Bitcoin fell below $78,000 after U.S. July inflation data showed higher-than-expected Personal Consumption Expenditures, signaling persistent inflation above the Federal Reserve's target. This raised fears that the Fed may need to maintain tighter monetary policy, pushing bond yields higher and reducing appetite for volatile assets like Bitcoin. The drop came after Bitcoin had rallied strongly in August, nearing $81,000, supported by ETF demand and Treasury liquidity. Going forward, Bitcoin's ability to hold gains near $80,000 depends on inflation trends and Fed policy expectations.
Bitcoin price is steadily climbing toward a key resistance level near $83,000, which could mark a shift from a bear to a bull market if surpassed. However, technical indicators like the RSI show bearish divergence, suggesting momentum may be weakenin...
Bitcoin rose 1.43% to around $79,904 but faces resistance near $81,337, with momentum indicators like RSI and MACD suggesting the rally may be losing steam. Futures open interest dropped 4.39%, indicating traders are closing positions rather than add...
Bitwise reported about $100 million in net inflows on August 27 across its U.S. crypto exchange-traded products, with Solana funds leading at roughly $40 million, followed by Bitcoin at $22 million and Hyperliquid at $20 million. The Solana Staking E...
Bitcoin traded near $79,771 after reaching an intraday high of $81,280 but failed to break decisively above the $82,000 resistance level. Veteran trader Peter Brandt disclosed a long Bitcoin position following a bullish inverse head-and-shoulders bre...
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
