Bitcoin price fell below $64,000 on August 11 due to rising oil prices and uncertainty ahead of the U.S. July Consumer Price Index (CPI) report. The price briefly dropped to around $63,852 before recovering slightly, with key support at $63,900–$64,000 crucial for preventing a deeper decline. Higher oil prices have raised inflation worries, complicating the Federal Reserve's outlook and reducing demand for risk assets like Bitcoin. The upcoming CPI report will likely influence Bitcoin's next move, with a cooler reading potentially boosting prices above $65,000, while a hotter reading could push Bitcoin toward $62,000 or lower. Bitcoin remains range-bound between $63,900 and $65,500, with liquidation clusters around $63,700 and $65,600 indicating potential volatility.
Bitcoin is under short-term pressure after falling below $64,100, with traders watching $64,500 as resistance and $63,300 as support. The price could retest $64,500 but a failure to break above it may lead to a drop toward $63,300, where buyers might...
Bitcoin fell 1.68% as hopes for a Strait of Hormuz resolution faded after Trump demanded 50 years of compensation from Iran, pushing oil prices above $89. XRP faces pressure, nearing a drop below $1 for the first time in 2024. Crypto and equity marke...
Software stocks, represented by the iShares Expanded Tech-Software Sector ETF (IGV), have surged 40% from their April lows and reached a one-year high relative to Bitcoin, breaking a long-standing correlation. While IGV nears its record highs, Bitcoi...
Bitcoin's price fell below the $64,000 mark, currently trading around $63,981 amid increased selling pressure. Technical indicators like the bearish crossover and MACD suggest accelerating downward momentum, while resistance at $67K remains unbroken,...
Trump Media reported a $238.1 million net loss in Q2 due to unrealized losses on digital assets and securities totaling $190.4 million. Despite the loss, revenue grew 89% to $1.67 million, driven by advertising, subscriptions, and management fees. Af...
