Bitcoin held above $63,000 following cooler-than-expected inflation data, easing fears of aggressive Federal Reserve tightening and boosting crypto market sentiment. Ethereum, XRP, and Dogecoin also rose over 2.5%. Analyst Ali Martinez highlighted Bitcoin's potential breakout from a symmetrical triangle pattern, with key resistance at $63,000 and support at $61,000, suggesting a possible 10% move depending on breakout direction. Despite recent liquidations and ETF outflows, Bitcoin's price remains above its estimated electrical production cost, indicating stability unless a major market shock occurs.
Bitcoin price recovered above $63,000 after Donald Trump announced the cancellation of planned U.S. strikes on Iran and progress toward a peace agreement. This news reversed losses caused by hotter-than-expected U.S. producer inflation data, which ha...
Bitcoin ETFs have experienced significant outflows totaling about $1.7 billion in the past week and over $5.4 billion in the last month, signaling institutional de-risking amid inflation, interest rate worries, and geopolitical tensions. Despite Bitc...
On June 11, 2026, President Trump escalated tensions by threatening to take control of Iran's Kharg Island, a key oil export hub, raising geopolitical risks. Simultaneously, the U.S. reported a 6.5% annual rise in the Producer Price Index, signaling ...
Bitcoin price briefly rose to around $63,150 before falling back to about $62,800 following the release of the US May Producer Price Index (PPI), which showed inflation at 6.5%, the highest since November 2022 and above expectations. This hotter-than...
Bitcoin's price plunged from $82,000 to around $62,000 in two weeks, causing Strategy to report a $14 billion operating loss in Q1 2026. Critics warn that Strategy's debt-fueled Bitcoin buying strategy, led by Michael Saylor, may fail, with concerns ...
