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
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
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 bulls are poised in anticipation of a significant volume of Bitcoin options approaching their expiry date. Approximately $15 billion in options contracts are scheduled to expire on Friday during the market’s quarterly settlement. The September 25 contracts represent over one-third of the total bitcoin options open interest on the crypto derivatives platform Deribit. A … Read more
Bitcoin’s price experienced a decline on Wednesday, coinciding with a notable increase in U.S. Treasuries, as the 10-year yield rose above 5%, marking its highest level since 2007. The price of the leading cryptocurrency experienced a decline of 2% over a 24-hour period Wednesday afternoon in New York, trading at $84,357. Bitcoin’s price had surged … Read more
On Friday, Bitcoin’s price surged past $81,000, even in the face of a week filled with challenges for the cryptocurrency sector. The largest cryptocurrency was recently exchanging hands at $80,982, having peaked at $81,055 at one point on Friday morning in New York. In the last 24 hours, there has been an increase of nearly … Read more
The Federal Reserve raised interest rates for the first time since 2023 on Wednesday, resulting in significant volatility in the bitcoin price, albeit briefly. However, it has stabilised and is presently 1% higher over the past 24 hours. According to reports, bitcoin is unlikely to be affected by the Fed’s decision. “We believe yesterday’s move … Read more
Bitcoin’s price fluctuated before ultimately remaining relatively unchanged over a 24-hour span following the Federal Reserve’s anticipated interest rate increase – the first since 2023. The leading cryptocurrency was recently priced at nearly $75,813 after experiencing a decline to as low as $75,355 in the hour following the U.S. central bank’s decision to raise the … Read more
After the long-awaited Clarity Act was blocked, the price of Bitcoin and other cryptocurrency-related equities fell. After falling as low as $75,038 at one point on Tuesday, the price of the most popular cryptocurrency recently was at $75,939, down 4% over the previous day. Lawmakers obstructed the significant digital asset market structure bill during a … Read more
Bitcoin is currently consolidating at $77.3K following a significant breakout from the $67K region. While the broader structure has improved significantly, BTC is now encountering a critical resistance cluster in the vicinity of $80K-$82K. Meanwhile, the latest Coinbase Premium reading indicates that US spot demand has not yet fully validated the recent advance. The daily … Read more
