Bitcoin rose approximately 1% to around $78,600 during the early hours of Monday in Asia, marking its third consecutive day of gains, as investors in the region resumed risk-taking following Friday’s decline in U.S. technology stocks. ZEC led the majors, climbing 3% to nearly $1,280. Ether and BNB each experienced an increase of nearly 2%, … Read more
Bitcoin’s decline has intensified, now approaching the $77K region, following the loss of the $80K support area by buyers. The price is currently evaluating a significant daily demand zone, with on-chain data indicating that it is nearing the average cost basis of recent holders. On the daily timeframe, Bitcoin has decisively breached the midpoint of … Read more
Bitcoin price found stability above $77,000 after a marketwide sell-off that was instigated by Thursday’s $6.3 billion hack of Binance, which momentarily pushed the cryptocurrency down to approximately $76,000, marking its lowest point since August 21. The downturn occurred soon after bitcoin neared $82,000 earlier Thursday, propelled by robust U.S. gross domestic product data. According … Read more
Bitcoin climbed nearly 2% to just under $81,000 as of Wednesday morning in Asia, recovering from the weekend’s dip to nearly $79,000 as traders prepared for the Federal Reserve’s rate decision later in the day. ZEC led the majors, increasing by 8% to approximately $1,320, thereby reclaiming the $1,300 threshold following Monday’s selloff. HYPE increased … Read more
The price of bitcoin declined on Wednesday following the release of data indicating that U.S. consumer prices increased more than anticipated in September, primarily driven by escalating petrol prices. The largest cryptocurrency by market capitalisation was recently trading at approximately $82,827, having experienced a decline of nearly 1% over the past 24 hours. On Wednesday … Read more
Bitcoin takes back $83,500 on Monday after a sharp correction, with the Crypto King slipping below $81,000 the previous week. Ethereum and Ripple followed Bitcoin’s trajectory, recovering and reclaiming the $2,500 and $1,400 levels after a pullback last week. The price action of these top three cryptocurrencies indicates that upside traction is diminishing, even as … Read more
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
Bitcoin experienced a decline of approximately 1.5%, settling just above $84,200. This movement coincided with a rise in oil prices, attributed to increased Iranian assaults on tankers in the Strait of Hormuz, which in turn elevated Treasury yields and strengthened the dollar. DOGE led the losses among the major cryptocurrencies, declining by 5% to approximately … Read more
Investors acquired more than $241 million in U.S. bitcoin exchange-traded funds last week, marking the third consecutive week of inflows that has contributed to maintaining the price of the leading cryptocurrency during the onset of what is referred to as “Uptober.” Data indicates that capital flowed into the popular funds daily, with the exception of … 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
