Bitcoin has surged over 19% in just over a month, breaking above $80,000 amid rising inflation signals like high oil prices and commodity indexes. Traditionally, rising inflation and higher interest rates would pressure Bitcoin as investors favor safer assets, but Bitcoin's rally suggests it may be transitioning from a risk asset to an inflation hedge. This shift is supported by $4.45 billion inflows into U.S. spot Bitcoin ETFs since March and endorsements from notable investors like Paul Tudor Jones. However, Bitcoin's correlation with rising U.S. equities complicates the narrative; the true test will come if Bitcoin holds or rises during a stock market downturn, confirming its inflation hedge status.
Bitcoin has remained stable above $63,000 and gained about 6% in July despite declines in AI-related tech stocks. Ahead of the Federal Reserve's upcoming decision, markets are divided on whether rates will rise, with a 70% chance of no change and 30%...
Bitcoin dropped about 2.5% to near $63,327 as traders reduced risk ahead of the Federal Reserve's interest rate decision. US spot Bitcoin ETFs saw $11.64 million in net outflows, adding selling pressure alongside leveraged liquidations. Technical ind...
Ethereum (ETH) has outperformed Bitcoin (BTC), gaining over 19% compared to Bitcoin's 5% increase, supported by three bullish signals: the ETH/BTC ratio hitting a three-month high, the clearing of Ethereum's validator exit queue, and consistent posit...
The Federal Reserve's upcoming rate decision has markets divided, with CME FedWatch showing a 31.5% chance of a rate hike and 68.5% chance of holding rates steady. Bitcoin has fallen nearly 2% ahead of the announcement, trading near $63,700, down 46%...
Bitcoin failed to sustain its breakout above the $66,000 resistance and 200-week EMA, confirming a false breakout and reinforcing a bearish outlook. The price is now trading between $66,000 and $60,000, with $60,000 as a key support level. If $60,000...
