Bitcoin fell below $60,000 this week due to continued outflows from U.S. spot bitcoin ETFs, a hawkish Federal Reserve, and a stronger U.S. dollar, which made crypto more expensive for foreign buyers. Major cryptocurrencies like ether, XRP, and solana also posted significant weekly losses, while tron was the only major token to gain. Analysts warn that bitcoin nearing its 200-week moving average could signal a prolonged crypto winter. The upcoming U.S. inflation data will be crucial in determining whether the downturn deepens or eases. Meanwhile, AI-related stocks rebounded strongly, with Micron's sales forecast boosting confidence in AI spending and lifting tech stocks.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
