Bitcoin surged nearly 7% in the week ending July 5, marking its best performance since March, driven by a muted U.S. inflation outlook. The two-year inflation breakeven rate fell below 2%, the Federal Reserve's target, signaling expectations of lower inflation and reducing the likelihood of further interest rate hikes. This shift has weakened the U.S. dollar and strengthened bitcoin, which typically moves inversely to the dollar. However, some analysts caution that inflation pressures remain structurally high, suggesting the Fed may keep rates elevated despite falling oil prices. Investors will closely watch the U.S. consumer price index report on July 14 for confirmation of these trends.
Bitcoin developer Luke Dashjr has dismissed calls to cancel BIP-110, a controversial proposal aiming to temporarily limit non-financial data like Ordinals and Runes on the Bitcoin network. The proposal seeks to preserve Bitcoin's core use as a peer-t...
Bitcoin surged nearly 10% from its July 1 low, climbing close to $64,000 after weak US jobs data lowered expectations for Federal Reserve rate hikes. The rebound was supported by a return of ETF inflows, easing oil prices, and a short squeeze. Key re...
Bitcoin's price has surged more than 10% since early July, breaking out from a falling wedge pattern and surpassing the 200 SMA as support. However, the rally lacks strong volume backing and the price has yet to make a higher high, indicating potenti...
Bitcoin and Ethereum prices rose by 1.20% and 1.32% respectively, boosting overall crypto market sentiment despite a decline in decentralized finance (DeFi) trading volume. Large-cap altcoins mostly gained, with Bitcoin dominance increasing to 58%, i...
Bitcoin held above $63,000 with a 5.5% weekly gain, while Ether led major cryptocurrencies with a 12.4% surge. Other tokens like HYPE and Solana also posted notable increases despite a strong dollar. Equity futures rose following record highs, with t...
