TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Breaking: Bitcoin resumes the collapse, smashes $6,800

Breaking: Bitcoin resumes the collapse, smashes $6,800
FXStreet TeamFXStreet TeamFXStreet

Bitcoin (BTC/USD) has resumed the decline during early US hours. The first cryptocurrency hit the low of $6,720 before recovering to $6,780, at the time of writing.

BTC/USD, 15-min chart

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

XRP holds in bearish trend as Ripple’s Jeonbuk Bank deal fails to lift outlook

XRP holds in bearish trend as Ripple’s Jeonbuk Bank deal fails to lift outlook

XRP remains below the critical $1.00 handle, trading at levels last seen in 2024. The XRP technical structure deteriorates further, with major moving averages declining and limiting recovery potential.

Crypto Today: Bitcoin, Ethereum, XRP falter amid escalating US-Iran tensions

Crypto Today: Bitcoin, Ethereum, XRP falter amid escalating US-Iran tensions

Cryptocurrency prices are broadly correcting on Tuesday, with Bitcoin edging lower toward $64,000. Ethereum shows weakness amid ongoing narrow-range consolidation, while Ripple trades below $1.00, weighed down by falling technical indicators.

Bitcoin holds recent gains above 50-day EMA amid improving momentum

Bitcoin holds recent gains above 50-day EMA amid improving momentum

Bitcoin finds support around the 50-day EMA at around $64,300 on Tuesday after gaining 2.5% the previous day. Middle East tensions continue to weigh on risk sentiment and could limit BTC’s upside.

Pi Network holds steady amid app studio costs surge to push user adoption

Pi Network holds steady amid app studio costs surge to push user adoption

Pi Network extends a consolidation range capped below $0.0900 on Tuesday, holding above the $0.0839 support level. PI token remains under pressure as the Core Team pushes for real user adoption by raising costs for AI-powered app creation, effective from August 24.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.