Bitcoin remained stable at approximately $63,800 on Monday, as gold, oil, equities, and government bonds experienced declines following the U.S.’s fourth round of strikes on Iran within a week. The largest cryptocurrency experienced a decline of 0.3% over the past 24 hours, while reflecting an increase of 2% for the week. The traditional market reaction … Read more
Bitcoin reclaimed $64,000 on Tuesday, just hours after it dipped to $62,800, maintaining its July upward momentum. Market data indicates that the cryptocurrency initially surpassed the $64,000 threshold late Monday afternoon, posing a potential challenge to reach $64,700. Shortly after reaching a 24-hour high of $64,657, bitcoin commenced a downward trajectory that almost completely negated … Read more
Bitcoin has staged a notable rebound after sweeping liquidity beneath the June lows; however, the recovery is now approaching a critical resistance cluster. While momentum has shown signs of improvement in the short term, the overarching structure continues to exhibit bearish characteristics until BTC successfully reclaims several significant resistance levels above. The daily timeframe indicates … Read more
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, 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’s recent pullback was not influenced by a solitary headline. Traders faced a convergence of adverse factors simultaneously: a downturn in global technology stocks, significant spot Bitcoin ETF redemptions, a pronounced leverage flush, and a substantial monthly options expiry that maintained market attention on downside strike levels. The institutional flow picture exhibited a pronounced negative … Read more
Bitcoin price climbed above $65,000 Monday morning, caught between a sixth straight week of spot ETF outflows, a hawkish Federal Reserve debut, and a U.S.-Iran peace deal that provided a temporary boost to risk assets. The increase occurred as U.S. and Iranian officials indicated advancements in peace negotiations in Switzerland, building upon the memorandum of … Read more
Bitcoin began the week hovering around $64,000, remaining detached from a surge in Asian equities as negotiations between the US and Iran progressed towards a potential peace agreement. The token traded around $63,996 on Monday, reflecting a decline of 0.4% over the past 24 hours and a decrease of 2.2% for the week, according to … Read more
Bitcoin climbed to its highest level in nearly two weeks after the US and Iran reached a deal to end hostilities and reopen the Strait of Hormuz, removing the energy-supply fear that had weighed on markets for months. The token traded around $65,844 on Monday, up 2.1% over 24 hours, after touching a low near … Read more
Bitcoin is currently positioned at a level typically seen only towards the end of bear markets, maintaining its stance even in the wake of the most intense U.S. inflation report in three years. Data indicate that BTC has declined towards its 200-week average, a significant four-year trend line closely monitored by long-term holders. The model … Read more
