Bitcoin’s Weekend Dip to $93K Sparks Volatility, ‘Extreme Fear’: What’s Next?

The week's broader crypto market downturn saw Bitcoin drop to as low as $93,029 over the weekend, sparking liquidations of nearly $579 million on Sunday. Bitcoin recovered lost ground Monday morning, and is currently trading at $95,453, down 0.1% on the day according to CoinGecko data. The weekend’s bloodletting has formed a popular bearish sell signal known as ‘Death Cross,’ which is formed when the 50-day moving average crosses below the 200-day moving average. It is considered a demarcation between th ...