Bitcoin price falls to US$ 58 thousand after a 2% decline and increases pressure on the market
2 min read
PortalCriptohttps://portalcripto.com.br/
ads
Loading…
Bitcoin has once again lost strength and is now trading below the US$ 59 thousand, extending losses over the last 24 hours. The largest cryptocurrency on the market is trading near US$ 58,500, down about 2% over the period, while investors continue to monitor macroeconomic factors, ETF flows, and the geopolitical scenario.
After attempting a recovery during the previous session, BTC was unable to sustain the upward move. The cryptocurrency traded above US$ 60,600, but encountered strong resistance and began a new downward move, quickly losing support at US$ 60 thousand and later also the US$ 59 thousand.
The weakening in price comes amid continued outflows from Bitcoin exchange-traded funds (ETFs). IBIT, from BlackRock, recorded more than US$ 300 million in withdrawals, signaling that some investors remain reducing exposure to the asset even after improved sentiment in traditional markets.
On the international stage, investors also followed the statements of the current president of the United States, Donald Trump, indicating that peace negotiations with Iran may be resumed. The news helped ease some of the concerns involving the conflict in the Middle East, although conflicting information emerged about the Iranian government's position regarding the talks.
U.S. stock markets responded positively to the external environment. The Nasdaq Composite and the S&P 500 ended the trading session higher, while the Dow Jones Industrial Average renewed its all-time high, driven by the performance of major technology companies and expectations of an economic slowdown.
Despite the improvement in risk appetite in the stock markets, Bitcoin followed the opposite path. Now trading near US$ 58.500, the asset now has the US$ 58 mil region as its main support. A consistent loss of this level could increase selling pressure in the short term, while a recovery will depend on reclaiming US$ 59 mil and, subsequently, the psychological resistance of US$ 60 mil.
Among the main altcoins, performance remained mixed. The Ethereum traded near US$ 1.600, while XRP remained close to US$ 1,04. Solana continued to be quoted around US$ 74, and the token HYPE, from Hyperliquid, maintained a gain of approximately 4,5%, trading around US$ 65.
The total cryptocurrency market capitalization remained close to US$ 2,14 trilhões, with high trading volumes. Bitcoin dominance remained around 58%, while investors watch whether the leading cryptocurrency will be able to stabilize prices in the region of US$ 58 thousand after the drop recorded in the last 24 hours.