Bitcoin fell from a high of $66,315 to around $64,103 following the Federal Reserve's announcement of potential additional rate hikes in 2026. This erased gains from easing Middle East tensions and sparked concerns over Bitcoin's support near $64,000, a key level with heavy leveraged positions. Weak spot demand and ongoing outflows from U.S. Bitcoin ETFs add pressure, increasing the risk of a deeper retracement toward the June lows near $60,000. Traders are watching closely as failure to hold $64,000 could lead to further declines, while a recovery above $66,000 might trigger short-covering and test resistance near $68,000-$69,000.
Trader Garrett Jin, linked to former Bitforex, sold his entire 184,102 HYPE tokens for about $13.55 million, securing a $2.83 million profit. He then rotated into a long position on Uniswap's UNI token, while maintaining significant holdings of 1,268...
Bitcoin faced heavy outflows from late 2025 to early 2026, then briefly rebounded before resuming a downtrend in May. Despite ongoing selling by long-term holders at a slight loss, data shows a significant support zone forming between $60,000 and $70...
Jeff Park, advisor at Bitwise, argues that investors should worry less about Bitcoin's price and more about the risk of not owning it at all. He views Bitcoin as a hedge against fiat currency debasement and a potential core portfolio diversifier, esp...
The Federal Reserve kept its benchmark interest rate steady at 3.50%-3.75%, but signaled a hawkish stance with projections showing rates could remain elevated through 2026 and beyond. Inflation forecasts were raised, reflecting ongoing supply disrupt...
Bitcoin, Ethereum, XRP, and Dogecoin traded mostly unchanged as traders awaited the first Federal Open Market Committee (FOMC) meeting with Kevin Warsh as Fed chair. Despite some short-term profit-taking and volatility risks, inflows into spot Bitcoi...
