Bitcoin fell below on Wednesday $75,000 as heavy spot ETF selling pressure and weak short-term sentiment pushes crypto markets lower.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $74,653.21 |
| Ethereum | (CRYPTO: ETH) | $2,046.05 |
| Solana | (CRYPTO: SOL) | $83.28 |
| XRP | (CRYPTO: XRP) | $1.31 |
| Dogecoin | (CRYPTO: DOGE) | $0.1010 |
| Shiba Inu | (CRYPTO: SHIB) | $ 0.055477 |
Notable Statistics:
- Coinglass data shows 77,734 traders were liquidated in the past 24 hours for $285.55 million.
- SoSoValue data shows net outflows of $333.7 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $35 million.
- In the past 24 hours, top gainers include Terra Classic, Humanity and Stellar.
Notable Developments:
- Arthur Hayes Is Accumulating 3 Altcoins For The Next Bull Run—But XRP Is Not One Of Them
- SoFi Brings Access To New Digital Dollar Stablecoin
- Bitcoin ETFs Bleed $2.3 Billion In Two Weeks: What Is Going On?
- XRP Stays Glued To $1.30 Level: Why Is It Not Moving?
- ‘What Will You Sell Next?’ Peter Schiff Fires At Michael Saylor After Strategy’s $1.5B Debt Repurchase
- Circle Announces Partnership With Nium: What Does It Mean For CRCL?
- Robinhood Gives AI Agents ‘Power’ To Trade Stocks, Spend Through Gold Credit Cards
Trader Notes:
Technical trader Lennaert Snyder said Bitcoin showed renewed weakness after rejecting the $76,000 level, with the $74,200 range low now acting as the key invalidation point for bulls.
Crypto trader Altcoin Sherpa also warned that Bitcoin's lower time frame structure still looks weak.
While the analyst said a sharp upside breakout remains possible, current price action resembles a "slow grind down" rather than a strong bullish reversal.
Image: Shutterstock
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