Bitcoin is trading around $78,127, showing optimism to surpass $80,000 despite underperforming compared to previous cycles since 2012. The 2024 cycle has seen less volatility and smaller price gains, influenced by factors like the Spot Bitcoin ETF launch, Fed rate uncertainty, geopolitical tensions, and regulatory changes. On-chain metrics show mixed sentiment with bearish traders dominating but some signs of small profits and neutral fear-greed index hinting at potential bullish momentum. However, demand remains fragile, leaving the full bull cycle uncertain.
Bitcoin has bounced back to around $67,000 after dipping to $60,000, supported by increased on-chain buying. However, the options market shows a negative gamma exposure near this level, which tends to amplify price swings rather than stabilize them. ...
Bitcoin has surpassed the key resistance level of $64,360, signaling strong buyer control and bullish momentum. The price currently trades around $66,153, with increased trading volume and technical indicators like MACD and CMF supporting continued u...
Jordi Visser, president of Weiss Multi-Strategy Advisers, acknowledges that Bitcoin is currently unpopular and trading below its 200-day average, causing investor hesitation. However, he remains bullish on Bitcoin's long-term value, especially as AI ...
A cryptocurrency wallet linked to BitMEX co-founder Arthur Hayes purchased 3,000 ETH worth about $5.42 million following a US-Iran peace agreement that improved market sentiment. This move aligns with Hayes' bullish outlook on Ethereum despite his re...
Bitcoin jumped above $66,000, with Ethereum, XRP, and Dogecoin also rising up to 13% following a U.S.-Iran peace agreement that increased investor risk appetite. Despite significant trader liquidations totaling over $600 million in 24 hours, spot Bit...
