Story Highlights Bitcoin’s fixed supply makes it a deflationary asset, gaining value as fiat currencies lose purchasing power. Everyday costs – from housing to Big Macs – have fallen dramatically when measured in Bitcoin since 2009. Unlike dollars, which lose half their value roughly every 10 years, Bitcoin preserves wealth over time. Inflation is everywhere
Leading digital asset Bitcoin (BTC) hit a record high of $126,199 on Monday, marking a major milestone. However, since reaching this peak, the coin has largely traded sideways, showing signs of hesitation among traders. With many market participants anticipating a potential move below the $120,000 region, on-chain indicators suggest that a short-term downward trend could
Arthur Hayes has declared that the rise of Bitcoin today has less to do with its programmed halvings and more to do with what Donald Trump and Xi Jinping are doing with their currencies right now. In his latest essay, “Long Live the King,” the crypto trader says he thinks every society still fights over
While Bitcoin (BTC) saw less of a surge than gold, gold broke consecutive records. The price of an ounce of gold rose above $4,000, attracting investors. At this point, while investors were switching from Bitcoin to gold due to the fear of missing out on the rise, the famous name said that this was a
Bitcoin’s (BTC) recent rally and new all-time high beyond $126,000 are starting to show signs of overheating on Thursday, October 9, as the daily technical picture flashes historically fairly reliable indicators of a coming correction. Namely, the Tom DeMark (TD) Sequential, which identifies potential reversals by counting consecutive price bars, rose to 9 on the
Over the last hour, bitcoin traded between $122,762 to $123,092 on Oct. 9, with a market capitalization of $2.44 trillion and a 24-hour trading volume of $56.77 billion. Intraday, bitcoin ranged between $121,235 and $124,072, reflecting a period of tight consolidation near recent highs after an extended upward move. Bitcoin Chart Outlook and Price Prediction
Bitcoin price is sitting at a crossroads. After climbing back above 122,000, the chart shows momentum building, but the real driver isn’t just technicals—it’s the Federal Reserve. The central bank just cut rates for the first time this year, yet inflation remains sticky and job growth is slowing. Traders are betting on more cuts, but
Today, the price of Bitcoin has slightly decreased. On Monday, it recorded a new all-time high above $126,000, but by Tuesday it had already fallen below $121,000. Yesterday there was a timid attempt at a rebound, with a rise up to $124,000, but at that point, a new decline began. Summary Today’s Decline in Bitcoin
The latest Bitcoin price rally appears to be losing momentum after a record-breaking run, with prices now testing key levels that could decide its next move. Summary Bitcoin price trades near $122,000 after briefly dipping toward $120,600, marking a mild cooldown following its surge to new all-time highs. The multi-day rally from early October’s “Uptober”