Bitcoin’s BTC$66,207.78 tepid July rebound is nearing its biggest test yet. After climbing above $66,000 on Tuesday, its highest level in more than a month and roughly 15% above its early July low, the largest cryptocurrency is closing in on the $68,000 area, a price that Bitfinex analysts said could determine whether the rally gathers
Bitcoin’s surge from around $64,000 to over $66,000 in just two days has sparked debate about whether a new bull trend has begun in the cryptocurrency market. The on-chain analytics platform CryptoQuant, however, reported that the recent move was supported more by leveraged trading than strong spot demand. According to CryptoQuant’s analysis, the brief negative
The market is signaling that Bitcoin could be vulnerable to more volatility. According to a recent Glassnode report, $BTC saw strong realized profit-taking around $65k, while hot capital increased and sell-side pressure started building. These signals suggest Bitcoin’s move toward $70k could face more resistance before a breakout. Notably, other on-chain metrics are showing a
Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, has reiterated the bank’s ambitious price targets for Bitcoin, stating that the cryptocurrency may have already found its bottom for the current cycle. Despite recent market volatility, Kendrick maintains that a move to $100,000 remains possible within the year, while the long-term target of $500,000 may
Bitcoin’s price jumped Tuesday to its highest in over one month, bringing crypto stocks like Bitcoin treasury’s Strategy with it. The Bitcoin price was recently priced at $66,886, up nearly 3% in 24 hours. Over the past seven days, the leading cryptocurrency has risen by close to 6%. Its rise comes as stocks also trade
Bitcoin [$BTC] surged past the $66,000 mark for the first time since the 17th of June. The move tracks a broader market recovery playing out across altcoins, with the total crypto market capitalization crossing $2.25 trillion on the back of the rally. Yet the data shows Bitcoin may still be undervalued at its current price,
Bitcoin ($BTC) built on gains at Tuesday’s Wall Street open as crypto echoed resilient US stock markets. Key points: $BTC price action approached $67,000 despite new geopolitical and macroeconomic pressures. Neither the US-Iran war nor proposed international trade tariffs were able to disrupt risk-asset upside. Bitcoin needed a reclaim of its 21-week simple moving average
Lawrence Lepard, founder and portfolio manager at Equity Management Associates, assessed the recent declines in the cryptocurrency market, the MicroStrategy controversy, and global monetary policies. Lepard attributed Bitcoin’s drop to the $58,000 level to an exaggeration of market fears (FUD), recalling past lows of $4,000 and $15,000. The renowned investor stated that investors’ anxiety during
While the leading cryptocurrency Bitcoin has climbed above $66,000 with the upward momentum it has gained in recent days, the picture also looks positive for altcoins. However, Santiment warns against the rise in the short term for $BTC and some major altcoins. In this context, the cryptocurrency analysis platform Santiment examined MVRV ratios. As recovery
Bitcoin reclaimed the high-timeframe range at $66K. $BTC repeats the setup seen before the 2015, 2019, and 2022 rallies. As of July 21, the Bitcoin ($BTC) price is trading at $66,286, breaking above and reclaiming the high-timeframe support range at $66K. It was a level the market has been watching for weeks. Moreover, last month,