BEAR MARKET
Bitcoin Bear Market Now 233 Days In, Mildest Cycle Yet
Bitcoin's current bear market has lasted 233 days, with a 51.2% drawdown—its mildest yet. Recovery could take months as BTC trades 22% below its 200D MA.
Bitcoin (BTC) Drops 13%, ETF Rejection Highlights Bearish Sentiment
BTC falls 13% to $66,004 as ETF investors face losses, realized losses hit $1.35B/day, and spot sellers dominate. Market remains in a fragile bear phase.
Analyst Questions Bitcoin Bear Market Amid $79K BTC Price
Crypto analyst Matthew Hyland suggests Bitcoin may be nearing the end of its bear market, with signals pointing to a potential bottom at $60,000.
Bitcoin BTC Bears Target $50K Flush Before Recovery Can Begin
Multiple analysts warn Bitcoin could drop to $50,000 despite recent rally to $75K, citing bearish patterns and incomplete capitulation.
BTC On-Chain Data Signals Bear Market Conditions Despite $70K Push
Glassnode analysis shows Bitcoin's supply in profit at 57%, matching early 2022 and 2018 bear market levels. Options flow rotating toward $75K calls.
BTC Slides to $72K as On-Chain Data Confirms Bear Market Structure
Glassnode analysis reveals BTC's MVRV Z-Score at lowest since Oct 2022, with $1.26B daily realized losses and ETF outflows signaling deeper correction ahead.
Bitcoin Mining Difficulty Spikes 13.55%, Reaches New ATH of 35.6 Trillion Hashes
Mining difficulty has reached a new all-time record, indicating that more miners are participating in the network.
Bitcoin Miner Core Scientific Secures $100m Financing amid Bear Market
Core Scientific plans to use the financing to boost its liquidity. Many mining companies face an uphill struggle in the crypto bear market.
Blockchain.com Slashes 25% Workforce amid Crypto Meltdown
Massive layoffs continue engulfing the crypto market. Blockchain.com took the latest actions by reducing its workforce by 25%.
Greenidge Generation’s Bitcoin Mining Production Rose 18% in June
Greenidge produced 230 Bitcoins in June, an increase of 18% compared to production seen in May. The company also has ordered additional 200 mining machines to be on delivery to increase its mining ability.
CleanSpark Orders Purchases of New Bitcoin Mining Rigs to Survive Bear Market
Despite the current crypto bear market, CleanSpark is trying to become one of the experienced miners to capture the bulk of the market share.