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[ccecash]

Bitcoin slid below the $71,000 mark in Asian hours Thursday as a renewed selloff in global technology stocks spilled into crypto markets, undercutting hopes of a sustained rebound after last week’s volatility.

The world’s largest cryptocurrency fell as much as 7.5% over the past 24 hours, touching lows near $70,700 before paring some losses, according to CoinDesk data.

 

[ccecash]

The cryptocurrency market is currently facing a "bloodbath," with Dogecoin (DOGE) suffering heavy losses amidst a broader market correction.

As the leading meme coin, Dogecoin crashed alongside Ethereum and Bitcoin, wiping out weeks of gains in just a few hours, casting a shadow over bullish predictions for the cryptocurrency.

With fear gripping the market, DOGE has fallen to its lowest level in three months, currently trading near the $0.095 mark.

This dramatic decline has raised an unsettling question among retail investors: Is this the official end of meme coins? While sentiment is undoubtedly low, experienced analysts know that panic selling often breeds opportunity. In fact, a closer look at the technical indicators reveals that a massive reversal pattern is forming right under the market's nose.

 

[ccecash]

The recent decline in Bitcoin is not just a price drop; it has forced investors to "cut their losses" at a rate rarely seen in the history of cryptocurrencies.

On-chain analyst Murphy pointed out on Friday that Bitcoin's "realized losses" after the physical adjustment on February 5th reached a record-breaking $3.2 billion. This is a clear signal that traders are frantically fleeing as the market collapses. Murphy characterized this move as a "capitulation sell-off," and believes the scale of this sell-off has exceeded what the market has experienced in several infamous past shocks.

This wave occurred after Bitcoin plunged about 10% on Friday, with the price falling to around $64,000, the lowest level since the end of 2024, completely erasing the gains accumulated since Donald Trump's election victory.

 

[ccecash]

Bitcoin’s short-lived bounce faded on Wednesday as the volatility in the world’s largest cryptocurrency continued.

Bitcoin was trading at around $66,166 at 10:21 a.m. ET on Wednesday, down roughly 4% on the day.

The digital coin has been on a downward trajectory since hitting an all-time high above $126,000 in October with the sell-off intensifying over the last month. Bitcoin dropped below $70,000 on Feb. 5 and slid to hold just above $60,000, which is seen as a key level.

Bitcoin then recovered from those lows and was back above $70,000, but has struggled to push higher from that, remaining in the range of $66,000 and $72,000.

On Thursday, bitcoin was around 47% lower than its record high.

 

[ccecash]

Bitcoin (BTC) rebounds from $65,000, looking to snap a three-week losing streak. BTC reclaimed $70,000 for the first time in four trading sessions. Softer US inflation raised bets on a Fed rate cut, lifting sentiment.

 

[ccecash]

Bitcoin prices fell in early Asian trading on Monday amid market panic triggered by the latest uncertainties surrounding U.S. import tax policies.

The earliest cryptocurrency plunged as much as 4.8% to nearly $64,300, its lowest level since February 6. Other cryptocurrencies fared worse, with Ether, the second-largest digital currency, dropping 5.2%.

 

[ccecash]

Bitcoin [BTC] rallied as high as $74,050 on Wednesday, 04 March. However, it fell below the $70k support in the past 24 hours of trading. The move underscored that aggressive selling pressure, which drove BTC to $60k in February, has cooled slightly, but a broader market recovery was not yet in sight.

AMBCrypto reported that the Bull Score Index was near 10, signaling weak market sentiment. The Coinbase Premium Index, which had risen into positive territory in recent days, reverted to negative territory too.

Weak participants and sentiment hinted at limited conviction in the rally. This means that the current Bitcoin retracement could extend further south. Hence, the question is – How much further, and how soon?

 

[ccecash]

Bitcoin's price approached $72,000 today, continuing its recent upward trend. Investors reacted positively to developments in US regulatory policies and easing concerns about rising oil prices. Ethereum, Ripple, and Solana also joined the rally, with gains ranging from 3% to 5%.

Overall, the cryptocurrency market capitalization increased by approximately 3%, reaching about $2.43 trillion. Meanwhile, $253 million was liquidated in the cryptocurrency market over the past 24 hours.

 

[ccecash]

Bitcoin's price approached $72,000 today, continuing its recent upward trend. Investors reacted positively to developments in US regulatory policies and easing concerns about rising oil prices. Ethereum, Ripple, and Solana also joined the rally, with gains ranging from 3% to 5%.

Overall, the cryptocurrency market capitalization increased by approximately 3%, reaching about $2.43 trillion. Meanwhile, $253 million was liquidated in the cryptocurrency market over the past 24 hours.

 

[ccecash]

Goldman Sachs has filed a registration statement with the SEC for a Bitcoin Premium Income ETF, making it one of the bank’s first direct moves into cryptocurrency investment products.

The fund will invest at least 80% of its net assets in products that provide bitcoin exposure. These include spot bitcoin ETFs, options on spot bitcoin ETFs, and options on bitcoin ETF indices. The fund will not hold bitcoin directly.

To generate income, the fund will sell call options on bitcoin ETFs at a premium. This means investors collect option premiums but give up some potential gains if bitcoin prices rise sharply.

This trade-off — steady income in exchange for capped upside — is designed for investors who want exposure to bitcoin but also want regular returns, similar to a dividend-paying stock.

Goldman becomes the second major bank to file for a bitcoin ETF. Morgan Stanley launched its own bitcoin ETF last week. BlackRock, the world’s largest asset manager, has also filed for a similar income-focused product expected to trade under the ticker BITA.