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Bitcoin demand weakens as Coinbase premium index stays negative for 90 days, price nears $63K with key resistance at $63,400.

Market News
16 Aug 2026
Blockonomi
View Source
Neutral
Bitcoin demand weakens as Coinbase premium index stays negative for 90 days, price nears $63K with key resistance at $63,400.

The Coinbase Bitcoin Premium Index has remained negative for 90 consecutive days, signaling weaker U.S. buying demand or stronger selling pressure on Coinbase compared to Binance. Despite this, Bitcoin's price holds near $63,000, with market sentiment cautious as indicated by the Crypto Fear and Greed Index at 34. Analyst Michaël van de Poppe identifies $63,400 as a critical resistance level, where a breakout could push prices above $64,600. Meanwhile, Crypto Rover's cycle analysis suggests a potential Bitcoin bottom before October, based on historical market cycles, though this is not a price prediction but a pattern observation.

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Cardano Foundation gets first-ever blockchain-attested audit from Grant Thornton Switzerland

Cardano Foundation gets first-ever blockchain-attested audit from Grant Thornton Switzerland

Grant Thornton Switzerland has officially attested the Cardano Foundation's 2025 financial statements directly on the Cardano blockchain, marking the first time a major crypto organization has received an on-chain auditor's signature. This audit, dat...

Protocol Fundamentals
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Bitcoin price falls 2.1% after US jobs data boosts Treasury yields and weakens risk appetite

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Bitcoin briefly rose above $82,000 on September 4 but then dropped 2.1% to around $79,560 after stronger-than-expected US employment data raised Treasury yields and the likelihood of a Fed rate hike. This weakened demand for risk assets like Bitcoin,...

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Bitcoin tests crucial $78,000 support after dropping nearly 4% from $82,281 peak

Bitcoin tests crucial $78,000 support after dropping nearly 4% from $82,281 peak

Bitcoin fell nearly 4% from its recent high of $82,281 to around $79,000, testing a key support level at $78,000. This support will determine if the recent bullish breakout holds or if prices could drop further toward $74,081. The prior rise was part...

Market News
Neutral
6 hours ago
Bitcoin drops below $78,700 wiping out $295M in long positions after strong US jobs data.

Bitcoin drops below $78,700 wiping out $295M in long positions after strong US jobs data.

Bitcoin surged past $82,000 before sharply falling below $78,700, erasing nearly all gains after strong US employment data reduced expectations for a Federal Reserve rate cut. This sudden reversal triggered over $295 million in long position liquidat...

Market News
Bearish
6 hours ago
Bitcoin-gold correlation hits 6-year high as Bitcoin nears $85K amid investor flight to safe assets.

Bitcoin-gold correlation hits 6-year high as Bitcoin nears $85K amid investor flight to safe assets.

Bitcoin's price rose nearly 1% to around $79,262 on September 4, extending a one-month rally of about 23%. Simultaneously, gold prices climbed sharply, pushing their correlation to the highest level in six years. This trend reflects growing investor ...

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7 hours ago
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