With Bitcoin price is still in the red and price trading sideways all week, investor sentiment has weakened and demand is slowing. Summary Bitcoin’s price has been hovering around $113,000 for the past week as the market struggles to find momentum. The cryptocurrency has lost approximately 8% over the week and is now 8.4% below
Bitcoin has experienced notable volatility recently, with the crypto king falling to $112,500 twice this month. While this price movement may appear concerning, it’s important to understand the dynamics behind the decline. This drop is largely driven by leveraged positions and is unlikely to last long, given the broader market conditions. Bitcoin Investors Are Not
Key bitcoin BTC$113,770.75 indicators are signaling a potential shift to a bearish market regime as traders await Federal Reserve Chairman Jerome Powell’s remarks at the Jackson Hole Symposium. The first one is the 180-day call-put skew derived from options trading on Deribit, the largest crypto options exchange by volume and open interest. As of writing,
Bitcoin BTC$114,022.47 hovered above $113,600 on Thursday after a slight rebound, with traders watching Powell’s address for clues on whether the central bank is ready to endorse rate cuts in September. Solana’s SOL (SOL) and dogecoin DOGE$0.2236 led gains among majors with a 4% bump. Gains across XRP XRP$2.9261 , BNB Chain’s BNB (BNB), ether
Bitcoin has retreated from last week’s record high above $124,000, slipping by over 8% in recent days. At the time of writing, the cryptocurrency trades around $113,867, reflecting a 6.3% decline over the past seven days. The correction has raised questions about the forces driving current market dynamics, particularly the role of large holders in
Bitcoin traders are entering a high-stakes standoff ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole symposium on Friday. With conflicting macroeconomic signals and mixed investor sentiment, the directional bias remains unclear for U.S. equities and crypto. The July CPI report, delivered earlier this month, provided a bullish signal with
Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier. However, analysts have been quick to warn that more volatility lies ahead. Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday,
Bitcoin price is attempting to recover from $112,500. BTC is back above $114,000 but faces many hurdles on the way up to $120,000. Bitcoin started a recovery wave above the $113,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance