Although Bitcoin has recently slumped below the $80,000 mark following a recent market correction that has caused Bitcoin to flip to the red territory, Kalshi traders are still bullish on the asset. While optimism appears to have remained high, the latest data from the crypto market prediction platform Kalshi shows that traders are betting on
CryptoQuant data shows that bitcoin investors started realizing major profits after the explosive August rally, disposing of roughly 110,000 $BTC in just a few weeks. Such highly concentrated profit-taking developments have historically been followed by substantial price correction for the underlying asset, the analysts warned. Moreover, several demand indicators have weakened, which could add to
Bitcoin recorded two consecutive lower daily closes after facing rejection at $82,000. $BTC fell to $78,000 before recovering slightly. At press time, Bitcoin traded around $79,621, down 1.6% daily. Its Trading Volume also declined 18%, reflecting slower market activity. Despite weakening price momentum, institutional investors continued accumulating Bitcoin. Why is Morgan Stanley buying Bitcoin? Bitcoin
The Indian rupee (INR) has hit a two-month high after $136.4 billion in foreign currency inflows pushed reserves to a record $729.3 billion, while the Reserve Bank of India’s (RBI) short dollar position reached a record $137 billion. The rupee’s strength is changing the Bitcoin ($BTC) trade for Indian investors, as a stronger INR can
Bitcoin’s 1-Hour Reversal Puts $78,500 Support on Watch The 1-hour chart shows how quickly bitcoin’s price conditions changed in the crazy crypto market. Bitcoin logged a staircase advance through Sept. 3 before clocking a wick at $82,281, followed by a large red candle that drove bitcoin’s price into a cluster of bids around $79,000. Last
Market Reversal Erases Gains Bitcoin erased nearly all its recent gains Friday in a sharp sell-off, sparked by stronger-than-expected U.S. jobs data that experts warn diminishes the odds of a Federal Reserve rate cut sought by the Trump administration. Overnight data showed bitcoin’s rally, which began Thursday morning, pushed the cryptocurrency above $82,000 for the
Bitcoin $BTC has risen roughly 1% over the past 24 hours to trade near $79,000 on Sept. 4, but has surrendered an earlier move above $81,000 after stronger US employment data revived expectations of another Federal Reserve rate hike. Bitcoin’s reversal followed the August US payrolls report, which showed the economy added 162,000 jobs, almost
In brief The U.S. economy added 162,000 jobs in August, nearly triple the 53,000 economists expected, while unemployment held at 4.1%, according to the Bureau of Labor Statistics. Bitcoin fell back below $80,000 after touching a four-month high of $82,240 earlier Friday, as fed funds futures pushed September rate-hike odds to 58% from 49.4% a
Bitcoin price prediction for September 5 stays bullish above $79,112, with $82,800 the level that would end the case that Bitcoin remains in a broader downtrend. $BTC holds near $80,955 after clearing $82,000 for the first time since May 11. Bitcoin Price Analysis: Can $BTC Hold the Breakout Above $82K? Bitcoin Price Analysis (Source: TradingView)
Bitcoin surged back above $81,000 on Friday, gaining nearly 6% over 24 hours as traders focused on a breakout from a short consolidation and a close above the 50-week moving average. $BTC was trading near $81,500, putting an important resistance zone around $82,000-$83,000 within reach. Bitcoin Bull Flag Breakout Puts $95,000 Target in Focus Bitcoin’s