Bitcoin recovered above $64,000 over the weekend after a drop below $62,400 on Friday, but the broader crypto market showed limited momentum. Altcoins LAB and AERO led gains with notable increases, while major tokens like Ethereum and XRP remained mostly flat. Traders are closely watching Bitcoin's support at $62,000 and resistance near $67,000, influenced by ongoing U.S.-Iran ceasefire talks and significant Bitcoin ETF outflows totaling $6.35 billion in the past 30 days. The market remains cautious, awaiting clearer signals for a sustained rally or further declines.
Bitcoin's price briefly surged to $85,600 following the release of U.S. August personal consumption expenditures (PCE) inflation data, signaling a market reaction to inflation news. Shortly after, the price fell back to $84,350. During the four hours...
Bitcoin's price briefly surged above $85,500 following the release of lower-than-expected U.S. inflation data for August, signaling potential easing inflation pressures. However, the gains were quickly reversed, with the price falling back to around ...
Cardano's ADA is currently testing a long-term resistance line after nearly nine years of price compression, trading at $0.2478, which is 92.1% below its all-time high of $3.09 from September 2021. The token's price has been confined within a narrowi...
August's core Personal Consumption Expenditures (PCE) inflation rose 3.0% year-over-year, below expectations, easing pressure on the Federal Reserve to hike rates in October. Bitcoin responded positively, briefly surpassing $85,000 before settling ar...
Bitcoin, Ether, and XRP caused a huge 2,633% liquidation imbalance as US inflation remained stubborn and Treasury yields stayed high. Despite economic pressures like 5.2% US Treasury yields and inflation above target, these cryptocurrencies sparked a...
