Bitcoin’s efforts to rebound toward $70,000 have encountered resistance, as the premier cryptocurrency currently stabilizes around $68,281 following a challenging month that saw nearly 28% of its value wiped out. According to a source, the current market structure is stabilizing yet remains unhealthy, as thin participation indicates that the recent bounce is lacking in conviction. … Read more
Recent days have seen US-listed spot Bitcoin ETFs experience net outflows, intensifying the pressure on a market that is already feeling the strain. As reported, Bitcoin was trading at approximately $88,750 in recent updates, reflecting a decline of about 27% from its peak of $125,100 reached on October 5. Reports indicate that a record-sized Bitcoin … Read more
Bitcoin’s recent surge past $90,000 is fueled by short covering and dip buying, as market participants anticipate a rate cut in December, shaping trading strategies. Prediction markets indicate that Bitcoin is likely to stay around the $92,000 mark throughout November, as ETF outflows are constraining any upward movement. Gold prices are on the rise, driven … Read more
Bitcoin price dipped below $104,000 today after a brief rise above $106,000 at the beginning of the week, as traders assessed a combination of macro tailwinds and technical challenges — notably President Donald Trump’s proposal to distribute $2,000 “tariff dividend” checks to Americans. The policy, revealed on Sunday via Truth Social, aims to provide a … Read more
Strategists indicate that Bitcoin seems to be undervalued when compared to gold, particularly after a significant sell-off in October that was fueled by leveraged liquidations and overall market chaos. Bitcoin experienced a significant decline of over 20% last month, following its peak at an all-time high of $126,000. This downturn was linked by Nikolaos Panigirtzoglou … Read more
Bitcoin price has surged back to over $103,000 today after dipping below $100,000 on Tuesday — marking its lowest point since June — as the market faced intense fear. The decline occurred in the context of significant selling pressure, ETF outflows, and a resurgence of macroeconomic uncertainty. Earlier this week, nearly $1.8 billion was withdrawn … Read more