Bitcoin is approaching a key resistance level at $66,000, with net inflows to Bitcoin ETFs surging to $850 million in the first week of August, five times July's total. This increased demand could help Bitcoin break past this ceiling, potentially triggering a rise to $75,000 based on a bullish inverse head and shoulders pattern. However, challenges like macroeconomic headwinds, recent security exploits, and geopolitical tensions remain risks. If Bitcoin fails to break $66K, it may retest $60,000, but positive momentum indicators suggest a possible bullish breakout soon.
Crude oil prices surged more than 2.7% after Saudi Arabia shut its East-West pipeline due to drone attacks, threatening up to 4% of global oil supply. This supply disruption pushed Brent crude above $107, while geopolitical tensions in key shipping c...
Bitcoin is losing its status as independent 'digital gold' and is now closely tracking the U.S. stock market, particularly the S&P 500. This growing correlation raises concerns that Bitcoin could face a sharp decline if U.S. equities correct, especia...
Bitcoin's traditional four-year cycle, where price bottoms occur 770-900 days after halvings, is showing signs of change. This cycle, Bitcoin reached a new all-time high before the halving, diverging from past patterns. Institutional inflows via spot...
This week in crypto, Pump.fun introduced a new trading model pairing memecoins with tokenized stocks on Solana, expanding crypto's reach. Hunter Biden's LAPTOP memecoin crashed 98% shortly after launch, highlighting market volatility. The Liquid netw...
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, warned that Bitcoin's price might fall significantly to $10,000 if the S&P 500 index drops by 20%. He cited the resistance at $80,000 for Bitcoin, expected Federal Reserve interest ...
