Bitcoin has entered a bearish channel after slipping below key support near $72,000 amid over $2.4 billion in spot ETF outflows, rising oil prices above $90, and renewed US-Iran military tensions. These factors have increased market uncertainty and selling pressure, weakening institutional demand and pushing Bitcoin down nearly 10% from May highs. Analysts warn that if Bitcoin breaks below $72,650, it could fall further to a major support zone between $54,300 and $51,000. A recovery depends on regaining resistance near $75,600 and easing geopolitical risks, particularly a potential US-Iran ceasefire agreement that could stabilize energy markets and risk assets.
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...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
