Bitcoin surged past $80,000 for the first time since May 2026, rising about 38% from lows near $58,000 in late June and early July. This rally was supported by $1.9 billion in weekly inflows into U.S. spot Bitcoin ETFs—the highest since October 2025—and U.S. Treasury buyback programs that lowered yields, boosting risk assets. Over $220 million in short positions were liquidated as Bitcoin crossed $80K, and technical indicators suggest the bear market may have ended. Investors now watch upcoming U.S. inflation data for further market direction.
Investment bank Bernstein forecasts Bitcoin rising to $150,000 by mid-2027 and $300,000 by 2029 due to debt crises and institutional demand. However, Charles Edwards warns this is only feasible if Bitcoin Core developers implement quantum-resistant c...
Bitcoin fell below $78,000 after U.S. July inflation data showed higher-than-expected Personal Consumption Expenditures, signaling persistent inflation above the Federal Reserve's target. This raised fears that the Fed may need to maintain tighter mo...
Cryptocurrency markets saw a general decline with Bitcoin trading near $77,968, down 1.83%. Ethereum and Binance Coin also fell by over 1%, while XRP and Dogecoin experienced sharper drops of nearly 7% and 5.3% respectively. Stablecoins remained stea...
Bitcoin fell below $78,000 following U.S. Personal Consumption Expenditures (PCE) inflation data that exceeded expectations, raising concerns about the Federal Reserve's monetary policy. The PCE Price Index rose 0.2% month-over-month in July, above t...
Bitcoin shows signs of short-term profit-taking but strong long-term bullish indicators, with CryptoQuant's Bull Score hitting its highest since October 2025. Bernstein raised its Bitcoin price forecast to $150,000 by mid-2027 and up to $300,000 by 2...
