Bitcoin Drops to $75,000 as Market Awaits ‘Golden Cross’

Bitcoin fell to $75,000 as traders watch for a 'golden cross'; ZEC dropped 9%.

On May 27, the leading cryptocurrency fell to approximately $75,000, a decline of 2.5% over the day. Traders are monitoring the potential formation of a ‘golden cross’—a signal where the 50-day moving average crosses the 200-day moving average from below. Meanwhile, ZEC emerged as the main underperformer among major crypto assets, losing about 9%.