Bitcoin dropped below $80,000 for the fourth consecutive session, trading between $76,000 and $78,500, pressured by rising Middle East tensions, hotter-than-expected US inflation data, and significant outflows from Bitcoin ETFs. These factors increased risk aversion and the likelihood of further Federal Reserve rate hikes, pushing investors away from non-yielding assets like Bitcoin. The $80,000 level has acted as a resistance point since February, and recent ETF outflows and forced liquidations indicate institutional and leveraged traders are reducing exposure. If Bitcoin breaks below the $76,000 support, it could test the lower range near $60,000, signaling a deeper correction from its October 2025 peak of $126,000.
Bitcoin rallied 42.7% in Q3, climbing from $58,544 to $83,570, driven largely by the U.S. Treasury doubling long-dated bond purchases which boosted global risk assets. Ethereum and other altcoins also saw significant gains. However, the crypto market...
Bitcoin's open interest reached about $23.4 billion amid a crypto price recovery, with Ether at $15.5 billion and Solana at $2.7 billion, totaling $41.6 billion for these three assets. Open interest reflects active derivative contracts but does not i...
Asian stock markets declined significantly, with China's CSI 300 entering a bear market after falling 20% from its June peak, driven by a steep drop in technology shares. Other major Asian indices, including Japan's Nikkei 225 and South Korea's Kospi...
Bitcoin's price hovered around $82,690 on Thursday morning, fluctuating between an overnight low of $82,567 and a high of $84,808, showing a narrow trading range. Despite a 2.64% drop in total crypto market capitalization, Bitcoin remained stable, ca...
Recent rebounds in Bitcoin, XRP, and Cardano have coincided with increased on-chain activity, including more tokens moving to exchanges for Bitcoin, higher transaction volumes for XRP, and a rise in large-value transactions for Cardano. However, thes...
