administration’s pursuit of Greenland have spooked investors, sending capital rushing toward safe havens like gold, which hit a new record of $4,680 an ounce.
The global crypto market cap now sits at $3.15 trillion, down 2.38% from yesterday according to CoinMarketCap, with more than $800 million in leveraged long positions liquidated over the last 24 hours, according to CoinGlass.
The…
