Thursday, May 15, 2025
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Bitcoin Sinks to $4,390 as Dow’s 1,000-Point Drop Risks Bigger Breakdown

Bitcoin jumped towards $6,000 in overnight trading as Federal Reserve reduced its benchmark interest rates, but trimmed gains as some traders liquidated their positions for cash amid sell-off in stocks.The bitcoin-to-dollar exchange rate plunged to $4,396.50 by 10:05 UTC, bringing its 24-hour losses further up by 13.78 percent. The bitcoin futures

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Bitcoin Risks Breakdown to $6.5k as Selling Continues Near Long-term Support

Highlights:Booming global panic could prompt Bitcoin traders to break long-term support trendline.A key technical indicator is confirming a breakdown towards $6,500, bitcoin’s reliable price floor during the 2018 crash and also the 2019’s bottom.Bitcoin is risking declines to as low as $6,500 as panicked sellers threaten to break a long-term

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