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 its all-time high of $126,000, potentially after October 6, marking a stronger outlook than the bank's $100,000 year-end forecast. The recovery is supported by low market open interest, allowing investors to rebuild positions, and improving ETF demand, signaling renewed confidence in Bitcoin's price trajectory. While the bank has not officially raised its target, the possibility of Bitcoin revisiting record highs reflects optimism about the cryptocurrency's momentum heading into the end of the year.
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...
Bitcoin gained 20% in just five days, reaching $79,500 and approaching the $80,000 mark, a pace 140 times faster than the stock market's average annual return. This rapid rise was fueled by US Treasury bond buybacks and strong ETF inflows, but Bitcoi...
Hedera Hashgraph's HBAR token gained 5.25% amid a crypto market rally, forming a double bottom pattern with strong support at $0.07. Analysts highlight a key resistance zone at $0.21-$0.22, which if broken, could confirm a bullish breakout targeting ...
Bitcoin broke a year-long downtrend, soaring to $76,945 fueled by a $606 million ETF inflow and US Treasury's bond buyback boost. Strategy's Bitcoin holdings climbed above $64.6 billion, returning the company to over $1 billion in unrealized profit. ...
Betting markets on Polymarket now assign a 59% probability that Bitcoin will reach $80,000 before the end of August, up sharply as Bitcoin surged over 21% this month to around $77,000. The rally was sparked by the US Treasury doubling bond buybacks, ...
