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
The past week revealed another intriguing discrepancy between the funds tracking both assets. Despite Thursday recording the highest daily net outflow in four months, exceeding $600 million, the spot Bitcoin ETFs concluded the week with positive performance. The same cannot be said about their Ethereum counterparts, which have experienced declines for the fourth consecutive week. … Read more
On Thursday, Bitcoin’s price briefly fell below $80,000 in response to U.S. inflation data that exceeded expectations. The price of the largest cryptocurrency recently reached $81,028, having declined to a low of $79,805 on Thursday morning in New York. Over a 24-hour period, it has declined by just over 1% following a recovery. However, in … 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
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
Bitcoin is currently valued at approximately $84.7K, following a robust rebound from the $60K range in recent months. The charts indicate an enhancement in market structure; however, BTC is nearing a critical resistance cluster at $88K. Meanwhile, futures taker flow has shifted back to being predominantly buyer-driven, offering a constructive momentum signal. However, the price … Read more
Bitcoin is experiencing one of its most successful quarters to date – further evidence that the leading cryptocurrency is in a bull market. As highlighted by The Kobeissi Letter this week, the price of bitcoin has increased by nearly 30% since August 19, coinciding with the U.S. Treasury’s announcement regarding plans to significantly expand its … Read more
Bitcoin traded predominantly within the $84,000 to $85,000 range on Friday, until a sudden spike in volatility caused its price to approach $83,000. After experiencing a decline in momentum subsequent to its second breach of $87,000 earlier in the week, bitcoin steadily relinquished the majority of its gains from Monday, during which it had surged … 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
The Bitcoin bulls have returned, assuming the ETF flows are credible. On Monday, U.S. bitcoin exchange-traded funds attracted $999 million in new investments, as reported by data. That represents the highest inflow in a single day since October 6, when the funds accumulated over $1.2 billion and the price of the leading cryptocurrency reached a … Read more
