Bitcoin surged past $82,000 before sharply falling below $78,700, erasing nearly all gains after strong US employment data reduced expectations for a Federal Reserve rate cut. This sudden reversal triggered over $295 million in long position liquidations across the crypto market, pushing Bitcoin's market cap down from $1.62 trillion to $1.57 trillion. The robust jobs report signals a resilient economy, causing investors to fear prolonged high interest rates, which pressured both stocks and cryptocurrencies. Despite the pullback, some investors remain optimistic about Bitcoin's long-term growth driven by currency debasement and central bank policies.
Ondo (ONDO) rebounded 6.6% from a recent low but remains vulnerable due to a 10% weekly decline and weak momentum signals. Bitcoin also fell 2.1% last week, and the overall altcoin market dropped nearly 8%. Bitcoin spot ETFs saw significant outflows,...
Bitcoin's price hovered around $81,392 on October 20, facing immediate support at $81,100 amid short-term selling pressure and weakening U.S. demand. Technical indicators show a fragile position with resistance between $82,000 and $83,300, while a dr...
On October 20, Bitcoin saw the largest token inflows of $56.04 million and outflows of $29.14 million, indicating strong trading activity. The Korean won led fiat currency inflows into the crypto market with $5.10 million, slightly ahead of the euro....
TORCH token reached a new record high, while 12 other cryptocurrencies including DATA and BLUR set new all-time lows. The top five cryptocurrencies by market cap—Bitcoin, Ethereum, BNB, XRP, and Solana—remain significantly below their all-time highs,...
Tom Lee of Fundstrat highlights that many venture capitalists regret not simply holding Bitcoin, which rose about 80 times from under $1,000 to around $80,000 in the past decade. This shift challenges the belief that early-stage crypto investments ou...
