The March Consumer Price Index (CPI) showed inflation at 3.3%, just below the 3.4% forecast, with core CPI easing to 2.6%. Despite softer-than-expected inflation readings, this is the highest level since May 2024, largely priced in due to earlier oil price shocks from geopolitical tensions. Bitcoin responded positively, rising 1.63% and challenging the $75k resistance, supported by strong ETF inflows and a shift from gold to Bitcoin as a relative safe haven. Analysts see potential for Bitcoin to reach $80k, with further upside possible if regulatory clarity improves, reflecting sustained investor demand and resilience against macro risks.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
