Bitcoin's price surged close to $78,000 driven by easing geopolitical tensions after the Iran ceasefire and reopening of the Strait of Hormuz, which reduced inflation and oil supply risks. Strong inflows into U.S. spot Bitcoin ETFs, totaling $664 million over four days, supported the rally. Ethereum also reached a 75-day high above $2,400, buoyed by steady institutional investments and ETF inflows exceeding $127 million over seven days. The S&P 500 hit an all-time high, reflecting improved global market sentiment and a drop in oil prices, which together fostered a favorable environment for risk assets including cryptocurrencies. XRP showed moderate gains, while the RAVE token surged 50% in one day amid high speculative demand. Market watchers are closely monitoring Bitcoin's resistance near $80,000 and Ethereum's potential move toward $2,600, with key support levels critical to maintaining bullish momentum.
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
Bitcoin is currently trading around $64,878 but faces potential downside risks, with analysts projecting a possible drop to $38,000–$39,000 based on past four-year bear market cycles. This would represent a roughly 40% decline from current levels and...
