Bitcoin's price briefly surged past $82,000 but has since been stuck trading between $76,000 and $82,000. Strong spot demand driven by U.S. Spot Bitcoin ETFs and large investors like Strive supports the price, alongside a peak in Binance's derivatives open interest. However, a heavy supply cluster around $82K, representing 35% of Bitcoin's supply, creates resistance and limits upward movement. Technical indicators suggest a potential bullish trend continuation, with a chance Bitcoin could surpass its all-time high of $126,000 if it breaks above this supply zone.
Bitcoin price recovered above $84,000 on October 12 but faces resistance near $85,000 after failing multiple times to surpass $87,000. Weak institutional demand, marked by significant outflows from U.S. spot Bitcoin ETFs, and rising U.S. Treasury yie...
Bitcoin's price increased by 1.37% to $84,186 as the total cryptocurrency market capitalization dropped 2.35% to $2.83 trillion. While Bitcoin gained, the broader market contracted, with trading volume at $58.32 billion. Other major cryptocurrencies ...
Bitcoin rebounded to nearly $84,000 after slipping earlier in the week, shrugging off $681 million in outflows from U.S.-listed spot bitcoin ETFs, the largest since June. The decline in oil prices, partly due to eased U.S. sanctions on Russian diesel...
On October 12, Filecoin (FIL) led the largest cryptocurrencies with a 14.75% increase to $1.24, continuing its recent strong performance. This rise was part of a broader market uptrend where 72 of the top 90 cryptocurrencies gained value. Other notab...
Crypto markets showed mixed results with Layer 2 tokens leading gains, rising 6.62%, including Starknet up 111.53%. Bitcoin climbed 1.43% above $83,000, while Ether edged up 0.14% over $2,500. DePIN assets advanced 6.24%, led by Grass with a 49.41% j...
