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Bitcoin gets new $50K target after BTC price crashes 6% in a day
Bitcoin (BTC) losses passed 6% after Wednesday’s Wall Street open as a cascade of liquidations gathered pace. chart That level marked the pair’s lowest since April 5, erasing months of gains as 24-hour cross-crypto liquidations hit $1.25 billion. chart Continuing a grim divergence from other risk assets, Bitcoin collapsed as the S&P 500 set yet another all-time high. chart “Investors are Macro Risk-Off, fleeing into Stablecoins and moving away from Bitcoin,” trader and analyst Rekt Capital wrote in a response on X. chart Rekt Capital saw price targeting its 50-month exponential moving average ... (full story)
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