Bitcoin's price dropped below $66,000, erasing its March gains and hitting a multi-week low due to ongoing geopolitical tensions between the US, Israel, and Iran, alongside weakness in US stock markets. The cryptocurrency lost nearly $10 billion in market value, contributing to a broader crypto market decline to $2.36 trillion. The prolonged conflict and uncertainty, including the rejection of a US ceasefire proposal by Iran and rising oil prices, have increased fears of a global recession and market volatility. Since January 1, Bitcoin has lost over 25% of its value, challenging its reputation as "digital gold" and making it one of the worst-performing risk assets in 2026 so far.
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'...
