Bitcoin is facing a potential decline below $60,000 in August, driven by historical patterns during US midterm election years where it averaged a 13.6% drop. Technical analysis shows a bearish pennant pattern that could push prices down to around $52,200 if Bitcoin breaks below $61,000–$62,000. Additional macroeconomic risks, including US economic data and geopolitical tensions, may increase selling pressure. Holding above $60,000 could support a rebound toward $65,000–$68,000, but a decisive break below this level would confirm a bearish trend.
Bitcoin and ether prices fell slightly on the last day of July, diverging from strong equity gains in Asia and U.S. futures. Despite this, the broader crypto market, represented by the CoinDesk 20 Index, is set for its biggest monthly gain since July...
Bitcoin and Ethereum saw modest price increases while their combined market dominance slightly declined, signaling a potential rotation of capital into major altcoins like BNB, Solana, and XRP. Despite a cautious market tone and a drop in derivatives...
Bitcoin traded near $64,690, up 1.1% after a whale withdrew over 1,250 BTC ($80.94M) from Binance, indicating long-term accumulation. This move, highlighted by analyst Ted Pillows, suggests large holders expect further gains. US Q2 GDP growth missed ...
On July 31, Bitcoin and Ether options worth about $10.43 billion expired, with Bitcoin options totaling $9.6 billion and Ether options $830 million. Bitcoin settled near the $64,000 max pain level, reflecting a concentration of open interest but no s...
The latest cryptocurrency market update reveals mixed price changes among major coins. Bitcoin dropped by 0.77% to $63,738, while Ethereum fell 1.33% to $1,887.75. In contrast, Binance Coin rose 2.43% to $591.76, showing some positive momentum. These...
