US Personal Consumption Expenditures (PCE) inflation surged to 3.5% in March, the highest since August 2023, pushing Bitcoin down to around $76,000. Core PCE inflation also rose to 3.2%, strengthening the Federal Reserve's case to maintain current interest rates amid US-Iran tensions. Market expectations now show a 58% chance of no rate cuts in 2026, pressuring speculative assets like Bitcoin. Despite $490 million in recent Bitcoin ETF withdrawals, institutional interest remains strong with $3.3 billion inflows in March, while geopolitical risks and rising oil prices continue to dampen risk appetite.
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...
