On-chain indicators analysed by experts suggest that bitcoin has not yet reached its bottom in this bear cycle. The latest report indicates that the leading digital asset may experience a further decline into the $40,000s by year-end, as a growing number of investors exit the spot market. Historically, BTC has experienced a decline of at … Read more
Bitcoin has steadied around the $60,000 mark after a turbulent June, characterised by heightened volatility and persistent bearish sentiment. Over the past week, BTC experienced a decline from $63,000 to a low near $58,000 before showing a slight recovery, trading at $59,179 as of June 29. Despite this stabilisation, market conditions indicate a persistent absence … Read more
Bitcoin, the flagship cryptocurrency, is navigating its most lacklustre post-halving period to date. The leading cryptocurrency is currently positioned beneath the $60,000 threshold, as indicated by the data. The macroeconomic trajectory of Bitcoin has historically been dictated by its “halving” events. These events transpire approximately every four years, or every 210,000 blocks. They are viewed … Read more
Bitcoin steadied near $64,000 over the weekend, recovering some of Friday’s decline, as traders assessed the initiation of US-Iran ceasefire discussions in light of a renewed threat to close the Strait of Hormuz. The token was valued at approximately $64,200 on Sunday, reflecting a 0.9% increase over the past 24 hours, yet remaining relatively unchanged … Read more
Bitcoin price fell on Thursday to levels that pushed it beneath the “Fire Sale!” band on the Bitcoin Rainbow Chart — a depth not seen since the disastrous FTX exchange collapse in November 2022 — as the Fear and Greed Index recorded a reading of 12 out of 100, firmly entrenched in “Extreme Fear” territory. … Read more
Bitcoin price has struggled to maintain its position above the $75,000 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $74,500 mark. There was a dip beneath the $74,000 mark. The price even dipped below $73,000. A low was established at $72,470, and the price has recently made … Read more
Bitcoin price struggled to maintain its position above the $77,500 support zone. BTC continued to linger in a bearish territory, further extending its losses beneath the $77,000 mark. A drop occurred beneath the $76,500 mark. The price even dipped below $76,200. The market saw a low at $76,020, with the price currently consolidating its losses. … Read more
Bitcoin BTC$76,985.53 dipped below the $77,000 mark on Monday in Asia, influenced by climbing oil prices and Treasury yields that weighed on risk assets. Meanwhile, prediction-market traders maintained a low probability for any immediate relief from the Federal Reserve. The decision arrives amid a backdrop of increasingly unfavorable macro conditions for the cryptocurrency market. The … Read more
The ongoing conflict involving Iran, the U.S., and Israel has resulted in oil prices soaring beyond $100 a barrel on both sides of the Atlantic, raising concerns about potential inflationary pressures on the global economy. Asian markets are experiencing a downturn, bond yields are on the rise, and bitcoin is holding steady at $67,618.05, remaining … Read more