Bitcoin is trading close to $64,000 with attempts to break $65,000, but critic Peter Schiff advises holders to sell rather than expect a strong recovery. Schiff sees $65,000 as a key resistance level with more downside risk than upside potential, favoring gold and silver as better stores of value. The recent Bitcoin rebound is supported by declining expectations of a Federal Reserve rate hike, which improves conditions for risk assets. The market will watch closely if Bitcoin can sustain a move above $65,000 to confirm a stronger recovery or face another rejection that could keep it range-bound.
Bitcoin gained about 2.6%, reaching the $64,400-$64,500 range, while the S&P 500 dropped roughly 0.5% due to profit-taking in tech stocks. This marks a rare day where Bitcoin outperformed US equities, despite being down about 50% from its October 202...
Bitcoin surged 2.6% to over $64,000 on Monday, marking its best daily gain in over a month and outperforming the S&P 500, which fell 0.52%. This is notable as Bitcoin has underperformed the S&P 500 on about two-thirds of trading days in the past thre...
Bitcoin's price rebounded strongly to $64,500 after briefly dipping below a key bull market trendline. Technical patterns like a falling wedge breakout, a double bottom, and an inverse head and shoulders suggest this could be the bottom of the recent...
Bitcoin ETFs saw over $500 million in net inflows in Q3, though this only partially offsets $4 billion withdrawn in June. Jane Street notably increased its Bitcoin ETF holdings by around $630 million in Q2 after a sharp sell-off in Q1, signaling rene...
Bitcoin climbed back above $64,000 after a dip below $63,000, yet the broader crypto market remains mixed with XRP and BNB falling and Bitcoin dominance rising to 58.8%. Spot Bitcoin ETFs experienced significant outflows last week, signaling reduced ...
