Bitcoin slipped below $64,000 on Tuesday as a selloff in Asian tech equities reflected investor caution ahead of the Federal Reserve’s interest rate decision Wednesday.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $63,674.81 |
| Ethereum | (CRYPTO: ETH) | $1,908.10 |
| Solana | (CRYPTO: SOL) | $73.83 |
| XRP | (CRYPTO: XRP) | $1.05 |
| Dogecoin | (CRYPTO: DOGE) | $0.07056 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054609 |
Notable Statistics:
- Coinglass data shows 133,415 traders were liquidated in the past 24 hours for $620.81 million.
- SoSoValue data shows net outflows of $11.6 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $9.23 million.
- In the past 24 hours, top losers include Audiera, LayerZero and Shiba Inu.
Notable Developments:
- Saylor’s Bitcoin Break Isn’t a Pivot, Expert Says: Here’s the Real Reason Strategy Pressed Pause
- Ethereum, Solana Cheer Morgan Stanley ETF Launch, Bounce 2% Intraday
- ‘A Tower of Liquidity Bound to Collapse’: Crypto Traders Pivoting to AI Stocks Take On Hedge Funds
- Tom Lee Says Bitcoin, Ethereum Decoupling Chip Stocks Is Its ‘1934 Moment’
- Bitcoin Drops Below $64,000: ‘Respect the Bear,’ Bloomberg’s Mike McGlone Says
- Raoul Pal Says ‘Young, Volatile’ Bitcoin Is Tracking Global Liquidity: ‘Nothing Is Broken’
- Circle Acquires IBM’s Entire Blockchain Patent Portfolio: ‘IBM Just Capitulated,’ Analyst Says
- Coinbase Policy Chief Says CLARITY Act Is Critical to Keep Crypto Lead Over China
- Cardano Founder Calls Trump ‘Disgusting’, Though Harris Administration Would Have Been ‘Worse’ for Crypto
Trader Notes:
Crypto chart analyst Ali Martinez said Bitcoin has lost the key $63,800 support level, weakening its near-term technical structure.
With that breakdown, analyst sees $60,000 as the next major downside target unless bulls quickly reclaim the lost support.
Ted Pillows noted Bitcoin is forming a falling wedge, a pattern often viewed as a potential bullish reversal, just as the CLARITY Act nears its final legislative stage.
The trader argues that if the bill passes, it could validate Tom Lee‘s bullish outlook, while a rejection would likely delay, but not necessarily invalidate, his longer-term thesis.
Trader Crypto Poseidonn believes Bitcoin’s summer uptrend has ended, citing a loss of key support and the formation of a lower high.
Drawing parallels with the April-May decline, he expects Bitcoin to revisit sub-$60,000 levels in the coming weeks.
Image: Shutterstock
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