Bitcoin has dropped 19% in the past month due to worsening macroeconomic conditions and hawkish comments from the new Federal Reserve Chair suggesting possible rate hikes. The price recently broke its trend line support and is expected to retest the $60,000 level soon. If Bitcoin falls below this key support, it could decline by around 17% to $50,000. Despite the negative sentiment, large Bitcoin holders (whales) have not been selling significantly, indicating uncertainty about the market's direction. Holding above $60,000 could lead to a recovery and retest of the 200-day moving average, supporting a potential bullish trend over the next 6 to 12 months.
Money Simpler has introduced an AI-powered quantitative trading platform that allows investors to earn additional returns from holding cryptocurrencies like Bitcoin (BTC) and XRP beyond just price appreciation. The system offers automated trading str...
Crypto markets experienced $298 million in leveraged liquidations, primarily in Bitcoin and Ethereum, alongside $90 million in outflows from U.S. spot Bitcoin ETFs. This reflects a broader trend of risk reduction and deleveraging across major cryptoc...
Macro strategist Michael Gayed dismissed the idea that Shiba Inu (SHIB) could ever hit $1, explaining that its market capitalization would need to surpass the entire global dollar supply to reach that price. Gayed's blunt response highlights the unre...
Franklin Templeton has filed with the SEC to launch two new ETFs that allocate 95% to U.S. equities and 5% to bitcoin, using corporate dividends to buy bitcoin exposure. This innovative structure aims to create a steady, automatic demand for bitcoin ...
Bitcoin fell below $63,000 due to delayed US-Iran peace talks, a cautious Federal Reserve stance, and a strong US dollar, which pressured risk assets. Institutional support weakened as US spot Bitcoin ETFs saw $2.26 billion in outflows in June. Techn...
