Bitcoin’s daily RSI has dropped to 15.5 — its lowest level since March 2020 — after losing 30% over the past month. This sharp decline signals extremely oversold conditions, a level many traders watch closely for signs of a possible market reversal.
BTC Market Update: Bitcoin is currently trading at $61,824.38, up approximately 2.49% over the past 24 hours. It reached a 24-hour high of $62,159.00 and a low of $60,198.00, with the session opening at $60,324.18. BTC is holding near the upper end of its daily range, which suggests buyers are still showing strength in the short term. $BTC #BTC #Bitcoin #CryptoMarket #BTCUSDT #MarketUpdate
JPMorgan, Bank of America, and Citi are reportedly working with The Clearing House to build a tokenized deposit network, targeting a launch in the first half of 2027. The system is designed to support 24/7 blockchain-based transactions, marking a major move toward institutional adoption of blockchain infrastructure within traditional banking.
Bitcoin is following the same playbook as 2017 and 2021 almost perfectly. History may be repeating itself, and so far everything is unfolding exactly as expected.
The bull trap looks finished. Next key move for $BTC could be a major flush before the real continuation.
Scenario 1: 📈 $48K in the coming days
Scenario 2: 📈 $28K by August before the next major bull run begins
The real question is: Are you actually prepared if that happens?
BTC: -5.5% Bitcoin fell below the $60,000 mark, recording its worst weekly performance since July 2024 as broad market selling pressure and liquidations intensified.
ETH: -11.1% Ethereum posted a sharp decline, moving closer to key support zones while rising liquidation pressure put approximately 343,075 ETH positions at risk.
BNB: -4.6% BNB also moved lower, dropping to around $578 amid the wider crypto market pullback.
Overall, the market saw strong downside momentum over the past 24 hours, with major assets facing heightened volatility as risk sentiment weakened.
U.S. House Committee Prepares Crypto Tax Legislation
The U.S. House Ways and Means Committee is reportedly circulating seven discussion drafts focused on digital asset tax reform, signaling a major step toward comprehensive crypto legislation. Lawmakers are expected to introduce the package as early as this week, with a formal hearing anticipated next week.
The proposed effort reflects growing momentum in Washington to establish clearer tax rules for digital assets, an area that has long faced uncertainty for investors, traders, and businesses. If advanced, the legislation could address key issues such as reporting requirements, transaction treatment, and the broader tax framework surrounding cryptocurrencies and other blockchain-based assets.
This development may mark an important turning point for the crypto industry, as more defined regulations could improve compliance standards while also providing greater clarity for market participants.
BTC wird bei $61,147.91 gehandelt, was einem Rückgang von etwa 2.2% in den letzten 24 Stunden entspricht. In diesem Zeitraum öffnete es bei $62,504.90, erreichte ein Hoch von $63,259.90 und fiel auf ein Tief von $59,130.91. Kurz gesagt, BTC steht heute unter Druck, bleibt jedoch komfortabel über seinem täglichen Tief. #BTC走势分析 #BTC☀️ #USDTMarketCapOvertakesEthereum
SEC Trading and Markets Director Jamie Selway said that SEC Chair Paul Atkins has instructed the division to create a framework for the listing and trading of tokenized securities, marking a major move toward bringing blockchain technology into traditional finance. $BTC ADAFallsToLate2020LowsAt$0.16 #USDTMarketCapOvertakesEthereum