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.
Bitcoin's price has dipped to just under $83,000, testing the bottom of its current trading range. Technical indicators suggest the price is oversold and a bounce is likely, but a breakdown below support could lead to a deeper correction. The key sup...
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
The Conference Board will release the September Consumer Confidence Index (CCI) on September 29, with a forecast of a slight rise to 90.0 from August's 89.4. The CCI reflects consumer optimism about the economy and influences spending and economic ac...
Bitcoin's price fell about 1.5% to near $83,000 following an unexpected Oval Office announcement by President Trump, whose topic remains unknown but is speculated to involve Iran. This announcement kicks off a critical week for Bitcoin, which also in...
In March 2025, President Trump signed an executive order establishing Bitcoin as a strategic reserve asset for the US government, consolidating about 328,000 BTC mainly from seizures and forfeitures. However, the order did not allocate taxpayer funds...
