Bitcoin fell about 4% over the weekend due to escalating tensions between the U.S. and Iran, including a blockade of the Strait of Hormuz, which triggered a selloff in risk assets. However, it rebounded to $73,400 by Monday's close, alongside gains in other cryptocurrencies and crypto-related stocks. Traditional equity markets also recovered, erasing earlier losses as diplomatic talks hinted at possible de-escalation. Meanwhile, Strategy acquired nearly 14,000 BTC worth $1 billion using preferred stock, signaling continued aggressive bitcoin accumulation despite market volatility. Major banks are set to report earnings this week, which could influence market direction further.
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...
