Bitcoin’s recovery, which began in mid-August, has lost momentum in recent days. While $BTC rose above $81,000 in August, it subsequently fell back to around $76,000. While Bitcoin continues its sideways movement, Glassnode noted that $BTC is losing momentum in the supply zone where long-term investors are concentrated. Bitcoin’s Rise Was Thwarted by a Supply
Bitcoin ($BTC) surged following dovish statements from the Fed. Bitcoin climbed above $81,000 as expectations of a rate hike diminished after Fed Board member Christopher Waller indicated he might support keeping interest rates unchanged in September. Waller stated today that, barring any unexpected increases in upcoming inflation data, the Fed favors maintaining current interest rate
Owning just 0.1 Bitcoin can put a holder ahead of approximately 90% of everyone else who holds any Bitcoin, according to a tweet from the commentator Strike. This statistic emphasizes the growing significance of ownership in Bitcoin as demand continues to fluctuate. As more investors seek to enter the market, even small amounts could represent
Bitcoin ($BTC) is currently trading at the $77.5K mark. The short-term momentum is weaker than the long-term. The largest and dominant asset, Bitcoin ($BTC), is trading at $77,578 with a 24-hour range of $76,297 to $77,830 and a seven-day range stretching from $76,297 to $81,281. Also, its volume sits at $26.79 billion. The bounce from
Bitcoin traders are now eyeing a pivotal economic release of the month. The report of nonfarm payrolls for August is expected to be released on Sept. by the U.S. Bureau of Labor Statistics. 4. The numbers will shape expectations for the Federal Reserve’s Sept. policy meeting. Oil prices have also been on the rise, adding
Strategy (MSTR) chairman Michael Saylor has drawn a direct analogy between accumulating cryptocurrency and an aristocratic sport. The billionaire posted a 25-second video filmed on a golf course, where he methodically sinks balls into holes while wearing a business suit in front of an audience. The main message of the post is that investing in
Bitcoin is testing a roughly $68 billion breakeven wall that has repeatedly stalled its push back above $80,000. About 880,000 $BTC carry a cost basis between roughly $77,500 and $80,300, leaving a large group of holders close to where they originally bought, Bitfinex Alpha data shows. Data from CryptoSlate shows Bitcoin trading near $77,890 as
Bitcoin is trading right below an important technical ceiling near $78,000, and according to experts, what happens next hinges on a level rather than a headline, though right now the two are colliding. Clear the EMA ribbon sitting at $78,000 and an analyst says the $100,000 comes into play. Slip to a weekly close below
Bitcoin trades near $77,381, and Glassnode says 68% of circulating supply now sits in profit at this level, up from 65% when $BTC traded here in May. That three-point gap works out to roughly 600,000 additional $BTC, an estimate worth about $47 billion at current prices, that could be sold for a gain before Bitcoin