Bitcoin is currently maneuvering through a tough market environment, marked by a delicate range and considerable overhead supply. The cryptocurrency’s price has encountered resistance close to $93,000, while support has been pinpointed around $81,000, establishing a critical battleground characterized by these significant levels, as reported. Bitcoin’s present trading range indicates a structurally delicate market, with … Read more
Bitcoin’s Lightning Network, the layer-2 payments system aimed at enhancing the speed and cost-effectiveness of Bitcoin transactions, has achieved a new all-time high in capacity. This development indicates a resurgence of institutional interest, despite the slower pace of grassroots adoption. According to data, the Lightning Network’s capacity reached 5,637 BTC yesterday, exceeding its prior high … Read more
Bitcoin’s price remained steady above $87,000, while market sentiment took a hit, with the Crypto Fear and Greed Index dropping to 11 out of 100, indicating a state of extreme fear among investors. As of this moment, bitcoin is priced at $87,696, reflecting an approximate 2% increase, based on market data. Despite the modest rebound, … Read more
Bitcoin’s price appears to be sluggish as we move into this week. Last week, prices faced another rejection at the $94,000 resistance level. The bulls struggled to find any momentum as the price continued to decline into Sunday, ultimately closing at $88,170. This week, the bears are aiming to breach the $84,000 support level, potentially … Read more
Michael Saylor indicated that his firm might increase its Bitcoin holdings as the market experienced another downturn on Sunday, a development that left traders anxious and sparked renewed discussions about the factors behind the declines. In a recent post on X, Saylor unveiled a chart featuring the phrase “Back to More Orange Dots,” which investors … Read more
Bitcoin has shown resilience, bouncing back from the $80,000 mark following a significant correction from its all-time high in October, with the price maintaining levels above the average entry points of crucial metrics. The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range … Read more
Bitcoin traders looking to predict the next move of the digital currency’s price should keep a keen eye on policy developments following the Federal Reserve’s recent rate cut announcement, as highlighted by several analysts. The leading cryptocurrency has been experiencing notable fluctuations throughout this month, oscillating between approximately $85,000 and $95,000, as per data. The … Read more
In November, corporate Bitcoin treasuries encountered mark-to-market losses, as revealed in a report. The report, which analyzes over 100 companies, provides a detailed examination of the impact that last month’s price drop had on public company holdings. In late November, Bitcoin experienced a brief dip, falling below the $90,000 mark, and the downturn has driven … Read more
Bitcoin price skyrocketed past $94,000 yesterday after the Federal Reserve implemented a 25-basis-point rate cut. The Federal Reserve has reduced its benchmark interest rate to a range of 3.50%–3.75%. This move aims to bolster maximum employment while managing inflation, which remains somewhat elevated, all against the backdrop of moderate economic growth and a slowdown in … Read more
Bitcoin bulls are adjusting their near-term price targets following the recent market pullback. Their longer-term outlook remains intact. Standard Chartered has reduced its Bitcoin forecasts by half in a note. The bank has adjusted its forecast for Bitcoin, now predicting it will hit $100,000 by the end of 2025, a decrease from the previous estimate … Read more