Reported about 19 hours ago
Bitcoin dipped below the key $80,000 mark amid escalating tariff concerns that have caused U.S. stock futures to decline sharply. The cryptocurrency fell 5% to approximately $79,000, impacted by market volatility and substantial long liquidations exceeding $250 million in the past day. Technical indicators show a bearish 'death cross' as the 50-day moving average drops below the 200-day, signaling potential further declines. Key support levels to monitor include $74,000, $65,000, and $57,000, while a major resistance area to watch during any recovery is around $87,000.
Source: YAHOO