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
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
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
Bitcoin traded just above 77,600 in Asian morning hours Thursday, reflecting an increase of approximately 1.5% over the past 24 hours, following a 24-hour low of 76,400 observed during late U.S. hours. XRP led the majors at $1.36, reflecting an increase of nearly 3%. BNB increased nearly 2% to just under $692, while Solana also … Read more
Bitcoin is characterised by its seasonal downturns during the summer months. However, August presented a distinct scenario. In fact, the leading cryptocurrency experienced its third most successful August on record. As noted on Tuesday by Bitwise’s European Head of Research, André Dragosch, bitcoin achieved returns of 25% last month. “No ‘summer lull’ so far,” Dragosch … Read more
Bitcoin exchange-traded funds have maintained their positive momentum, drawing in billions of dollars in fresh investments over the last week. U.S. investors have allocated $2.56 billion since last Monday, as reported by data, contributing to an increase in the price of the leading cryptocurrency. This week, approximately $652 million in new capital has flowed into … Read more
Last week, Bitcoin saw its most remarkable weekly increase in three years, rising from less than $65,000 to nearly $80,000 in less than 48 hours. Such explosive moves are typically followed by a sharp retracement as investors tend to secure profits, particularly after extended periods of sideways activity devoid of significant gains. BTC has indeed … Read more
Bitcoin is entrenched in its bear market; however, it is exhibiting an unusual behaviour: remaining stagnant. According to a recent report, thirty-day realised volatility has decreased to 27.2% annualised, a decline from 30.4% the previous month and significantly below bitcoin’s long-run average of approximately 80%. For an asset characterised by double-digit daily fluctuations, this represents … Read more
Spot Bitcoin exchange-traded funds experienced their most significant outflows last week since the conclusion of June, marking a reversal of the robust performance observed at the beginning of August. The 13 US-listed funds experienced a net outflow of $389.7 million during the week of August 10, following an inflow of $853.5 million in the preceding … Read more
Bitcoin remains ensnared in a low-momentum environment, with price action increasingly defined by erratic consolidation rather than a clear directional shift. The absence of liquidity and volume persists in constraining follow-through, while the existing structure allows for the possibility of another liquidity-driven movement prior to the emergence of a more robust trend. On the daily … Read more
