Bitcoin surged from the $60,000–$65,000 range to nearly $80,000 following a historic short squeeze that liquidated over $4 billion in bearish positions, fueling a rapid price increase. This breakout above $67,000 marks a strong rally but not yet a confirmed bull market, as Bitcoin now faces critical resistance between $82,000 and $84,000. A sustained move above this level with solid volume and support could signal a new bullish phase, while failure to break through may lead to a correction or continuation of the broader bearish trend. Investors are advised to watch this key resistance zone for confirmation before assuming the market structure has shifted.
U.S. spot Bitcoin ETFs attracted nearly $1 billion in inflows during the week ending August 28, marking nine consecutive days of net inflows. Despite this strong institutional demand, Bitcoin's price failed to sustain above $80,000, retreating to jus...
Bitcoin fell below $77,000 and Ethereum dropped under $2,400 amid renewed US-Iran conflict, which caused oil prices to surge above $94 and increased US Treasury yields to about 4.79%. This geopolitical tension heightened inflation concerns and expect...
Bitcoin has maintained its price above $79,000 following a significant rally of nearly 25% throughout August. This strong performance reflects growing investor interest and confidence in the cryptocurrency market. Additionally, Bitcoin's spot trading...
Bitcoin traded near $77,500 on September 1, down 1.6% after hitting an intraday high of $79,225. The decline was driven by rising oil prices and higher US bond yields, which increased concerns over potential Federal Reserve rate hikes. Despite strong...
The cryptocurrency market demonstrated resilience despite macroeconomic challenges, with institutional investors increasing capital in major altcoins like Solana and XRP. Bitcoin remained stable near $82,000 after a strong rally, while altcoins outpe...
