Bitcoin in a deep bear market against gold, history suggests downside may persist

China announced retaliatory tariffs on all goods, worsening risk sentiment during European hours.

Despite macro pressure and a bearish chart setup, Litecoin is gaining traction on the rollout of a layer-2 network and other developments.

Short-term holders have sent almost $8 billion worth of bitcoin to exchanges at a loss over the past two days. The volatility in recent bitcoin price action has seen wild

The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts and rising exchange reserves that may temper bullish momentum.