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
US spot Bitcoin ETF flows have regained attention following a hawkish shift in the macroeconomic landscape. Flow data showed a reported net outflow from US spot Bitcoin ETFs for June 18, while market commentary regarding new Federal Reserve Chair Kevin Warsh suggested a more cautious rates environment. The outcome serves as a pertinent reminder that … Read more
Bitcoin price slipped below key support near $64,000 following a hawkish shift from the Federal Reserve, which negated gains associated with easing geopolitical tensions. This development places the market at risk of a deeper pullback toward the $60,000 range. The bitcoin price experienced a decline from its June 17 peak of $66,315, reaching an intraday … Read more
Bitcoin is exhibiting indications of stabilisation following a challenging period, and research firm K33 asserts that the on-chain evidence is compelling. In its latest market report, Vetle Lunde highlighted a record proportion of Bitcoin supply retained by long-term holders — a metric that, historically, has signalled the conclusion of every significant bear market in Bitcoin’s … Read more
While the present levels of loss realisation are sufficient to indicate pronounced bear market conditions, they have yet to attain the severity necessary to establish a clear bottom. In the wake of significant selling pressure that drove bitcoin below $60,000 two weeks prior, analysts have pointed to on-chain data indicating potential seller exhaustion, a notion … Read more
Bitcoin price reached a two-week high on Monday following a U.S.-Iran ceasefire, alleviating one of the market’s most enduring macro concerns. This development propelled crypto-linked equities upward as traders prepare for what they consider the week’s significant challenge: Federal Reserve Chair Kevin Warsh’s inaugural FOMC meeting. Bitcoin price traded near $67,000, reflecting a 4% increase … Read more
While on-chain data indicates a positive perspective, the conditions of demand and the expansion of net supply present a contrasting view. Historical on-chain data indicate that bitcoin might be approaching a bottom in this bear market; however, demand conditions suggest that the asset still has considerable distance to cover. According to this week’s report, the … Read more
Geoff Kendrick stated on Friday that the crypto market has reached its cycle low, with Bitcoin’s recent decline to around $59,000 indicating the lowest point of the current downturn — a 53% drop from its all-time high of $126,000 in October. “Winter is over. Welcome back to crypto spring,” Kendrick wrote in a Friday note, … 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