Bitcoin (BTC) rose 2.14% to $68,875 on March 23, recovering from a 6% weekend drop caused by escalating US-Iran tensions over the Strait of Hormuz. Despite geopolitical risks keeping oil prices high and market sentiment fragile, Bitcoin's on-chain data shows it nearing a historically undervalued zone, suggesting a potential buying opportunity. Technically, BTC is attempting a short-term recovery with resistance near $75,000; a break above could lead to gains toward $80,000. However, weak momentum and ongoing geopolitical risks mean caution is advised, as failure to hold support could lead to further declines.
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
