Bitcoin traded near $62,920, pressured by renewed U.S.-Iran strikes that lifted oil and the dollar, causing crypto markets to weaken. Despite $21.4 million inflows into U.S. spot Bitcoin ETFs providing some support, technical indicators like MACD and RSI show limited bullish momentum, and Bitcoin remains below the key $65,000 resistance level. Market stress is evident as over 50% of Bitcoin supply is held at a loss, signaling late-cycle bear market conditions, though a further downside move is possible. Traders await a clear break above $65,000 for bullish confirmation or a drop below $60,000 for bearish control amid ongoing geopolitical risks and macroeconomic uncertainty.
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...
