Bitcoin's price rose nearly 1% to around $79,262 on September 4, extending a one-month rally of about 23%. Simultaneously, gold prices climbed sharply, pushing their correlation to the highest level in six years. This trend reflects growing investor concerns over fiat currencies and government bond sales, driving demand for Bitcoin and gold as alternative stores of value. Despite the strong correlation, Bitcoin has outperformed gold significantly, with analysts eyeing a potential rise to $85,000 if key support levels hold amid mixed economic signals and Fed rate hike expectations.
MemeCore (M) surged 25.65% to $1.12 in 24 hours, topping gains among the 90 largest cryptocurrencies by market cap, excluding stablecoins. It ranks 41st in market cap, with 76 of the top 90 cryptos declining and only 14 rising. Meanwhile, Bitcoin and...
Ether dropped 4.38% to $2,297.96, slipping below the $2,300 support level, while Bitcoin fell 2.41% to $79,543 amid a broad retreat from risk affecting most major cryptocurrencies. The decline is driven by a lack of ETF inflows, significant liquidati...
Ether (ETH) holds the largest share of long accounts among five major cryptocurrencies at 75.9%, followed closely by XRP at 75.7%. All five markets show more long than short accounts, with Ether also having the highest positive funding rate of 0.0049...
Bitcoin (BTC), the leading cryptocurrency by market capitalization, crossed the $80,000 price mark, reaching $80,209 on Binance's spot market at 12:55 p.m. ET on October 24. This milestone reflects a 0.71% increase over the previous hour, indicating ...
Crypto trader Doctor Profit announced he is increasing his Bitcoin long positions around the $80,000 price level, identifying this zone as a good buying opportunity rather than a reason to panic. He follows a strategy of adding to his positions each ...
