Bitcoin showed resilience with only a 1.6% drop to $74,335 after Iran reimposed controls on the Strait of Hormuz, a key geopolitical flashpoint. This contrasts with a 5.7% surge in Brent crude and declines in European equity futures, reflecting renewed U.S.-Iran tensions including threats and naval actions. Bitcoin's smaller sell-offs in successive Iran-related crises suggest it may have largely priced in geopolitical risks, potentially acting as a shock absorber. Traders will watch if bitcoin holds key support levels around $74,000 amid ongoing Middle East risks, which could reinforce its role as a geopolitical hedge.
NYDIG projects Bitcoin might fall to $38,000-$39,000 by October 2026 if the current 2025-26 market decline matches the depth of the 2022 bear market. Bitcoin is currently trading near $64,500, down about 30% this year and roughly 50% below its Octobe...
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
