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.
A Bitcoin address that had been inactive since June 2011 suddenly moved 8.54 BTC, now worth about $538,000, marking a gain of approximately 461,981% from its original value. The wallet's activation is notable as it dates back to the early days of Bit...
Bitcoin remains steady around $63,300 after facing resistance near $64,400, showing little reaction to recent CPI data. Meanwhile, altcoins HYPE and ZEC are leading gains, signaling selective strength in the crypto market. However, bearish futures po...
Tom Lee, co-founder of Fundstrat and chairman of BitMine, expects Ethereum to significantly outperform Bitcoin in the coming years. He highlights that Ethereum's next growth phase could be driven by asset tokenization and agentic AI applications, sur...
A leading on-chain analytics platform has identified a second early bull signal for Bitcoin, indicating a potential price bottom forming as an uptrend begins. This signal follows an initial bull signal that preceded a price decline, suggesting a new ...
Bitcoin rose above $64,000 for the first time since August 11, gaining nearly 2 percent due to softer US inflation data and reports of a US-Iran truce extension, though the peace deal remains unconfirmed. The price increase began before the news brok...
