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 dropped about 2% amid a sharp 11% plunge in South Korea's Kospi stock index, one of its worst days in years, shaking global risk assets. The U.S. Senate postponed the Crypto Clarity Act to focus on a Russia sanctions bill and federal nominati...
Bitcoin is at a critical point, with analysts predicting two main scenarios tied to the Clarity Act. If the Act passes, Bitcoin could rally to $75,000 or higher, supported by strong buying above $60,000 and breaking resistance near $70,000. If reject...
Bitcoin's price has fallen to around $63,274, down 3.11%, breaking below a key rising wedge pattern and signaling bearish dominance unless it quickly recovers. Trading volume surged 75% during the selloff, indicating strong selling pressure. The $63K...
Macro investor Raoul Pal highlighted that Bitcoin and the Nasdaq Composite are primarily influenced by global liquidity rather than daily earnings reports or news. Bitcoin shows an 87% correlation to global liquidity, while Nasdaq's correlation is 97...
Bitcoin's price dropped to around $63,000 following AT&T's breakthrough in quantum computing, which cut a complex network task from one hour to 15 seconds using D-Wave technology. This advancement shortens the timeline to 'Q-Day,' when current blockc...
