Bitcoin has rebounded to around $63,000 following a relief rally after hitting oversold levels, with Ethereum, XRP, and Dogecoin also rising by about 3%. Despite this bounce, analysts warn the recovery may be shallow, as Bitcoin faces resistance near $71,000-$72,000 and could trade sideways for months. Market panic eased after Michael Saylor increased his Bitcoin holdings, reducing fears of large-scale sales. The market is expected to consolidate before a stronger uptrend can develop.
Cryptocurrency prices are fluctuating with Bitcoin trading around $78,455, slightly down by 0.84%. Ethereum is up marginally by 0.22%, while other major coins like XRP and ADA have seen significant declines of over 4-6%. These mixed movements reflect...
CryptoQuant reports Bitcoin and the crypto market may be entering a new bull phase following a 24% price surge to nearly $80,000. This optimism is driven by positive macroeconomic factors, including increased U.S. Treasury bond buybacks and potential...
Investment bank Bernstein forecasts Bitcoin rising to $150,000 by mid-2027 and $300,000 by 2029 due to debt crises and institutional demand. However, Charles Edwards warns this is only feasible if Bitcoin Core developers implement quantum-resistant c...
Bitcoin fell below $78,000 after U.S. July inflation data showed higher-than-expected Personal Consumption Expenditures, signaling persistent inflation above the Federal Reserve's target. This raised fears that the Fed may need to maintain tighter mo...
Cryptocurrency markets saw a general decline with Bitcoin trading near $77,968, down 1.83%. Ethereum and Binance Coin also fell by over 1%, while XRP and Dogecoin experienced sharper drops of nearly 7% and 5.3% respectively. Stablecoins remained stea...
