0xBitcoin USD Price & Performance (0XBTCUSD)

Bitcoin's price is under pressure as it nears critical support levels, trading around $80,000 after a steep decline. Analysts are divided on whether it will hold or drop further, with some predicting a potential retest of $78,000. Broader market uncertainty and bearish sentiment are adding to the challenges.12

The crypto market sentiment has plunged to 'extreme fear,' with the Fear & Greed Index at its lowest since mid-2023. Major cryptocurrencies, including DOGE and ADA, have seen significant losses, exacerbated by macroeconomic concerns and lackluster outcomes from recent regulatory discussions.23

Bitcoin regained ground, rising above $81,000 after touching a four-month low of $76,600. Analysts speculate the rebound could be short-lived as weak demand and bearish technical indicators persist. Broader macroeconomic pressures and market volatility continue to weigh heavily on investor sentiment.45