Axelar

Bitcoin reached significant multiyear support versus gold as commentary diverged over a breakdown and the start of a new bear market.

Bitcoin continued to sell near $90,000 as investors reacted to weak US jobs data and slowing economic growth by shifting into safer assets.

Bitcoin and several major altcoins are attempting to start a recovery, but negative investor sentiment and selling at the range highs are preventing a stronger bull trend from forming.

Bitcoin's onchain data reveals new BTC whales with 50% of the realized capital, highlighting a shift in how capital is shaping the market.

Bitcoin’s 36% drawdown from its all-time highs resulted in the relative strength index flashing a potential bottom signal not seen since early 2023.

Bitcoin headed higher despite the Bank of Japan's interest-rate hike while reactions saw bullish risk-asset signals and no further policy tightening.

The total crypto market cap fell to $2.93 trillion, its lowest since April, erasing yearly gains as analysts anticipated further declines.

Crypto has tracked lower late this year despite pro-regulation shifts, ETF launches, and institutional buying, prompting analysts to question structural issues.