Bitcoin traded around $79,985 with a weekly gain of 2.5%, recovering 37% from its June low but still down for 2026. The price surged to $82,240 before dropping sharply after a strong US jobs report raised expectations of Fed rate hikes, which pressure non-yielding assets like Bitcoin. Institutional demand via spot Bitcoin ETFs remains robust, absorbing market shocks and supporting price. Key upcoming events include the US CPI report on September 11 and the FOMC decision, which will likely determine Bitcoin's next direction within its current trading range between $76,000 and $82,200.
NEAR Protocol (NEAR) experienced the largest 24-hour decline among major cryptocurrencies, falling 8.93% to $4.47. Other notable drops included Bitcoin down 1.28% to $80,495, Ether down 1.38% to $2,360.57, and XRP down 3.45% to $1.28. These declines ...
Ethereum's deflationary advantage over Bitcoin is weakening as ETH burning rates have dropped sharply and annual supply growth nears Bitcoin's level. However, increased on-chain activity, including higher Ethereum Velocity, more active addresses, and...
Bitcoin retreated after approaching the $85,000 mark, a resistance level identified by analysts. Traders are cautious ahead of the Federal Reserve's Oct. 27-28 meeting, where the consensus expects interest rates to remain unchanged. This pause in rat...
James Wynn opened a 40x leveraged short position of 0.4947 Bitcoin on the Hyperliquid platform on October 23, with the position valued at approximately $40,500. The liquidation price for this trade was set at $82,671.48. This move comes 49 days after...
Bloomberg Intelligence strategist Mike McGlone said that market expectations of three Federal Reserve rate hikes are creating a headwind for Bitcoin, gold, and copper. He warned that Bitcoin could drop to $10,000, linking this potential decline to a ...
