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
Bitcoin is demonstrating a recovery trend, currently stabilizing around $91,000 after bouncing back from the mid-$80,000 range, as highlighted in an analysis. This resurgence establishes a cautiously optimistic sentiment after last week’s decline, as buyers are stepping in at reduced price points. Nonetheless, the overall market sentiment continues to show inconsistency across multiple indicators, including … Read more
The crypto market has experienced a significant reset in recent weeks, characterized by widespread liquidations, reduced liquidity, and a clear decline in risk appetite. Bitcoin experienced a decline from its recent peaks, yet it demonstrated a significantly stronger performance compared to the broader market. Altcoins experienced much sharper declines, funding rates turned negative universally, and … Read more
Bitcoin is currently at a pivotal juncture, teetering between two significant price levels that may dictate its forthcoming trajectory. Buyers and sellers are engaged in a fierce contest, with the market poised for a critical breakout. A breakthrough above crucial resistance may pave the way to $107,000, whereas a failure at support could lead to … Read more
Bitcoin price experienced a significant drop, falling into the $88,000s yesterday, marking a decline of over 4%. The cryptocurrency is currently hovering close to its seven-day low of $88,091, sitting approximately 4% beneath its seven-day high of $92,805. Bitcoin’s global market capitalization currently sits at $1.77 trillion, accompanied by a 24-hour trading volume of $48 … Read more
Bitcoin has found stability above crucial levels, but the market dynamics are reminiscent of early 2022, with more than 25% of the supply currently underwater. Weakening demand is evident across ETFs and futures, presenting potential risks. Bitcoin’s market dynamics are presently reminiscent of early 2022, with substantial segments of supply remaining underwater, as per reports. … Read more