Bitcoin is consolidating around $76,000 after a rejection near $82,000, with $75,000 acting as crucial support for a near-term bullish rally. Analyst Michaël van de Poppe notes Bitcoin has consistently stayed above its 20-day moving average, suggesting strength, and predicts a possible rally to $82,000 and even $90,000 by June if resistance at the 50-day moving average is overcome. However, Bitcoin's momentum is tempered by conflicting signals from spot and leverage traders, with significant outflows from U.S. spot BTC ETFs and increased selling pressure indicated by the Coinbase premium gap. The market's direction depends on whether spot and derivatives traders align their expectations.
Bitcoin dropped below $77,000 after Federal Reserve Governor Christopher Waller indicated a potential rate hike in October 2026 due to persistent inflation concerns. Traders now price a 25 basis point hike with about 40% probability at the October me...
Cryptocurrency prices display mixed trends with Bitcoin down by 0.54% at $76,763 and Ethereum down 0.63% at $2,118.79. Meanwhile, several altcoins like BNB, DOGE, LINK, and NEAR show gains, with NEAR rising significantly by 21.66%. These fluctuations...
Kevin Warsh was narrowly confirmed as the new Federal Reserve chair amid declining confidence in the Fed's ability to control inflation, with inflation expectations rising to 4.8%. Bitcoin has struggled to break past the $77,000 resistance level, ref...
US one-year inflation expectations increased to 4.8% in May, up from previous readings, signaling persistent inflation concerns. This rise challenges the idea that Bitcoin acts as a reliable hedge against inflation, as studies show it behaves more li...
The CLARITY Act, which could regulate cryptocurrencies including Bitcoin, has a 70% chance of passing before the August recess, according to Galaxy Digital's Alex Thorn. The bill has bipartisan support but faces challenges over ethics provisions rest...
