Bitcoin surged 6.2% to $68,761, breaking out of a six-week trading range after the US Treasury doubled its long-term bond buyback operations. This move weakened the dollar and lowered bond yields, making Bitcoin more attractive compared to risk-free Treasury bonds. The breakout cleared key resistance levels, with the next target zone around $71,300 to $71,500, near the 200-day moving average—a critical level for confirming a trend change. However, Bitcoin faces potential selling pressure at current prices as many holders break even, and the overbought technical condition suggests volatility ahead.
Bitcoin's volatility has dropped to levels lower than 98.5% of its historical data, while spot trading volume is at its lowest since 2019, indicating a quiet market. Despite this, institutional investors, including Fidelity clients, have made signifi...
Bitcoin and Ethereum surged sharply, with Bitcoin nearing $70,000 and Ethereum surpassing $2,100, triggering $1.44 billion in losses for traders who bet on falling prices. Bitcoin rose nearly 6%, causing massive liquidations of short positions, while...
The crypto market gained momentum with total capitalization rising to about $2.2 trillion, driven by strong ETF inflows and positive investor sentiment. Bitcoin remains above $64,000 supported by nearly $486 million in weekly ETF inflows, while Ether...
Bitcoin jumped to $68,310, Ethereum surpassed $2,000, and Solana rose 6.5%, triggering a $1.22 billion short squeeze in just one hour. This rally was driven by a capital shift from the weakening AI tech sector into cryptocurrencies, surprising many t...
Bitcoin (BTC) rose 5.8% to $68,828, while Ethereum (ETH) surged 9% to $2,097.86, signaling renewed investor interest in major cryptocurrencies. Other notable gains include XRP up 6.9% and Solana (SOL) up 6.5%. These increases reflect positive market ...
