Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $201.81 million in outflows, ending a nine-day inflow streak. Bitcoin now faces key resistance at $78,670, a level that capped its previous rally, with upside targets at $81,455 and $88,000, while downside risks include support at $74,450 and the critical 200-day EMA at $72,170. Investors should watch ETF flows and Fed signals closely for Bitcoin's next move.
After nine days of inflows totaling $3.04 billion, U.S. Spot Bitcoin ETFs recorded $201.81 million in outflows on August 28 as Bitcoin's price fell from $80K to around $78,275. Meanwhile, altcoin ETFs like Ethereum, XRP, and Solana continued to attra...
The crypto market sentiment has shifted from prolonged fear to greed, with Bitcoin rallying above $80,000 and the Crypto Fear and Greed Index reaching 68. This shift was influenced by factors such as a White House meeting supporting crypto legislatio...
Metaplanet, a major Bitcoin miner and treasury firm, transferred $237 million worth of Bitcoin to Coinbase Prime, signaling a potential sell-off amid a broader crypto market slowdown. This move has raised speculation that Metaplanet may be securing p...
Bitcoin has regained several important technical levels that typically mark the end of bear markets, including the $67,000 local structure and the 1D 200 SMA and EMA. Analyst Skyodelic notes Bitcoin has completed 80% of the data needed to confirm the...
Grayscale highlights that the US public debt exceeding $40 trillion could weaken confidence in fiat currencies, increasing interest in cryptocurrencies like Bitcoin, Ethereum, and Zcash as alternative stores of value. The Treasury's expanded long-ter...
