Bitcoin's price surged above its 50-week moving average near $81,041, reaching around $81,797 before settling near $81,400. This move places the cryptocurrency close to a critical resistance zone between $82,000 and $83,000, with $82,814 identified as a decisive level that could signal the end of the bearish trend if surpassed. The rally was supported by significant futures activity, including $84.74 billion in volume and $229.56 million in liquidations, mostly from short positions, indicating strong short-covering pressure. Traders will closely watch the weekly close to see if Bitcoin can hold above these levels, which would confirm a higher high and potentially mark a bullish market reversal.
Bitcoin rallied strongly in August, rising nearly 25%, but market sentiment remained weak and cautious. Traders are increasingly long on Bitcoin, expecting a breakout above $80k, yet technical signals and on-chain data suggest downside risks. Ethereu...
The global cryptocurrency market cap surged by $135 billion in 24 hours, pushing the total to around $2.7-$2.82 trillion. Bitcoin approached $81,000, with Ethereum near $2,500, reflecting broad positive sentiment across major crypto assets. This mark...
Cryptocurrency markets are experiencing widespread price increases, with Bitcoin trading above $81,800, up nearly 6%. Major altcoins like Ethereum, Binance Coin, and Cardano also saw significant gains, reflecting growing investor interest. This upwar...
Bitcoin has surged decisively above its important 50-week moving average, a level it struggled to surpass for much of the past year. This breakout signals potential bullish momentum, with Bitcoin testing resistance around $82,000 to $83,000. The move...
Arthur Hayes, former BitMEX CEO, predicts Ethereum could reach $10,000 by the end of 2026, a more than fourfold increase from current prices around $2,400. He bases this on expectations of increased liquidity in financial markets due to policy respon...
