Bitcoin price surged above $76,000 on August 21, marking its highest level since May, driven by strong institutional inflows and better U.S. liquidity conditions. U.S. spot Bitcoin ETFs attracted over $600 million in net inflows, signaling robust institutional demand alongside short covering that accelerated the rally. The U.S. Treasury's decision to double long-dated debt buybacks also improved market liquidity, supporting the price breakout. While momentum indicators show Bitcoin may be temporarily overheated, holding support above $70,000 is key to maintaining the bullish trend, with resistance near $80,000 to $82,000 ahead.
Bitcoin is trading near $79,000, breaking past the $75,000 mark, with Vaneck's Matthew Sigel maintaining a target of $100,000 by 2027 and $500,000 by 2029. The 2029 target is linked to proposed U.S. Treasury purchases of up to 1 million BTC, which co...
Bitcoin surged past $77,000 on August 21, reaching a three-month high after a sharp five-day rally supported by strong U.S. spot Bitcoin ETF inflows totaling over $1.12 billion in two days. Concurrently, Bhutan's government moved 490.87 BTC worth abo...
Bitcoin has risen 8.9% to $76,337 and Ethereum 5.6% to $2,370, with traders focusing on their 200-day moving averages as key support or resistance levels. Bitcoin dominance remains high at 59.3%, influencing selective altcoin gains like XRP and ADA. ...
The Royal Government of Bhutan moved over 490 BTC, worth nearly $32.74 million, to new wallets amid Bitcoin's price rally above $75,000. This follows previous transfers totaling 300 BTC to the same wallet, raising concerns about a potential selloff a...
Bitcoin surged close to $75,000, rising nearly 8% in 24 hours and 18% over the past week, fueled by a wave of short liquidations exceeding $4 billion in two days. This rapid price increase forced bearish traders to close positions, adding momentum to...
