Bitcoin reached a high of $64,360, supported above $63,500, driven by a short squeeze wiping out $35 million in short positions. The price movement coincides with anticipation of a U.S. Senate vote on the CLARITY Act, though the odds of the bill passing have dropped to 25%. Analysts from Bitfinex warn that Bitcoin's near-term direction depends on real yields and maintaining support between $62,000 and $65,000. If the legislation stalls, Bitcoin's rally prospects will rely more on broader economic factors than crypto-specific events.
Most major cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, experienced price declines today, with Bitcoin down nearly 1% and Ethereum over 2%. However, some tokens like Avalanche (AVAX) and HBAR showed significant gains, rising 14.35...
Bitcoin's price reached a high near $81,914 but failed to break through the $82,000 resistance level, currently trading around $80,443. Despite a strong $7,000 rebound from recent lows, short-term momentum has cooled, with key moving averages still p...
Bill Miller IV, CEO of Miller Value Partners, argues that Bitcoin is significantly undervalued today due to worsening US fiscal deficits, even though Bitcoin's market cap remains roughly the same as the last cycle peak. He views Bitcoin not just as a...
Bitcoin's 50-day moving average recently crossed above its 200-day average, a pattern known as a golden cross often seen as a buy signal. Historical data since 2014 shows that Bitcoin's price rose 90 days after eight out of eleven golden crosses, ave...
Raoul Pal, founder of Real Vision, predicts Bitcoin will outperform the Nasdaq 100 following recent interest rate hikes by the Federal Reserve and Bank of Japan. Despite expectations that higher rates would hurt Bitcoin, its price surged past $81,000...
