Bitcoin's price dropped sharply to nearly $61,000, falling below the bull market trendline, but buyers quickly pushed it back above the 200 SMA, signaling strong support around $63,000. This flash crash left a notable candle tail, historically followed by price rises, suggesting the current rally may continue. If bulls maintain the $63K support, Bitcoin could test the key $66,000 resistance, though short-term momentum indicators show some weakening. Weekly charts indicate a potential big rally if the price breaks above $66K and holds, supported by intact trendlines and positive momentum signals, but bears could still challenge this move.
Bitcoin's daily transactions have surged to an average of 673,822, the highest in its 17-year history, nearly doubling last year's volume. This rise is driven by increased small transactions and new uses like Bitcoin NFTs and timestamping, showing gr...
Bitcoin Suisse has obtained a financial services license from Abu Dhabi Global Market (ADGM), allowing it to offer regulated crypto services in the UAE. This license marks a key step in the firm's Middle East expansion, providing access to institutio...
More than $430 million in leveraged crypto positions were liquidated in the past 24 hours as Bitcoin remained steady around $102,000 while major altcoins like Ethereum, Solana, and XRP declined. The liquidations, concentrated mostly in Bitcoin and Et...
Bitcoin price remains above $63,000 following a nearly 10% rebound driven by expectations of Federal Reserve rate cuts and renewed institutional demand. Technical resistance near $64,000-$65,000 limits further gains, while support holds around $61,00...
The Altcoin Season Index remains at 47, indicating a neutral market phase where Bitcoin continues to dominate with 58.1% market share. Although some altcoins like Ethereum show modest gains, the overall altcoin rally lacks breadth to confirm a full a...
