Institutional investors are showing renewed interest in Bitcoin, with analysts suggesting the market bottom may be near. Despite positive sentiment and regulatory moves by the CFTC and SEC, Bitcoin trading volumes have dropped to multi-year lows, limiting price rallies above $66,000. Key upcoming economic events, such as the July FOMC minutes and Jackson Hole Symposium, could influence market direction. Meanwhile, major banks like Morgan Stanley and JPMorgan have increased crypto ETF holdings, signaling growing institutional exposure.
Bitcoin is testing critical technical levels with support around $78,000 and resistance near $80,350, marked by the 50-week moving average. Traders see a possible rebound from $78,000 toward $83,000-$84,000 if Bitcoin holds this support and breaks ab...
Bitcoin and Ethereum prices fell as strong US jobs data increased expectations for Federal Reserve rate hikes. Investors anticipate the US Consumer Price Index (CPI) to remain steady at 3.4%, while the European Central Bank (ECB) is expected to raise...
Bitcoin's weekly Super Trend indicator has turned bullish for the first time in months, signaling a shift from the recent downtrend to a more stable upward trend. This change coincides with the U.S. Treasury's announcement to double its long-end buyb...
Despite a recent price correction that pushed Bitcoin below $80,000, traders on the Kalshi platform remain optimistic, betting on Bitcoin reaching $85,000 by the end of September. This bullish sentiment follows a strong rally in August, with traders ...
Bitcoin price fell below $80,000 following stronger-than-expected US employment data that increased expectations for a Federal Reserve rate hike. The US added 162,000 jobs in August, keeping unemployment steady at 4.1%, which raised the probability o...
