Bitcoin, Ethereum, XRP, Dogecoin Slide Even as CPI Figures Ease Rate Hike Odds: Analyst Says BTC 'Displaying a Condition' Associated With Market Bottoms
benzinga_article·- Leading cryptocurrencies fell despite easing inflation figures and stock market rallies, with Bitcoin dropping to $63,424.63 and over $175 million in crypto positions being liquidated. - Analyst Michaël van de Poppe warned that Bitcoin risks a breakdown toward $60,000 if it fails to maintain the $63,500 support level. - CryptoQuant noted that Bitcoin is exhibiting conditions historically associated with macro market bottoms as long-term holders absorb increasing unrealized losses.