Bitcoin surged about 23% over the past week to around $77,535, driven by spot buying, strong U.S. spot Bitcoin ETF inflows exceeding $1.1 billion, and limited new leverage, which suggests a more sustainable rally than a typical short squeeze. Bitfinex analysts highlight the $68,000-$69,000 range as a crucial support zone, reinforced by Bitcoin reclaiming its 200-day moving averages, signaling potential for continued gains. However, rising U.S. Treasury yields and the risk of profit-taking from coins moved to exchanges could challenge the rally's momentum. Ongoing ETF inflows and macroeconomic factors will be key to watch for the rally's durability.
Bitcoin surged past the $65,000 resistance level to reach a multi-month high near $79,500 before settling around $77,300, positioning it for the best week of August so far. This rally wiped out $709 million in short bets and pushed Bitcoin's market c...
Bitcoin Cash surged 29.41% to $288.53 in a single day, the largest gain among major cryptocurrencies during the recent rally. This spike was driven not by any Bitcoin Cash-specific news but by a broader market risk-on sentiment triggered by a US Trea...
Cryptocurrency markets display varied performance with Bitcoin priced at $77,255, up 7.2%. Significant gains are seen in altcoins such as Bitcoin Cash (BCH) rising 30.3% and Zcash (ZEC) up 16.2%. Other notable increases include XRP, ADA, and AAVE, re...
Bitcoin surged about 24% over the past week to around $76,844, driven by short liquidations and recovering inflows into U.S. spot Bitcoin ETFs. Standard Chartered's analyst Geoff Kendrick suggests that the current rally could push Bitcoin closer to i...
Cryptocurrency markets experienced significant gains, with Bitcoin rising 7.8% to $77,331 and Ethereum up 5% to $2,391.71. Other altcoins like XRP, BCH, and ZEC saw double-digit percentage increases, indicating broad market strength. Stablecoins rema...
