Legendary trader Peter Brandt cautions that the recent Bitcoin price increase is not the start of a new bull market but a temporary move within a bearish channel. This view is supported by rising US inflation data, with producer price index (PPI) inflation hitting 6%, higher than expected, and revised inflation figures indicating accelerating inflation pressures. Brandt highlights Bitcoin's rejection at the upper boundary of a bearish channel and signals a potential drop if prices close below $79,145, suggesting a further decline toward the channel's lower boundary. This warns investors that Bitcoin has not yet found a bottom and may face prolonged downward pressure amid macroeconomic challenges.
Trading volume in altcoins outside the top five cryptocurrencies has recently surpassed long-term averages, signaling growing interest beyond major assets like Bitcoin and Ethereum. This shift, seen in CryptoQuant data, suggests a potential capital r...
Cryptocurrency markets exhibit mixed performance with Bitcoin falling 1.22% to $79,669 and Ethereum down 0.40% to $2,263.44. Binance Coin stands out with a 2.64% increase to $671.45, while other coins like Solana and TON experience notable declines. ...
Strategy, led by Michael Saylor, purchased an additional 2,110 Bitcoins on May 13, 2026, funded by proceeds from its STRC preferred share program. This brings Strategy's total Bitcoin holdings to approximately 820,979 BTC, about 4% of the total Bitco...
Following Donald Trump’s 2024 presidential win, Bitcoin initially rose but has since shown mixed performance, rising 18.73% from election day to May 2026 but falling 21.08% since his inauguration. Other major cryptocurrencies like Ethereum and Solana...
Bitcoin remains above $80,000 despite inflation-driven macro pressures linked partly to Iran tensions. Analyst Matt Mena suggests a drop below $80,000 could push bitcoin toward $78,000 and possibly $75,000 if selling increases. However, the recent in...
