
Bitcoin retraces back to critical monthly all-time high support level from 2021
Bitcoin will create its first red monthly candle in over half a year tonight as it retraces part of its gains.
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The decline mirrored a broader selloff across asset classes amid heightened global economic uncertainties and geopolitical risks.

Solana Labs head of communication Austin Federa said developers from across the ecosystem are involved in concerted efforts to improve the platform's networking stack

Research shows that investors are buying Bitcoin at a high rate amid price corrections and long-term holders are becoming less likely to sell.

iShares Bitcoin Trust also added ABN AMRO Clearing and UBS Securities in the new prospectus.

Total liquidations stood at $199.2 million over the past 24 hours, with longs accounting for more than half at $109.4 million.

The move occurred amid a major dip in Bitcoin that took its price to a weekly low of $64,500 per BTC before bouncing above the key $65,000 support level.