Bitcoin pump to $63,700 triggers the most short liquidations since late April
coindesk·- Bitcoin's recent rebound led to approximately $504 million in losses for short sellers within 24 hours, marking the largest daily loss since late April. - Total crypto liquidations reached about $655 million, impacting over 104,000 traders, primarily in bitcoin and ether positions. - Following a rise to near $63,800 over the weekend, bitcoin settled around $62,900, influenced by renewed Middle East tensions and the upcoming U.S. inflation data and major IPOs.Crypto rally: Why Humanity, Worldcoin, FET, and Venice Token are soaring
Invezz·- A crypto rally resumed, with top gainers including Humanity Protocol, Worldcoin, Artificial Superintelligence Alliance, and Venice Token, significantly increasing their values. - The ongoing AI boom and positive market sentiment due to potential geopolitical agreements are driving this surge, with total market capitalization rising to $2.51 trillion. - However, risks persist as major cryptocurrencies like Bitcoin and Ethereum ETFs continue to shed assets, indicating potential volatility ahead.Why The Bitcoin Price Won’t Hit $100,000 Again This Year
NewsBTC·- Bitcoin's target of $100,000 in 2026 faces skepticism as a crypto analyst, Alex Mason, suggests that current price action is trapped in a weakening ascending channel. - Despite appearing bullish, the channel demonstrates loss of momentum, with recent price movements indicating declining strength and potential for a downward trend. - With Bitcoin's support under pressure, a breakdown could lead to targets as low as $50,000 by July, while the chances of reaching $100,000 again before January 2027 are estimated at only 32%.Crypto Giant Dethroned: Bitcoin Drops Out Of Top 10 Amid Market Shift
NewsBTC·- Over 172,000 traders faced liquidation in a single day as Bitcoin's price decline pushed it to 13th place in market cap, falling behind gold and major tech companies. - Total cryptocurrency liquidations reached $921 million, with Bitcoin contributing $352 million as most liquidated positions were long bets on a price recovery that did not occur. - Technical indicators suggest bearish momentum for Bitcoin, which needs to exceed $75,000 to regain market confidence, while broader market declines affect Ethereum and XRP as well.