Bitcoin is trading just below the key resistance level of $62,700 and above support around $61,300–$61,900, indicating a consolidation phase after a sharp pullback from its all-time high. The market shows a balance between buyers and sellers, with a significant supply zone creating resistance that Bitcoin must overcome for a sustained rebound. Traders are watching whether BTC can break above this overhead supply to signal improved risk appetite or if it will fall back to test lower support near $60,100. Despite being down about 51% from its peak, Bitcoin remains up nearly 293% from its cycle low, reflecting a strong long-term recovery amid short-term uncertainty.
Bitcoin's price has remained relatively strong around the $62K support level despite recent US-Iran tensions. The price bounced back to $63K resistance after finding support at key technical levels, but further gains are limited unless geopolitical e...
Anthony Scaramucci, founder of SkyBridge Capital, stated that Bitcoin has outgrown the need for marketing narratives and that its value is fundamentally driven by its mathematical model and protocol. He emphasized Bitcoin as a major modern invention ...
US-listed spot Bitcoin ETFs experienced a net outflow of $84.86 million on July 8, breaking a three-day streak of inflows. The outflows were mainly from Grayscale Bitcoin Trust (GBTC) and BlackRock’s iShares Bitcoin Trust (IBIT), signaling a short-te...
Bitcoin faces pressure to fall below $60,000 as futures traders increase bets on a Federal Reserve rate hike in September, with odds now above 50%. This shift follows divided Fed officials on inflation and rate policy, revealed in recent FOMC minutes...
Bitcoin trades near $62,948 with a slight 0.19% gain, while Ethereum dips 0.16% to $1,752 amid steady equity indices, dollar, and Treasury yields. The crypto market stays in a narrow range as investors await clearer signals from upcoming Federal Rese...
