Bitcoin briefly surged to $79,837 following the release of August Consumer Price Index (CPI) data that met economists' expectations, triggering volatile trading and over $732 million in crypto liquidations. The price fluctuated sharply, influenced by earlier Producer Price Index data and market reactions to potential Federal Reserve rate hikes, which now have an 82% chance of a 25 basis point increase. Economist and investor concerns include stagflation risks and rising long-term rates, which could pressure both stocks and Bitcoin. Despite political stimulus proposals, Bitcoin's price remained volatile, reflecting broader market uncertainties.
Bitcoin is currently testing a significant ETF holdings cost-basis level around $81,000. This level acts as a critical support and resistance point, with a close below it potentially leading Bitcoin to drop toward the $70,000 range. Previously, Bitco...
Bitcoin reached a seven-day high close to $83,500 on October 21, coinciding with a 19% increase in crypto futures trading volume to $190 billion. Open interest in futures contracts also rose nearly 4% to $145 billion, while liquidations surged 76% to...
Bitcoin briefly fell below $81,000 before recovering slightly to around $81,300, raising concerns about a potential further decline if it closes below its 50-day moving average. Analyst Benjamin Cowen warned that such a close could push Bitcoin towar...
Bitcoin fell below $82,000 after failing to reach $85,000, pressured by a broad decline in global stocks and futures. Key markets like South Korea's KOSPI and Hong Kong's Hang Seng Tech Index saw significant drops, while Nasdaq futures also declined....
Analysts from leading crypto firms predict Bitcoin will not surpass $100,000 by the end of 2026, expecting it to close the year between $85,000 and $92,000. Key factors include geopolitical tensions in Iran causing oil price volatility, potential fur...
