The weekend is proceeding with relative calm for bitcoin and the majority of the crypto market, as is customary; however, a recent macro event in the past several hours has posed a potential disruption to that stability. Reports indicate that Yemen’s Houthis launched an attack on King Khalid International Airport in Riyadh, Saudi Arabia, resulting … Read more
U.S. investors this week altered their strategy, withdrawing $729 million from spot bitcoin exchange-traded funds — exerting downward pressure on the price of the leading cryptocurrency. Funds overseen by BlackRock, Fidelity, Morgan Stanley, and ARK 21-Shares encountered notable outflows on Wednesday and Thursday, as reported. Investors commenced the week with a divestment of approximately $90 … Read more
Bitcoin’s price has experienced a further decline, moving in tandem with other assets as the oil price continued to rise and the Federal Reserve issued a hawkish statement. The price of the leading asset recently stood at $81,203 after experiencing a decline to nearly $80,922 at one point on Thursday morning in New York. Over … Read more
Bitcoin’s price has experienced a significant decline, alongside other assets, as oil prices rise and borrowing costs escalate. The largest cryptocurrency was trading for $83,062, reflecting a decline of nearly 4% over a 24-hour period Wednesday morning in New York, after experiencing a low of $82,823 at one point. Last week, the coin approached a … Read more
Bitcoin experienced a decline of approximately 1.5%, settling just above $84,200. This movement coincided with a rise in oil prices, attributed to increased Iranian assaults on tankers in the Strait of Hormuz, which in turn elevated Treasury yields and strengthened the dollar. DOGE led the losses among the major cryptocurrencies, declining by 5% to approximately … Read more
Investors acquired more than $241 million in U.S. bitcoin exchange-traded funds last week, marking the third consecutive week of inflows that has contributed to maintaining the price of the leading cryptocurrency during the onset of what is referred to as “Uptober.” Data indicates that capital flowed into the popular funds daily, with the exception of … Read more
There is a significant threshold approaching for the leading cryptocurrency. This could be the pivotal factor in determining the success or failure of a potential breakout following the latest rebound. Conversely, it may merely represent the forthcoming consolidation point. Some analysts are highlighting a significant resistance level to monitor at $87,200, which may be crucial … Read more
Bitcoin is currently valued at approximately $84.7K, following a robust rebound from the $60K range in recent months. The charts indicate an enhancement in market structure; however, BTC is nearing a critical resistance cluster at $88K. Meanwhile, futures taker flow has shifted back to being predominantly buyer-driven, offering a constructive momentum signal. However, the price … Read more
The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by consistent exchange-traded fund flows and a jobs report indicating a slight increase in unemployment in the U.S. Bitcoin’s price recently stood at $85,990 following a 2% increase over a 24-hour period. Over the past week, it has increased by more … Read more
Bitcoin is entering October with notable momentum, renewed institutional demand, and a robust seasonal pattern supporting its trajectory. BTC concluded September at $83,563, significantly surpassing its estimated realised price of $54,000 and the 200-week moving average, which is approximately $66,000, as indicated by analyst. Around 71% of bitcoin supply was in profit at month-end. As … Read more
