Bitcoin is trading near a critical support level at $76,527, which is crucial for maintaining its short-term recovery wave structure. The price is currently stuck below stronger resistance around $79,000 and faces pressure from CME gap zones between $78,000 and $85,000. Analysts note that if Bitcoin holds above $76,527 and moving averages near $78,000, the bullish setup remains intact; however, a break below this level could signal deeper correction and delay recovery. The market remains uncertain with Bitcoin chopping sideways, awaiting a clear breakout above $82,000 to target higher resistance zones.
Bitcoin was rejected at the $81,000 level and subsequently dropped by over $2,000, slipping below $79,000. This marks Bitcoin's weakest price point in the last 10 days. The decline was accompanied by unwinding of leveraged long positions, indicating ...
Michael Saylor could surpass Elon Musk in net worth if Bitcoin reaches $4.2 million, aided by MicroStrategy's premium share valuation. Meanwhile, XRP's price rally paused following the launch of the first U.S. spot Hyperliquid ETF, which shifted inve...
The US Senate is reviewing the Clarity Act, a major digital asset bill that bans interest on stablecoin balances and imposes penalties up to $5 million, while adding the Treasury as a regulator alongside the SEC and CFTC. Despite the bill's significa...
The U.S. Core Producer Price Index (PPI) surged 1% month-over-month, far above the expected 0.2%, signaling persistent inflation pressures across the economy. This unexpected inflation spike led investors to reduce risk exposure, causing Bitcoin to f...
Most major cryptocurrencies saw price declines, with Bitcoin trading near $79,547, down 1.54%, and Ethereum at about $2,261, down 2.02%. Other coins like Solana, Cardano, and Polkadot also dropped significantly, reflecting a broad market pullback. St...
