Bitcoin dropped about 2.5% to near $63,327 as traders reduced risk ahead of the Federal Reserve's interest rate decision. US spot Bitcoin ETFs saw $11.64 million in net outflows, adding selling pressure alongside leveraged liquidations. Technical indicators show Bitcoin breaking below a rising trendline and facing resistance near $64,500, with key support around $62,500. The Fed's decision on rate hikes will likely influence Bitcoin's short-term direction, with a hold potentially easing pressure and a surprise hike possibly pushing prices lower. Some analysts remain bullish, targeting a recovery to $68,000 in early August if resistance levels are reclaimed.
Bitcoin has remained stable above $63,000 and gained about 6% in July despite declines in AI-related tech stocks. Ahead of the Federal Reserve's upcoming decision, markets are divided on whether rates will rise, with a 70% chance of no change and 30%...
Ethereum (ETH) has outperformed Bitcoin (BTC), gaining over 19% compared to Bitcoin's 5% increase, supported by three bullish signals: the ETH/BTC ratio hitting a three-month high, the clearing of Ethereum's validator exit queue, and consistent posit...
The Federal Reserve's upcoming rate decision has markets divided, with CME FedWatch showing a 31.5% chance of a rate hike and 68.5% chance of holding rates steady. Bitcoin has fallen nearly 2% ahead of the announcement, trading near $63,700, down 46%...
Bitcoin failed to sustain its breakout above the $66,000 resistance and 200-week EMA, confirming a false breakout and reinforcing a bearish outlook. The price is now trading between $66,000 and $60,000, with $60,000 as a key support level. If $60,000...
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
