Bitcoin has exhibited a lacklustre performance relative to other “risk-on” assets this year — and if historical trends hold, its price may decline to as low as $38,000 by October. According to a recent report, the current decline in the asset can be attributed to supply mechanics rather than risk sentiment. Bitcoin’s price has historically … Read more
Bitcoin prices experienced a notable rally on Friday, July 10, nearing the $65,000 mark as various factors played a role in the digital currency’s ascent. The world’s most prominent cryptocurrency rose to more than $64,600, according to data. At this juncture, it had ascended over 15% after being valued at under $58,000 on July 1. … 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 price has plummeted below $60,000, reaching levels not observed since October 2024 and wiping out months of gains in just a few days. At this time, bitcoin price trades at $59,566 — down more than 10% in 24 hours and roughly 53% off its all-time high of $126,277 set last October. The decline has … 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 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
Bitcoin spot ETFs have experienced net outflows for 17 out of the last 19 days, with investors withdrawing a total of $5.6 billion from these products during this period. The numbers have pushed year-to-date flows for US-traded Bitcoin ETFs into negative territory, landing at negative $2.17 billion. Analyst James Seyffart highlighted the 13-day outflow streak, … Read more
Bitcoin price has plummeted to its lowest level in months on Wednesday night, crashing below $62,000 and erasing a significant intraday loss of over $5,300 — a decline of nearly 8% in just 24 hours. This downturn comes as a perfect storm of institutional exodus, leverage liquidations, geopolitical fear, and a notable sale by Michael … Read more