Bitcoin trades near $63,400 with exchange reserves dropping by 78,000 BTC over six months, signaling holders prefer self-custody over selling. Macro pressures from Federal Reserve rate hike risks, weak tech stocks, and stalled U.S. Clarity Act slow recovery momentum. Key support lies between $59,800 and $61,400; a drop below $57,700 could expose lower levels at $55,000, $52,000, and $50,000. A breakout above $67,000 and $70,000 would improve the outlook, but near-term sentiment remains cautious amid limited institutional demand and policy uncertainty.
Institutional investors are increasingly allocating capital to Ethereum (ETH) spot ETFs, with recent inflows totaling around $96 million over three days and an additional $9.23 million on July 27. This shift contrasts with Bitcoin (BTC) funds, which ...
Bitcoin dropped about 2% amid a sharp 11% plunge in South Korea's Kospi stock index, one of its worst days in years, shaking global risk assets. The U.S. Senate postponed the Crypto Clarity Act to focus on a Russia sanctions bill and federal nominati...
Bitcoin is at a critical point, with analysts predicting two main scenarios tied to the Clarity Act. If the Act passes, Bitcoin could rally to $75,000 or higher, supported by strong buying above $60,000 and breaking resistance near $70,000. If reject...
Bitcoin's price has fallen to around $63,274, down 3.11%, breaking below a key rising wedge pattern and signaling bearish dominance unless it quickly recovers. Trading volume surged 75% during the selloff, indicating strong selling pressure. The $63K...
Macro investor Raoul Pal highlighted that Bitcoin and the Nasdaq Composite are primarily influenced by global liquidity rather than daily earnings reports or news. Bitcoin shows an 87% correlation to global liquidity, while Nasdaq's correlation is 97...
