The bearish momentum is increasing, according to key indicators.
Solana’s Bull Party Ends: Trendline Smashed, Fib Eyed
The bearish momentum is increasing, according to key indicators.
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CEO Mike Novogratz noted this sale was part of a profit-taking trend among early bitcoin adopters, indicating weakening conviction in the "HODLing" philosophy.
Longer-term Treasury yields may rise despite the anticipated Fed rate cuts, potentially offsetting the expected bullish effects on BTC and other risk assets.
Bitcoin reversed Asian session gains, dropping below $88,000 and affecting major altcoins.
Traders are seemingly shoring up their defenses.