This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. DXY vs BTC Last week, the Federal Reserve (Fed) delivered its first interest rate rate cut since December, while signaling more easing in the coming months. Yet, despite this dovish move, the dollar index (DXY), which tracks the greenback’s value against
Bitcoin price failed to extend gains above $117,750. BTC is now moving lower and might even test the $113,200 support zone. Bitcoin started a fresh decline below the $115,500 zone. The price is trading below $115,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $115,200
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Monday’s edition is last week’s wrap-up of bitcoin moves and this week’s forecast, brought to you by Paul Kim. Grab a green tea and watch this space. The highly anticipated interest rate cut finally became a
Bitcoin’s political future may be on the cusp of a major shift, according to a series of high-profile crypto figures fueling anticipation ahead of a Tuesday announcement. Tether CEO Paolo Ardoino has added to the hype, highlighting Bitcoin’s resilience and declaring the pioneer crypto as certainty. Bitcoin is Certainty Says Tether CEO as Political Bombshell
Jimmy Song, a Bitcoin (BTC) developer and advocate, slammed the decision by Bitcoin Core developers to remove the OP_Return limit for non-monetary data embedded on the Bitcoin blockchain in the upcoming Bitcoin Core 30 upgrade, calling it “fiat” mentality. Song accused the Core developers of deflecting user concerns about removing the OP_Return limit, which is
Bitcoin is at a pivotal moment as it trades below the $120K zone, with price action tightening and bulls struggling to push through key levels. While the broader trend remains bullish, the short-term cooldown can continue before another leg higher. By Shayan The Daily Chart On the daily chart, Bitcoin is still holding within a
The price of Bitcoin has struggled around the $115,000 region for the past few days, but analysts are seeing technical signs that a major breakout is imminent. Crypto commentator Ash Crypto, who has over 2 million followers, highlighted a key technical signal on Bitcoin’s weekly chart: a hidden bullish divergence. This pattern occurs when the
According to timechainindex.com stats, Coinbase now custodies 3,002,996 bitcoin—valued around $347 billion—up from 2,919,643 BTC 57 days ago, a net gain of 83,353 BTC since July 26. Under Management: Coinbase Adds 83,353 BTC Since July 26, Pushing Stack to $347B Data collected from timechainindex.com and compared to a report published 57 days ago, exchange-traded funds
MicroStrategy (Strategy) founder Michael Saylor shared the company’s Bitcoin Tracker data again and drew attention with the statement, “Orange dots are going up and to the right.” Saylor’s statement was interpreted as a potential new buying signal, considering that, according to past experience, MicroStrategy usually announces new Bitcoin purchases the next day. The Company’s Average