Bitcoin is trading close to $80,000 after briefly surpassing $82,000 earlier this month, supported by strong demand from U.S. spot Bitcoin ETFs which recorded nearly $1 billion in inflows last week, extending a three-week streak totaling about $3.8 billion. Technical indicators show Bitcoin consolidating in a tight range between $79,000 and $81,000, with momentum cooling and no clear short-term bullish trend yet. The key resistance level to watch is $82,000, while support lies near $79,000 and $78,500. Continued ETF inflows provide market support, but buyers need to reclaim the $80,000-$82,000 range to push prices higher.
Social sentiment data shows Ethereum (ETH) is experiencing strong bullish momentum with a 2.05 bullish-to-bearish comment ratio, signaling FOMO among traders due to its rebound and network optimism. In contrast, Bitcoin (BTC) and Ripple's XRP face gr...
Bitcoin fell below $82,000 following the release of the US Consumer Price Index report, which showed inflation rising 0.6% in September and 3.7% annually. Core inflation, excluding food and energy, also increased, signaling persistent inflationary pr...
The crypto market dropped 4.5% to a total capitalization of $2.76 trillion after US September inflation data came in above expectations, raising concerns about higher interest rates. Unlike earlier sell-offs driven by leveraged futures liquidations, ...
Bitcoin experienced a significant $811 million liquidation wave, yet open interest remains high at $140.9 billion, indicating substantial leveraged exposure. Analysts warn that persistent core inflation and upcoming U.S. Consumer Price Index (CPI) da...
Bitcoin recently corrected from around $86,000 to $80,000, hitting a key technical support near the 50-day EMA. This correction was anticipated and used by the analyst to close short positions and increase Bitcoin holdings. The outlook remains bullis...
