Bitcoin fell below $60,000, causing $1.48 billion in crypto liquidations, mainly hitting long traders. This drop follows stronger U.S. inflation data, raising expectations that interest rates will stay higher for longer. Bitcoin options worth $9.33 billion are set to expire soon, adding to market volatility. Despite the selloff, some analysts see the $60,000 region as a buying opportunity, while others prepare for further declines. Inflation data showed persistent price pressures, supporting a higher-for-longer rate outlook, which has also led to significant outflows from Bitcoin ETFs and pressure on related equities.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
