BTCUSD (BTCUSD)

Bitcoin fell to $76,000 as roughly $500 million in leveraged positions were liquidated, with Ethereum, XRP and Dogecoin each losing about 5%. The decline came amid a broader risk-off move, as the VIX jumped 39% during an AI tech selloff that erased $2.2 trillion in value, while Peter Schiff warned of more down days and Arthur Hayes predicted further weakness before a bailout-driven rally. Additional bearish pressure included a report that Trump Media transferred $342 million in Bitcoin to a crypto exchange and Robinhood shares falling alongside the crypto market. Greece's new 10% levy on crypto profits added a modest negative regulatory headline. The dominant signal is bearish, though VanEck's Matthew Sigel remained bullish and a researcher noted bipartisan Bitcoin support.

Bitcoin slipped below $77,000 on Tuesday, with Ethereum, XRP and Dogecoin trading flat ahead of the midterm elections. Analyst Mike McGlone added to the bearish tone, warning that Bitcoin and gold may have already peaked. Offsetting the decline, Strategy purchased 811 BTC for about $65.5 million and Strive bought $10 million in Bitcoin, while Bitwise set a $197,000 valuation on the cryptocurrency. Broader market sentiment was supported by a 1% gain in the Dow and a 7% drop in oil on Iran peace hopes. The mixed news flow leaves Bitcoin's near-term direction uncertain, though the dominant signals lean bearish.

Bitcoin fell 4% today as a $6.3 billion hack at Binance weighed on the crypto market, with one Bitcoin ETF dropping 5% while another gained 21%. Binance said customer funds are secure and aims to restore withdrawals in roughly 34 to 40 hours, while the Secret Service is working with Circle to trace stolen funds. Broader markets also declined, with the Nasdaq down more than 3% as chip shares dropped. The news points to continued downward pressure on BTCUSD in the near term.

Bitcoin fell to $80,000 following the Federal Reserve's decision to leave interest rates unchanged, with major cryptocurrencies staying range-bound after the meeting. Analysts are divided on the next move: 10x Research forecasts a climb to $90,000 by year-end, while another analyst warns Bitcoin could drop to $76,300 amid equity market weakness. A separate analyst also cautioned that Bitcoin may repeat the drop seen around the SpaceX IPO ahead of the Anthropic IPO. Glassnode noted a technical setup pointing to a large move ahead, though it gave no direction. Overall, the news flow skews bearish in the near term.

Bitcoin slid to the $80,000 level as selling pressure built, with traders questioning whether sellers now hold the upper hand. The decline came alongside news that Strive is seeking a $1 billion raise while Strategy has halted its Bitcoin purchases, adding to bearish sentiment. On the bullish side, Galaxy Digital said Bitcoin could retake $125,000 and a bullish technical signal versus the NASDAQ was noted, though both were low-impact. A value investor also placed a $1 million wager that Bitcoin reaches $100,000 before falling to $60,000. Overall, the news flow skews bearish near term as the market tests the $80,000 support.

Bitcoin traded in a tight range around $81,000-$83,000 today, touching $83,000 on optimism about a possible Iran agreement while large holders added to positions. JPMorgan projected 10% annualized returns for bitcoin, a notable shift from Jamie Dimon's past criticism, and the CFTC chair said proposed rules would let US retail traders use crypto as margin. Michael Saylor declared a new bitcoin upcycle has started, and ETF flows increased as ETH, XRP and Dogecoin each gained about 3%. The balance of news is bullish, though Kevin O'Leary called bitcoin speculative and one analyst sees a move to $90,000 requiring patience.