Bitcoin price fell below $80,000 following stronger-than-expected US employment data that increased expectations for a Federal Reserve rate hike. The US added 162,000 jobs in August, keeping unemployment steady at 4.1%, which raised the probability of a Fed rate increase in September to 61%. This led to selling pressure on Bitcoin, which faced resistance near $82,500 and support around $78,190. Analysts warn of a possible bull trap unless Bitcoin breaks above $82,500 with strong volume, while the upcoming US inflation report on September 11 could influence Bitcoin's next move.
Bitcoin surpassed the $82,000 mark, reaching $82,055 on Binance's spot market as of 6:05 a.m. ET on October 22. This price represents a 0.32% increase over the previous hour and a rise from $81,914 recorded 15 minutes earlier. As the largest cryptocu...
Bitcoin is currently testing a significant ETF holdings cost-basis level around $81,000. This level acts as a critical support and resistance point, with a close below it potentially leading Bitcoin to drop toward the $70,000 range. Previously, Bitco...
Bitcoin reached a seven-day high close to $83,500 on October 21, coinciding with a 19% increase in crypto futures trading volume to $190 billion. Open interest in futures contracts also rose nearly 4% to $145 billion, while liquidations surged 76% to...
Bitcoin briefly fell below $81,000 before recovering slightly to around $81,300, raising concerns about a potential further decline if it closes below its 50-day moving average. Analyst Benjamin Cowen warned that such a close could push Bitcoin towar...
Bitcoin fell below $82,000 after failing to reach $85,000, pressured by a broad decline in global stocks and futures. Key markets like South Korea's KOSPI and Hong Kong's Hang Seng Tech Index saw significant drops, while Nasdaq futures also declined....
