Today, the cryptocurrency market faced challenges as Bitcoin plummeted to $53,485 on Binance, impacting altcoins adversely. An expert analyst critically analyzed this setback, identifying a probable support level for Bitcoin around $52,000. Despite oversold indications, the analyst warns of potential further price drops. It is crucial for investors to carefully observe Bitcoin's performance for positive indications like consolidation and divergence.
Analyst Predicts Bitcoin's Support Level - Insights

by Giorgi Kostiuk
2 years ago

Other news
DeFi Development Corp's Treasury Strategy Involves Active SOL Management

DeFi Development Corp employs a strategy of accumulating and staking SOL while deploying part of its treasury on-chain.

STRC Hits Record High Daily Trading Volume

On May 14, 2023, STRC achieved a record daily trading volume of $153 billion, indicating strong market interest in Strategy's capital-raising efforts.

Strategy to Repurchase $1.5 Billion of Convertible Debt Notes

Strategy, formerly known as MicroStrategy, plans to repurchase $1.5 billion of its 2029 convertible debt notes to retire debt and reorganize its balance sheet.

THORChain Suffers $11 Million Hack

THORChain suffered a significant hack, resulting in losses of $11 million across four blockchains.

KelpDAO Resumes Operations Amid Recovery Efforts

On May 15, 2026, KelpDAO announced the resumption of its reETH activities, including withdrawals, bridging, and protocol operations, following a series of recovery efforts after the exploit.

KelpDAO Exploit Results in $292 Million Loss

On April 18, 2026, KelpDAO suffered a significant exploit resulting in the theft of 152,577 rsETH, valued at $292 million, severely impacting user confidence in the DeFi sector.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter