Bitcoin surged about 25% this week, reaching nearly $80,000 following the US Treasury's expansion of its long-term bond buyback program from $2 billion to $4 billion per operation. This move helped lower 30-year Treasury yields, easing pressure on markets and triggering forced liquidation of around $4 billion in short cryptocurrency positions. The rally was also supported by $1.6 billion inflows into US spot Bitcoin ETFs, with total ETF assets surpassing $85 billion. Analysts view this as a potential end to the bear market if Bitcoin sustains above the $78,000-$80,000 resistance zone, despite Treasury yields still near 5%.
Bitcoin (BTC) experienced a significant bullish crossover on its weekly chart as the 13-week exponential moving average surpassed the 34-week average for the first time in 3.5 years. This crossover, noted on October 12, 2026, indicates a potential up...
Bitcoin is trading near $84,000 as of October 12, recovering from a dip to $81,000 despite significant outflows of about $680 million from U.S. spot Bitcoin ETFs last week. This rebound occurs ahead of the key U.S. inflation report, which could influ...
Bitcoin's price briefly rose to $84,280 before retreating to around $83,700, testing a key support level near $83,000. While the overall trend remains bullish with a likely upward breakout, short-term price action shows uncertainty with a possible co...
Bitcoin's price hovered around $82,550 to $83,000 on Oct 12, 2026, facing resistance near $84,000 and support at $82,500. Technical indicators show neutral to slightly bearish momentum, with bitcoin struggling to break above $84,000 but maintaining k...
The total cryptocurrency market capitalization fell by 2.88% to $2.81 trillion on October 12, driven mainly by a slight decline in Bitcoin, which traded down 0.48% at $82,690. Meanwhile, Ether and several major altcoins like Solana and Dogecoin poste...
