Bitcoin has fallen below $63,000 as the market adopts a more cautious stance, with downward pressure from technology stocks influencing the cryptocurrency sector and compelling traders to reevaluate short-term risk. The move serves as a reminder that Bitcoin’s institutional era has not diminished its sensitivity to broader markets. Spot ETFs, enhanced custody solutions, and increased … Read more
Another Friday has arrived, ushering in yet another Bitcoin and Ethereum options expiry event, coinciding with notable advancements in spot markets. Around 19,500 Bitcoin options contracts are set to expire on Friday, July 17, carrying a notional value of approximately $1.23 billion. This expiry is considerably smaller than typical events, thus it is improbable that … Read more
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 has managed to alleviate the immediate concerns, yet it has not reached a level sufficient to signal a complete resolution. The movement back toward $64,000 provides bulls with a more advantageous position, while the subsequent supply band around $65,000 offers sellers an opportunity to assess that confidence. That represents the prevailing tension in the … Read more
Bitcoin remained stable at approximately $63,800 on Monday, as gold, oil, equities, and government bonds experienced declines following the U.S.’s fourth round of strikes on Iran within a week. The largest cryptocurrency experienced a decline of 0.3% over the past 24 hours, while reflecting an increase of 2% for the week. The traditional market reaction … 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 traded near $62,000 today, giving back some of the gains from a rebound that had lifted it to $64,000 from last week’s bear-market low of $57,700. The pullback maintains the price above the $60,000 level regarded by CryptoQuant as support, although it reduces a recovery of approximately 11% from the lowest point. The dip … Read more
Bitcoin reclaimed $64,000 on Tuesday, just hours after it dipped to $62,800, maintaining its July upward momentum. Market data indicates that the cryptocurrency initially surpassed the $64,000 threshold late Monday afternoon, posing a potential challenge to reach $64,700. Shortly after reaching a 24-hour high of $64,657, bitcoin commenced a downward trajectory that almost completely negated … Read more
Bitcoin prices experienced an upward trajectory during the initial days of July, reflecting an increase in confidence surrounding the digital asset. The cryptocurrency’s price increased from approximately $58,250.00 on July 1 to nearly $64,000 on Monday, July 6, according to data. Several analysts noted a lacklustre U.S. jobs report and the impact of its data … 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