Bitcoin dropped nearly 3% from $81,340 to $78,915 following a stronger-than-expected US jobs report, which reduced chances of a Federal Reserve rate cut and increased the likelihood of a rate hike. Despite this pullback, Bitcoin has shown upward momentum over the past three weeks. Key resistance near $82,000, last seen in May, poses a challenge, with medium-term holders showing profit-taking signs. Additionally, a rising stablecoin ratio on Binance suggests reduced buying power, which could limit Bitcoin's ability to break through this resistance. September's Federal Reserve decision and delayed Clarity Act vote may further influence Bitcoin's price trends.
Technology stocks and Bitcoin declined sharply as investors moved toward safer assets like U.S. Treasurys, causing the 10-year Treasury yield to drop below 5%. The Philadelphia Semiconductor Index fell 6.7%, and the Nasdaq Composite dropped 2.6%, mar...
Bitcoin's price climbed back above the key $80,000 level after ETF inflows returned on October 19, signaling renewed investor interest despite subdued trading activity. U.S. spot Bitcoin ETFs and corporate treasury holdings have average cost bases ne...
Bitcoin, Ether, and XRP all rebounded on Friday following a pullback that tested important chart support levels. Bitcoin found support near its 50-day, 100-day, and 200-day moving averages, with resistance around $85,000. Ether showed support near $2...
Seven popular cryptocurrencies, led by Pearl (PEARL), saw declines over the past 24 hours. PEARL dropped 7.19% to $2.22, while Pons (PONS) experienced the steepest fall of 9.25% to $0.253. Bitcoin (BTC), the largest by market cap, also fell 2.49% to ...
Analyst Benjamin Cowen has identified a pattern where Bitcoin's momentum slows and peaks around the 21st of each month since August, with lows occurring mid-month. He predicts a possible new low for Bitcoin around mid-November, but cautions this is b...
