Bitcoin remains stable around $64,700 despite escalating Middle East tensions following an attack by Yemen’s Iran-linked Houthis on Saudi Arabia, which has driven Brent crude oil prices above $83 a barrel. This geopolitical unrest has also boosted gold prices by 1.5% to $4,300 per ounce as investors seek safe havens. Meanwhile, Treasury yields hold at 4.67%, suggesting tighter financial conditions that could limit near-term rate cuts and weigh on risk assets like bitcoin. Crypto markets show cautious trading ahead of the U.S. payroll report, with mixed signals in futures and options activity.
In August, the S&P 500 surged 3.12%, adding about $2.1 trillion in market value, driven mainly by AI and semiconductor stocks. Bitcoin, however, gained only 2%, trading near $64,600, as it lacks exposure to these sectors and faces additional pressure...
Financial analysts highlight five cryptocurrencies as core components for a balanced long-term investment portfolio. Bitcoin serves as a stable foundation due to its limited supply and institutional acceptance. Ethereum leads in smart contract and De...
Bitcoin fell 0.69% to around $64,384 after hitting resistance near $64,800–$65,000, pressured by strong US labor market data showing jobless claims below expectations and increasing odds of a Fed rate hike in September. Rising crude oil prices and ge...
Bitcoin whales holding between 10 and 10,000 BTC have accumulated over 20,000 BTC worth $1.2 billion since late July, while U.S. spot bitcoin ETFs have drawn $754 million in inflows this week, marking their strongest week since April. Despite this si...
Bitcoin's price is forming a potential bullish inverse head-and-shoulders pattern on its daily chart, which could push prices up to $76,000 if confirmed. This pattern, typically signaling a trend reversal, is not yet confirmed and depends on Bitcoin ...
