Bitcoin hits 15-week low under $105K as US regional bank woes echo 2023

Bitcoin (BTC) fell to its lowest levels since June, trading under $106,000, as renewed concerns over US regional banking stocks mirrored the turmoil seen in March 2023. Traders are watching the critical $100,000 support level, with some warning of a potential drop to $98,000 if current support fails. Previous daily moving averages have already been lost, pushing BTC toward its 200-day moving average for the first time in over six months. Meanwhile, gold, which recently hit all-time highs, saw some pullback. Bitcoin skeptic Peter Schiff argued that gold is more likely to reach $1 million per ounce before Bitcoin does, claiming BTC has failed as a viable alternative to the US dollar.

(Source：Cointelegraph)