Bitcoin has surged past the $80,000 mark despite major banks scrapping forecasts for Federal Reserve rate cuts this year due to persistent inflation pressures, particularly from high energy prices linked to geopolitical tensions. While higher interest rates typically weigh on risk assets, bitcoin appears increasingly viewed as an inflation hedge, supported by inflows into spot ETFs and selective strength in altcoins. Technical indicators suggest bitcoin is testing key resistance levels near $81,500 and $84,000, with a decisive breakout potentially driving prices higher, while sentiment remains cautiously optimistic at a neutral midpoint. This resilience highlights bitcoin's growing detachment from traditional macroeconomic factors and signals potential for further gains if it surpasses critical technical thresholds.
Cryptocurrency markets display varied performance with Bitcoin priced at $66,801, up 4.35%, and Ethereum rising significantly by 9.77% to $1,824.49. Other notable increases include XRP, SOL, and ADA, reflecting growing investor interest. These moveme...
Bitcoin's recent drop to around $60,000 triggered strong buying from large investors, or whales, while retail investors held back. This buying pressure quickly pushed the price back up to $66,000. On-chain data from Glassnode shows a synchronized acc...
Japanese cryptocurrency exchange bitFlyer announced it will start listing Solana (SOL) on June 24, allowing users to easily buy and sell the token. This listing is significant as bitFlyer is one of Japan's largest exchanges, providing Solana greater ...
Brian Armstrong, CEO of Coinbase, expressed his belief that bitcoin has likely found its bottom around $60,000, referencing the cryptocurrency's historical four-year cycle. Despite recent price drops, Armstrong remains bullish, calling bitcoin "the n...
The CoinDesk 20 Index rose 5.9% since Friday, driven by strong gains in Bittensor (TAO), which surged 31.9%, and Near Protocol (NEAR), up 22.2%. All 20 assets in the index traded higher, with the smallest gains seen in Binance Coin (BNB) and Bitcoin ...
