Bitcoin has remained stable above $63,000 and gained about 6% in July despite declines in AI-related tech stocks. Ahead of the Federal Reserve's upcoming decision, markets are divided on whether rates will rise, with a 70% chance of no change and 30% chance of a hike. Analysts note that bitcoin's correlation with traditional equities has weakened, suggesting the Fed's move may impact crypto less than other risk assets. Any dovish signals from the Fed could further boost bitcoin's performance relative to AI-driven stocks.
Bitcoin dropped about 2.5% to near $63,327 as traders reduced risk ahead of the Federal Reserve's interest rate decision. US spot Bitcoin ETFs saw $11.64 million in net outflows, adding selling pressure alongside leveraged liquidations. Technical ind...
Ethereum (ETH) has outperformed Bitcoin (BTC), gaining over 19% compared to Bitcoin's 5% increase, supported by three bullish signals: the ETH/BTC ratio hitting a three-month high, the clearing of Ethereum's validator exit queue, and consistent posit...
The Federal Reserve's upcoming rate decision has markets divided, with CME FedWatch showing a 31.5% chance of a rate hike and 68.5% chance of holding rates steady. Bitcoin has fallen nearly 2% ahead of the announcement, trading near $63,700, down 46%...
Bitcoin failed to sustain its breakout above the $66,000 resistance and 200-week EMA, confirming a false breakout and reinforcing a bearish outlook. The price is now trading between $66,000 and $60,000, with $60,000 as a key support level. If $60,000...
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
