The probability of a Federal Reserve rate hike in September has fallen to an even 50/50, down from 70% just a day earlier, according to CME's FedWatch tool. This shift coincides with Bitcoin rallying toward $82,000 as market expectations for aggressive rate hikes ease. The timeline for a second rate hike has also been pushed back to March 2027 from December 2026. Market volatility is influenced by geopolitical tensions around Iran and fluctuating oil prices, which affect inflation expectations and Treasury yields, key factors driving Bitcoin's recent price surge.
Bitcoin rallied strongly in August, rising nearly 25%, but market sentiment remained weak and cautious. Traders are increasingly long on Bitcoin, expecting a breakout above $80k, yet technical signals and on-chain data suggest downside risks. Ethereu...
Bitcoin's price surged above its 50-week moving average near $81,041, reaching around $81,797 before settling near $81,400. This move places the cryptocurrency close to a critical resistance zone between $82,000 and $83,000, with $82,814 identified a...
The global cryptocurrency market cap surged by $135 billion in 24 hours, pushing the total to around $2.7-$2.82 trillion. Bitcoin approached $81,000, with Ethereum near $2,500, reflecting broad positive sentiment across major crypto assets. This mark...
Cryptocurrency markets are experiencing widespread price increases, with Bitcoin trading above $81,800, up nearly 6%. Major altcoins like Ethereum, Binance Coin, and Cardano also saw significant gains, reflecting growing investor interest. This upwar...
Bitcoin has surged decisively above its important 50-week moving average, a level it struggled to surpass for much of the past year. This breakout signals potential bullish momentum, with Bitcoin testing resistance around $82,000 to $83,000. The move...
