Bitcoin faces pressure to fall below $60,000 as futures traders increase bets on a Federal Reserve rate hike in September, with odds now above 50%. This shift follows divided Fed officials on inflation and rate policy, revealed in recent FOMC minutes. Bitcoin's price recently broke below a rising wedge pattern, encountering resistance near $63,800–$64,000, and a rejection there could push it toward $59,300. A strong close above $64,000 would improve recovery prospects, but current market sentiment leans bearish amid tightening monetary policy expectations.
Anthony Scaramucci, founder of SkyBridge Capital, stated that Bitcoin has outgrown the need for marketing narratives and that its value is fundamentally driven by its mathematical model and protocol. He emphasized Bitcoin as a major modern invention ...
US-listed spot Bitcoin ETFs experienced a net outflow of $84.86 million on July 8, breaking a three-day streak of inflows. The outflows were mainly from Grayscale Bitcoin Trust (GBTC) and BlackRock’s iShares Bitcoin Trust (IBIT), signaling a short-te...
Bitcoin trades near $62,948 with a slight 0.19% gain, while Ethereum dips 0.16% to $1,752 amid steady equity indices, dollar, and Treasury yields. The crypto market stays in a narrow range as investors await clearer signals from upcoming Federal Rese...
Bitcoin developers have released Bitcoin Core version 31.1, addressing a critical privacy vulnerability that exposed node operators' IP addresses through the -privatebroadcast feature. The update also fixes a database engine flaw causing excessive di...
Bitcoin is trading just below the key resistance level of $62,700 and above support around $61,300–$61,900, indicating a consolidation phase after a sharp pullback from its all-time high. The market shows a balance between buyers and sellers, with a ...
