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US Treasury Secretary Scott Bessent told a House Financial Services Committee hearing Wednesday that the federal government lacks authority to rescue Bitcoin (BTC) during market downturns, explicitly ruling out any taxpayer-funded intervention to stabilize cryptocurrency prices. What Happened: Treas

Crypto analyst Benjamin Cowen, who correctly forecast Bitcoin's (BTC) current downtrend, told his 1.1 million followers on X that the cryptocurrency could be setting up for a countertrend rally after falling below $71,000. What Happened: BTC Breaks April Low Cowen noted that Bitcoin had dropped belo

Bitcoin (BTC) has declined 23% in just 83 days since dropping below its 365-day moving average in November, a pace that on-chain analytics platform CryptoQuant says represents a steeper deterioration than the 6% decline recorded over the same period during the early 2022 bear market. What Happened:

CryptoQuant's head of research Julio Moreno said Bitcoin (BTC) is firmly in bear market territory with all major demand and liquidity indicators signaling weakness, and predicted the bottoming process could take months rather than weeks. What Happened: Bull Score Hits Zero Moreno laid out his case u

Zacks chief equity strategist John Blank and Stifel Financial Corp. are warning that Bitcoin (BTC) could plunge to between $38,000 and $40,000, with both Wall Street firms citing force selling, liquidations, heavy ETF outflows, and waning investor interest as the cryptocurrency tumbles from a report