Bitcoin has dropped nearly 18% in a week due to heightened market fear and expectations of a US interest rate hike in September, driven by persistent inflation and geopolitical tensions. The Fear and Greed Index shows extreme fear, and Bitcoin is retesting key support around $60,000. Historical patterns suggest Bitcoin could either bounce back strongly, potentially reaching $100,000 in three months and $200,000 in 12-18 months, or face a further 40% decline before recovery. Investors should watch for a strong rally to confirm a bottom is forming.
James Wo, CEO of crypto investment firm DFG, argues bitcoin has stronger institutional support and safe-haven status than ether, which he believes won't reach new all-time highs soon. Wo points out that Ethereum's value is diluted by Layer-2 networks...
BlackRock sold $213 million worth of Bitcoin shortly after a recent purchase, signaling a return to selling amid ongoing market volatility. This move followed a brief inflow in its Bitcoin ETF, which had raised hopes of a market bottom. Analysts note...
Ethereum dropped nearly 22% over a week, falling from $1,700 to $1,545 and triggering massive liquidations of $468 million. This decline dragged total altcoin market capitalization below $880 billion, reflecting a loss of confidence amid a prolonged ...
The Bhutan government has reportedly sold over $67 million worth of Bitcoin in multiple transactions, coinciding with bearish market predictions that Bitcoin's price could fall to around $48,000. Blockchain data shows significant BTC transfers from B...
Bitcoin experienced a sharp sell-off over the weekend, dropping to a low of $59,100 before buyers pushed the price back above $61,000. The daily Relative Strength Index (RSI) hit a deeply oversold level of 16, indicating that the recent selling press...
