Veteran trader Peter Brandt suggests Bitcoin may face a decline based on a head-and-shoulders chart pattern formed between April and June 2026. The pattern shows Bitcoin's price peaking near $82,000 in May before breaking below a key $75,000 neckline, leading to a drop below $60,000. Brandt indicates a possible retest of around $58,000, near the bottom for 2026, while large holders continue selling significant amounts of Bitcoin. A close above $65,000-$68,000 is needed to revive bullish momentum, but current trends and whale selling pressure suggest caution for investors.
Bitcoin surged above $65,000, gaining nearly 3% over the week, driven by a weak US jobs report that reduced concerns about further Federal Reserve rate hikes. Other major cryptocurrencies like ether, BNB, and Solana also posted gains, while XRP lagge...
XRP's price dropped about 5% last week to around $1.03, underperforming as bitcoin, ether, and solana rose and the overall crypto market grew 1.4%. Although XRP-focused ETFs saw net inflows for a fourth consecutive week, new investments slowed sharpl...
A US congressman has introduced a bill to create a strategic Bitcoin reserve managed by the Treasury and to eliminate capital gains tax on Bitcoin transactions. This proposal aims to support institutional adoption and allow taxpayers to pay federal t...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $65,160 and Ethereum near $1,921. Several altcoins like BEAT and PUMP have seen significant percentage gains, 35.1% and 12.9% respectively, indicating selective investor...
Economist Robin Brooks criticized Bitcoin's role as a safe-haven asset, highlighting its underperformance compared to precious metals like gold during periods of currency debasement. He argues that Bitcoin has not established itself as a reliable sto...
