Bitcoin's price is forming a potential bullish inverse head-and-shoulders pattern on its daily chart, which could push prices up to $76,000 if confirmed. This pattern, typically signaling a trend reversal, is not yet confirmed and depends on Bitcoin breaking above the neckline at around $66,800. However, regulatory uncertainty around the Clarity Act and a key support level near the 50-day moving average at $63,321 could challenge the bullish outlook. Traders should watch for a decisive breakout above the neckline or a drop below the 50-day average to gauge the next move.
DeFi's total value locked (TVL) slightly declined to $75.12 billion, down 0.3% from last week and about 34% below the year's peak, reflecting cautious capital deployment despite steady network activity. Ethereum remains dominant with over 55% of TVL ...
The U.S. Senate postponed the vote on the Crypto Clarity Act until September, causing XRP to drop 5.5% over the week, the largest decline among major cryptocurrencies. Bitcoin remained stable around $64,300, supported by inflows into spot bitcoin fun...
Bitcoin traders are closely watching the July US nonfarm payrolls report, with forecasts predicting only 83,000 new jobs and stable unemployment at 4.2%. A weaker report could boost Bitcoin by raising hopes for easier Federal Reserve policies, simila...
Bitcoin fell to around $64,384 after failing to break above the $65,000 resistance level, following stronger-than-expected US jobless claims data that suggest a resilient labor market. The initial jobless claims were 199,000, below economists' foreca...
Bitcoin briefly neared $65,000 on August 6, maintaining support above $64,500 despite some intraday dips. The cryptocurrency's market cap approached $1.3 trillion, contributing to the broader crypto market cap nearing $2.29 trillion. Reduced short li...
