Bitcoin price remained above the key $80,000 support level despite brief volatility triggered by hotter-than-expected U.S. CPI data. Traders believe the inflation data was largely priced in, limiting downside risk, while on-chain signals indicate early bull market momentum for the first time since March 2023. Market focus is shifting to the upcoming U.S. CLARITY Act, seen as a major catalyst for institutional adoption and regulatory clarity. Bitcoin faces resistance near $82,300 and $85,000, with strong support at $80,000; a decisive break above resistance could lead to further gains, while a drop below support might expose deeper declines.
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...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
