Bitcoin Falls
Bitcoin falls to $62,000 as the US dollar climbs to multi-month highs ahead of Thursday's PCE inflation report
Bitcoin fell to $62,000 as a broader macro-driven sell-off swept through risk assets, with the U.S. dollar climbing to multi-month highs.
Investors are now focused on Thursday’s PCE inflation report, a key indicator for future Federal Reserve policy.
Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $62,307.29 Ethereum (CRYPTO: ETH) $1,656.22 Solana (CRYPTO: SOL) $68.74 XRP (CRYPTO: XRP) $1.09 Dogecoin (CRYPTO: DOGE) $0.07851 Shiba Inu (CRYPTO: SHIB) $0.0 5 4530 Notable Statistics: Coinglass data shows 137,225 traders were liquidated in the past 24 hours for $649.88 million.
SoSoValue data shows net outflows of $68.2 million from spot Bitcoin ETFs on Monday.
Spot Ethereum ETFs saw net outflows of $66 million.
In the past 24 hours, top gainers include DeXe, Audiera and Algorand.
Notable Developments: Bitcoin Could Start A Catch-Up Rally—But The Fed Has To Play Ball, Bitwise’s Matt Hougan Says BlackRock: ‘AI Is Sucking All The Oxygen Out Of The Room’—And Bitcoin Is Choking On It Coinbase Is A Potential $1 Trillion Company, Dan Tapiero Says: What Do Prediction Markets Say? Solana ETFs Are Turning 6% Staking Yield Into A Superpower Bitcoin Plunges To $62,000: Is The Worst Of The Bear Market Still To Come? 4 Reasons To Stay Bullish On MSTR Even If Michael Saylor’s Bitcoin Engine Is Stuttering Ripple Gets MiCA Approval Across 30 EU Countries, But XRP Plunges To $1.10 Trader Notes: Crypto analyst Kevin expects one final major Bitcoin correction between July and October, aligning with a broader bearish roadmap.
The projected decline would clear long-position liquidity, fulfill the bear flag’s measured move target, test key moving averages and the 0.5 Fibonacci retracement level, potentially marking the cycle bottom before a recovery begins.
Crypto chart analyst Ali Martinez identifies the $60,000–$63,000 range as Bitcoin’s most important support zone, with more than 1.3 million BTC transacted there, making it the largest on-chain volume cluster.
Holding above $60,587 would preserve the current trend, while a breakdown could expose downside targets near $46,700 and potentially $37,900, where significant historical buying activity occurred.
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