Bitcoin rose about 1% to near $63,700 on June 12, recovering from a recent dip below $60,000 amid signs of easing U.S.-Iran tensions. The de-escalation reduced fears of rising oil prices and inflation, which had pressured risk assets including cryptocurrencies. Despite this bounce, Bitcoin spot ETFs saw continued outflows, reflecting cautious institutional demand. Analysts warn the recovery is fragile, with key support at $60,000 and resistance near $65,000 to $70,000, while upcoming Federal Reserve meetings may influence further price action.
Bitcoin is trading near $63,000 after a dip to $59,000, close to its realized price support of $53,600, with demand dropping sharply, especially from spot ETFs. Institutional buying pressure is waning, and investors have realized significant losses r...
Bitcoin is trading near $63,000, just 9% above its realized price, indicating limited profit for holders and a market close to a value zone rather than a confirmed recovery. Demand has weakened significantly, especially from ETFs, with total bitcoin ...
Bitcoin's short-term holder MVRV ratio has dropped to 0.75-0.80, a level historically linked to local market bottoms where weaker holders exit. Despite this, a descending MVRV channel since 2024 indicates weakening buying momentum. The aSOPR 7-day av...
Bitcoin rose 1.6% to $63,550 following President Trump's announcement of nearing peace with Iran, easing market fears and boosting cryptocurrencies and equities. SpaceX launched its historic IPO on Nasdaq, raising $75 billion and reaching a $1.78 tri...
Bitcoin is currently testing a crucial support level near its 200-week moving average, a historically significant zone that has supported price in most past cycles. Analysts suggest this level could determine whether Bitcoin recovers or continues a l...
