Bitcoin is trading around a critical support level of 66,321, with traders cautiously optimistic about a rebound while monitoring downside risks if it falls below 65,708. Ethereum shows a similar cautious setup with key support at 2,040 and resistance at 2,072. Market sentiment is marked by 'extreme fear' with a Fear & Greed Index of 8/100, influenced by upcoming Federal Reserve Chair Powell's remarks and geopolitical tensions involving Iran and the Strait of Hormuz. Additionally, Korean exchange inspections add potential short-term volatility, prompting traders to prepare for event-driven price swings rather than clear trends.
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...
