Yesterday Bitcoin trading at $87,783.63, significantly lower than its peak of $126,000 reached in October. This price shift has reignited discussions throughout the markets. As gold and silver prices rise, the decline in crypto prices may signal the onset of a more profound bear market or merely a temporary halt before potential long-term gains. The … Read more
Bitcoin is currently maneuvering through a tough market environment, marked by a delicate range and considerable overhead supply. The cryptocurrency’s price has encountered resistance close to $93,000, while support has been pinpointed around $81,000, establishing a critical battleground characterized by these significant levels, as reported. Bitcoin’s present trading range indicates a structurally delicate market, with … Read more
Bitcoin’s price remained steady above $87,000, while market sentiment took a hit, with the Crypto Fear and Greed Index dropping to 11 out of 100, indicating a state of extreme fear among investors. As of this moment, bitcoin is priced at $87,696, reflecting an approximate 2% increase, based on market data. Despite the modest rebound, … Read more
Bitcoin’s price appears to be sluggish as we move into this week. Last week, prices faced another rejection at the $94,000 resistance level. The bulls struggled to find any momentum as the price continued to decline into Sunday, ultimately closing at $88,170. This week, the bears are aiming to breach the $84,000 support level, potentially … Read more
Michael Saylor indicated that his firm might increase its Bitcoin holdings as the market experienced another downturn on Sunday, a development that left traders anxious and sparked renewed discussions about the factors behind the declines. In a recent post on X, Saylor unveiled a chart featuring the phrase “Back to More Orange Dots,” which investors … Read more
In November, corporate Bitcoin treasuries encountered mark-to-market losses, as revealed in a report. The report, which analyzes over 100 companies, provides a detailed examination of the impact that last month’s price drop had on public company holdings. In late November, Bitcoin experienced a brief dip, falling below the $90,000 mark, and the downturn has driven … Read more
Bitcoin price skyrocketed past $94,000 yesterday after the Federal Reserve implemented a 25-basis-point rate cut. The Federal Reserve has reduced its benchmark interest rate to a range of 3.50%–3.75%. This move aims to bolster maximum employment while managing inflation, which remains somewhat elevated, all against the backdrop of moderate economic growth and a slowdown in … Read more
Bitcoin is demonstrating a recovery trend, currently stabilizing around $91,000 after bouncing back from the mid-$80,000 range, as highlighted in an analysis. This resurgence establishes a cautiously optimistic sentiment after last week’s decline, as buyers are stepping in at reduced price points. Nonetheless, the overall market sentiment continues to show inconsistency across multiple indicators, including … Read more
Bitcoin is currently at a pivotal juncture, teetering between two significant price levels that may dictate its forthcoming trajectory. Buyers and sellers are engaged in a fierce contest, with the market poised for a critical breakout. A breakthrough above crucial resistance may pave the way to $107,000, whereas a failure at support could lead to … Read more
Bitcoin price experienced a significant drop, falling into the $88,000s yesterday, marking a decline of over 4%. The cryptocurrency is currently hovering close to its seven-day low of $88,091, sitting approximately 4% beneath its seven-day high of $92,805. Bitcoin’s global market capitalization currently sits at $1.77 trillion, accompanied by a 24-hour trading volume of $48 … Read more