Bitcoin fell 2% while gold and silver saw sharper declines as oil prices surged and the Fed flashed hawkish signals.
Bitcoin, unusually, outperforms gold as hawkish Fed, oil price fuel risk-off sentiment
Bitcoin fell 2% while gold and silver saw sharper declines as oil prices surged and the Fed flashed hawkish signals.
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Panning out over just the last week shows a much bigger sign of institutional positioning on BTC, Deribit said.
On-chain valuation puts the key threshold at the Trader’s Realized Price of $116,000, and a multiweek break above that could set the stage for $200,000.
Heavy selling pressure emerged after a failed rally attempt, with late-session stabilization showing exhaustion rather than reversal.
The sell-off was fueled by heavy selling pressure, with trading volume surging 87% and algorithmic trading triggering a cascade of sell orders