Bitcoin price climbed back above $65,000 on July 27 following a pause in US-Iran military strikes, which eased fears of prolonged oil supply disruptions and caused oil prices to fall sharply. This decline in oil prices supported risk assets, including stocks and cryptocurrencies, boosting Bitcoin's recovery from a recent low near $63,700. Technical indicators suggest Bitcoin may test resistance around $67,181, with key support near $64,000. However, geopolitical risks remain, and Bitcoin could fall back toward $63,000 if support fails. Investors will also watch upcoming US Federal Reserve policy decisions and legislative developments affecting crypto markets.
The yield on two-year US Treasury notes has risen to 4.31%, exceeding the Federal Reserve's target range and increasing pressure on risk assets such as stocks and Bitcoin. Despite a weaker US inflation report, traders expect interest rates to remain ...
U.S. federal debt has reached a record $39.7 trillion, growing by about $7 billion daily, prompting investors to turn to bitcoin and gold as safe-haven assets. This trend, known as the 'debasement trade,' bets on the decline of fiat currency value du...
Bitcoin recently dropped 4.8% after failing to surpass the $66,000 resistance level, with significant capital exiting the market. Despite renewed bullish sentiment and a majority of traders holding long positions, liquidation data shows a cluster of ...
Bitcoin is approaching a key resistance level at $66,200, with potential to climb toward $69,000 and beyond, according to technical analysis. However, weakening momentum suggests a possible short-term pullback to around $62,000 before buyers push pri...
Bitcoin climbed above $65,000 following a pause in the US-Iran conflict, which caused oil prices to fall sharply and eased inflation concerns. Lower oil prices reduced fears of aggressive Fed rate hikes, boosting risk appetite and supporting Bitcoin'...
