| Mobile Web

Search results for The Kobeissi Letter

Crypto

Bitcoin bottom debate flares, five key variables to shake market this week

Warnings are growing again that the latest decline in the bitcoin market may not be the bottom of the bear market. Some traders see any firm low forming no earlier than the third quarter, and possibly in the fourth quarter, even if bitcoin attempts a short-term rebound. This week’s outlook is shaped by U.S. CPI and PPI data and interest-rate expectations, stock-market volatility, Middle East risks, mixed on-chain signals and extreme fear in investor sentiment.

Crypto

Bitcoin selling pressure persists as rate burden grows on strong U.S. jobs data

Bitcoin extended a six-day decline, moving closer to a retest of $60,000. Cointelegraph reported the drop deepened after the U.S. stock market opened, leaving bitcoin down about 16 percent over a week. Traders cited continued sell-side dominance and weakening short-term charts, though some indicators suggested selling was easing. Stronger-than-expected U.S. May jobs data and upward revisions to April payrolls added to pressure by reducing expectations for Federal Reserve rate cuts.

Crypto

Crypto market cap falls more than $2 trillion; bitcoin at $60,000 crossroads

Bitcoin slipped back below $64,000 and entered its biggest weekly decline so far this year, with a 13.5 percent drop. The market is watching whether the $60,000 level can hold as support, with attention also on the 200-week simple moving average around $61,626. Selling pressure is also seen in Binance perpetual futures order books. The broader crypto market has lost more than $2 trillion in value since October 2025.