Bitcoin's price dropped below $78,000 after a brief rally above $82,000 triggered by the US Senate Banking Committee's advancement of the Digital Asset Market Clarity Act. The decline reflects renewed macroeconomic pressures, including rising US 10-year Treasury yields reaching 4.58%, which make fixed-income assets more attractive compared to riskier assets like cryptocurrencies. Additionally, Bitcoin ETFs in the US saw significant outflows, and miners have been selling holdings, adding supply pressure. Technically, Bitcoin must reclaim the $80,000 level to reduce selling pressure and potentially retest resistance near $82,000; otherwise, further declines toward $74,000 or lower are possible.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
