⚠️ BTC approaches the $70,000 mark
Bitcoin just hit a 12-week low, trading at around $71,550 on Binance (at 19:37 UTC), down nearly 4% on the day and below $72,000 for the first time since August 20. The intraday low was $71,255, and BTC has fallen below its 21-week moving average ($73,078).
The slide dragged down the broader market: ETH fell below $2,000, down around 4%, while total market capitalization stood at ~$2.38 trillion. Only 14 of the top 100 coins were in the green. More than $730 million in derivatives positions were liquidated over the past 24 hours.
Pressure is still coming from the Nvidia shock — NVDA shares fell more than 7% after CEO Jensen Huang resigned — along with outflows from spot Bitcoin ETFs for the fifth consecutive day. The Fear & Greed Index remains at 28 (Fear).
The next level the market is watching is the psychological $70,000 mark, with the 200-week moving average around $68,000 further below. Can buyers hold $70,000, or will BTC fall further? What do you think?
$GT is the biggest loser among the top 100 today: −6.47% to around $9.16.
#CryptoNews #Bitcoin #BTC #Crypto
📌 This is market information, not investment advice.
Bitcoin just hit a 12-week low, trading at around $71,550 on Binance (at 19:37 UTC), down nearly 4% on the day and below $72,000 for the first time since August 20. The intraday low was $71,255, and BTC has fallen below its 21-week moving average ($73,078).
The slide dragged down the broader market: ETH fell below $2,000, down around 4%, while total market capitalization stood at ~$2.38 trillion. Only 14 of the top 100 coins were in the green. More than $730 million in derivatives positions were liquidated over the past 24 hours.
Pressure is still coming from the Nvidia shock — NVDA shares fell more than 7% after CEO Jensen Huang resigned — along with outflows from spot Bitcoin ETFs for the fifth consecutive day. The Fear & Greed Index remains at 28 (Fear).
The next level the market is watching is the psychological $70,000 mark, with the 200-week moving average around $68,000 further below. Can buyers hold $70,000, or will BTC fall further? What do you think?
$GT is the biggest loser among the top 100 today: −6.47% to around $9.16.
#CryptoNews #Bitcoin #BTC #Crypto
📌 This is market information, not investment advice.
