Bitcoin surged above $81,000, pushing its market cap over $1.62 trillion as geopolitical tensions between the US and Iran eased. This rally triggered a massive short squeeze, liquidating over $415 million in short positions across crypto derivatives. Despite the strong rebound, analysts warn Bitcoin faces resistance near $83,000 and could fall into a 'bull trap' without sustained buying. The price action highlights Bitcoin's growing role as an inflation hedge amid ongoing global uncertainties.
Bitcoin's price climbed above $79,900, continuing a strong August with nearly 25% gains, its best in nine years. The rise was supported by a weaker dollar and positive momentum in altcoins like Arbitrum, which surged 17%. Despite this, Bitcoin remain...
Cryptocurrency markets are experiencing widespread gains, with Bitcoin rising over 4% to above $80,900. Major altcoins such as Ethereum, Binance Coin, and Cardano also saw significant increases, with ADA up nearly 14% and Zcash surging over 16%. Thes...
Bitcoin has experienced extreme fund flows in both directions for six consecutive days, a pattern that historically signals upcoming price declines. Data from CryptoQuant shows that Bitcoin inflows peaked near 50,000 BTC in late June, coinciding with...
Bitcoin surged over 4.5% to above $80,000 after Federal Reserve Governor Christopher Waller suggested the Fed might hold interest rates steady in September if inflation data shows cooling. This eased fears of a rate hike, weakening the dollar and boo...
Bitcoin surged above $81,000 following reports that President Trump is considering officially declaring the Iran war over, driven by political pressure ahead of midterm elections. Meanwhile, Federal Reserve Governor Christopher Waller signaled a poss...
