Bitcoin price rose nearly 6% to a four-week high near $75,000 amid hopes of a U.S.-Iran ceasefire and falling oil prices, which eased inflation fears. A $225 million short squeeze in derivatives markets further accelerated Bitcoin's rally, pushing it closer to breaking out of an ascending triangle pattern with $76,000 as key resistance. If Bitcoin breaks above $76,000, it could target $80,000 next, while a drop below $72,000 would weaken the bullish setup. Investors are also watching upcoming U.S. inflation data for signs of cooling that could influence central bank interest rate policies.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
