Bitcoin surged past $63,000 and quickly moved above $64,000 as expectations for a Federal Reserve rate hike in September dropped and the US dollar weakened, making risk assets like Bitcoin more attractive. The rally was supported by reduced selling pressure, with fewer coins on exchanges and less aggressive leverage. However, indicators like volatility-adjusted momentum and spot demand remain weak, raising concerns the breakout may be short-lived. The critical level to watch next is $65,000; a sustained move above it could signal a broader recovery if spot demand and ETF flows improve, otherwise it may just be a temporary relief rally.
Bitcoin price fell below $80,000 following stronger-than-expected US employment data that increased expectations for a Federal Reserve rate hike. The US added 162,000 jobs in August, keeping unemployment steady at 4.1%, which raised the probability o...
Bitcoin dropped nearly 3% from $81,340 to $78,915 following a stronger-than-expected US jobs report, which reduced chances of a Federal Reserve rate cut and increased the likelihood of a rate hike. Despite this pullback, Bitcoin has shown upward mome...
Dash surged 33.6% to $66.55, leading crypto gainers despite Bitcoin falling 1.2% to $79,716. The broader market showed mixed results with altcoins like NEAR also posting gains, while Bitcoin dominance remained high at 59.1%. The Fear and Greed Index ...
Bitcoin's price continues to follow its historical cycle pattern, with drawdowns becoming shallower and rallies smaller over time. Despite recurring claims that "this time is different," new buyers and institutional adoption have yet to break the lon...
Bitcoin fell below $80,000 following a stronger-than-expected U.S. jobs report showing 162,000 new jobs in August, far exceeding forecasts. This unexpected data shifted Federal Reserve rate hike odds to an even 50/50, increasing market uncertainty ah...
