Bitcoin price climbed above $63,300 following reports that the UAE released billions of dollars in frozen Iranian assets, including about 1.5 tonnes of gold. These transfers, though unconfirmed by UAE or US officials, are linked to a possible deal where Iran would spare the UAE from future attacks. Meanwhile, oil prices fell toward $81 per barrel amid talks to reopen the Strait of Hormuz, easing inflation concerns and supporting Bitcoin's rebound after a recent slide. Bitcoin now faces resistance near $64,500 and support around $62,300, with cautious institutional demand reflected in recent ETF outflows.
Bill Miller IV, CEO of Miller Value Partners, argues that Bitcoin is significantly undervalued today due to worsening US fiscal deficits, even though Bitcoin's market cap remains roughly the same as the last cycle peak. He views Bitcoin not just as a...
Bitcoin's 50-day moving average recently crossed above its 200-day average, a pattern known as a golden cross often seen as a buy signal. Historical data since 2014 shows that Bitcoin's price rose 90 days after eight out of eleven golden crosses, ave...
Raoul Pal, founder of Real Vision, predicts Bitcoin will outperform the Nasdaq 100 following recent interest rate hikes by the Federal Reserve and Bank of Japan. Despite expectations that higher rates would hurt Bitcoin, its price surged past $81,000...
ARK Invest CEO Cathie Wood responded to venture capitalist Jason Calacanis's claim that Bitcoin's recent price rebound is just a "dead cat bounce" and that the cryptocurrency has lost its technological edge. Wood argued that Bitcoin is far from dead ...
Billy Markus, Dogecoin's cofounder, posted an ambiguous message on X saying "we're so back?" during a crypto market recovery where major coins like Bitcoin and Ethereum rose 5% and 6% respectively. Dogecoin itself gained nearly 4%, but Markus did not...
