High
Bitcoin experienced a significant drop to $65,000, with major altcoins like solana, xrp, and dogecoin seeing even steeper declines of 6%. this indicates a broad market sell-off, driven by macroeconomic factors and a general risk-off sentiment.
High
The article cites specific price movements, economic data (ppi), market performance of major indices (s&p 500, nasdaq), corporate news (nvidia, block inc.), and stablecoin reserve data (usdt), which are all credible sources for market analysis.
Bearish
The price is currently bearish due to the weekend sell-off, driven by negative macroeconomic indicators (hotter ppi, potential delayed rate cuts), broader market weakness in equities, and shrinking usdt reserves on exchanges, all contributing to increased downside risk.