Bitcoin fell 4.5% over the weekend due to renewed US–Iran tensions, but remains above the $70,000 support level. Investors are closely watching the upcoming US Producer Price Index (PPI) data for March, expected to show a 0.3% rise, indicating persistent inflation pressures despite some cooling. Rising oil prices linked to geopolitical risks could heighten inflation concerns, complicating Federal Reserve policy and crypto market outlooks. Bitcoin is consolidating within a symmetrical triangle pattern, with a key support at the 20-day EMA; a break below could lead to a retest near $67,000, while holding above may push prices toward $72,000. Strategy Inc.'s ongoing BTC purchases help absorb selling pressure during these risk-off events.
Binance co-founder Changpeng Zhao argued that Bitcoin offers protection against inflation, a benefit he says artificial intelligence (AI) investments cannot provide. This comes as Wall Street anticipates AI spending to reach $725 billion this year, d...
Cryptocurrency markets saw a general decline with Bitcoin priced near $64,223, down 0.99%, and Ethereum falling 2.65% to around $1,874. Other major coins like Binance Coin and Solana also dropped slightly. This reflects ongoing market volatility and ...
Ethereum is gaining investor interest, with its price climbing 2.32% to approach $2,000 due to steady capital inflows. The ETH/BTC ratio has broken a 301-day resistance, signaling a rotation of funds from Bitcoin to Ethereum. This momentum is support...
Cryptocurrency markets show a general downward trend with Bitcoin trading around $64,396, down nearly 1%, and Ethereum falling over 2% to about $1,876. Other major coins like Binance Coin and Solana also saw slight declines. Stablecoins remain steady...
Glassnode's recent analysis highlights a key on-chain indicator showing that Bitcoin investors who bought 1-2 years ago are stabilizing their realized losses, suggesting a potential easing of selling pressure. This pattern, observed during past bear ...
