Leading cryptocurrencies like Bitcoin and Ethereum dropped sharply as 'Extreme Fear' sentiment returned to the crypto market, with Bitcoin falling below $76,000 and over $300 million liquidated in 24 hours. Meanwhile, major U.S. stock indexes reached record highs, with the S&P 500 and Nasdaq closing at new peaks despite ongoing tensions in the Middle East. Analysts suggest Bitcoin needs to break $80,000 to regain strength and boost liquidity, while Ethereum must reclaim key moving averages to turn bullish. This divergence highlights continued volatility and uncertainty in crypto compared to traditional markets.
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,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
