Bitcoin dropped to $79,200, breaking the key $80,000 support level amid rising inflation and geopolitical tensions between the US and China over Taiwan. Solana and other major cryptocurrencies also declined, while Dogecoin was the only gainer. Inflation data showed CPI at 3.8% and PPI at 6%, raising doubts about Federal Reserve rate cuts. Meanwhile, President Xi warned Trump about Taiwan, increasing market volatility. US stock futures showed modest gains, with Cisco shares surging 20% after strong earnings.
A veteran crypto trader warns that Bitcoin, currently trading around $79,400, faces significant resistance near $85,000. The trader says Bitcoin needs to flip this level into support to confirm a bullish double-bottom pattern and avoid a potential do...
XRP price is maintaining strong support around $1.40 despite Bitcoin falling below $80,000 and Ethereum slipping under $2,400. This level is crucial as it marks a pivot from resistance to support, indicating investor confidence in XRP even during bro...
Anthony Scaramucci, founder of SkyBridge Capital, stated that Bitcoin is following the classic S-curve of adoption similar to tech giants Amazon and Microsoft. He explained that Bitcoin, unlike traditional fiat money, is an open, decentralized, and s...
Traders have moved significant capital out of Bitcoin and Ethereum, with net outflows of $19.45 million and $21.52 million respectively, shifting funds into stablecoins like Tether (USDT) and USD Coin (USDC). This move signals a defensive, wait-and-s...
Bitcoin's recent rally above $80,000 is losing steam amid significant outflows from U.S. spot Bitcoin ETFs, with $635 million withdrawn in a single day—the largest since January. Over five trading sessions, investors pulled about $1.26 billion from t...
