Bitcoin has traded in a narrow range between $76,500 and $79,500 for five days, supported by an active-investor cost basis near $76,350 which absorbs selling pressure. Long-term holders show limited profit-taking, while downside options protection clusters between $68,000 and $75,000 and calls favor a move above $80,000. Despite risks from potential U.S. interest rate hikes and geopolitical tensions, Bitcoin's price structure remains intact, with corporate buyers like Strategy purchasing significant amounts to offset cooling ETF demand. Analysts expect any price corrections to be short-lived and limited as Bitcoin stays above key support levels, with potential upside if it closes above $82,818.
The cryptocurrency market experienced a $369.67 million liquidation wave, heavily impacting XRP, Ethereum, and Solana due to rising oil prices, higher U.S. Treasury yields, and expectations of a Federal Reserve rate hike. Over 90,000 leveraged trader...
Bitcoin and XRP are displaying a rare 'Bart Simpson' chart pattern, characterized by a rapid price rise, sideways trading, and a sudden drop, raising fears of a sharper market correction. Bitcoin surged from around $64,420 to nearly $80,700 in early ...
September started with a market downturn affecting cryptocurrencies and traditional assets, with Dogecoin cofounder Billy Markus commenting wryly on the usual seasonal decline. Over $361 million in crypto positions were liquidated recently, reflectin...
In August's top crypto news, Mastercard sponsored an XRP Ledger hackathon in New York, signaling growing ties with Ripple. Legendary trader Peter Brandt reversed his bearish stance, buying Bitcoin after a key technical breakout pushed prices above $7...
Bitcoin's price fell below $78,000, retreating from its recent high of $81,455, but managed to hold above the critical support level around $76,000. Despite short-term weakness and lower trading volumes during rebounds, longer-term moving averages re...
