Bitcoin’s trajectory upward has encountered increased challenges in the near term; however, the longer-term outlook may be showing signs of improvement, as indicated by a recent report. In a Friday note, James Butterfill, indicated that firmer-than-expected core inflation increases the likelihood of tighter Fed policy, which may limit bitcoin’s price to below $80,000 for the … Read more
Bitcoin’s price declined on Thursday following a surge in oil prices, which exceeded $105 a barrel due to escalating tensions in the Middle East. The largest and most established cryptocurrency was recently valued at $77,208, having dipped to a low of $76,748 – a decline of over 2% in the last 24 hours. Its dip … Read more
Bitcoin is currently trading at about $78,600, stabilising below a crucial resistance range between $83,000 and $86,000. This level aligns with various metrics, including the cost basis of long-term holders, the BTC futures liquidation map, and the break-even price of institutional ETFs. However, the selling pressure within this range is significantly muted, indicating a possible … Read more
Bitcoin traded near $79,174 on Monday, September 7, 2026, reflecting a decline of 0.9% over the past 24 hours. This movement comes as traders processed renewed concerns regarding Federal Reserve rate hikes and the upcoming U.S. Consumer Price Index data set to be released on September 11. The crypto market, with a total capitalisation hovering … Read more
BTC encounters a pivotal week ahead, having stabilised near $80,000 over the weekend. However, a series of significant economic events in the US could influence its duration at this level. Following last Friday’s strong US jobs report and the subsequent unusual rise in expectations for an upcoming Fed rate hike, risk-on assets are entering the … Read more
The system is broken, stated the Kobeissi Letter, as the US stock market experienced a decline alongside cryptocurrency following the release of the robust jobs report. Attention was focused on the US jobs report released on Friday, revealing that the US economy added 162,000 jobs in August, significantly surpassing expectations of approximately 55,000-58,000. The unemployment … 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
