Bitcoin derivatives investors are paying a high premium for downside protection, signaling market panic. This bearish sentiment may reverse if U.S. core personal consumption expenditure (PCE) inflation data, due Thursday, shows inflation cooling, reducing the likelihood of further Federal Reserve rate hikes. Bitcoin recently rebounded from a 20-month low near $59,000 to about $61,500. Meanwhile, oil prices have fallen sharply, which may lead to lower inflation readings and support a positive shift in bitcoin's price. Investors should also watch for volatility in related stocks like Strategy's MSTR and AI sector shares.
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...
