A relatively small change in the U.S. government bond market helped set off one of bitcoin’s sharpest rallies in months this week, as falling long-term yields gave traders an excuse to unwind a record pile of bearish crypto bets. The U.S. Treasury said it would double the size of its buyback operations in the longest-dated
Raoul Pal, co-founder of Real Vision and a prominent macro investor, has highlighted that Bitcoin recently entered a deeply oversold zone relative to the Nasdaq, trading more than two standard deviations below its historical mean before staging a sharp rebound. Pal, who has long been a vocal advocate for digital assets, noted that while it
Why Bitfinex Sees a Longer Runway Than a Squeeze Bitcoin’s climb to a multi-month high has left every buyer from the past five months sitting on a paper gain. The price peaked at $79,491 on Aug. 21, and analysts at crypto exchange Bitfinex said spot demand and short covering, not fresh leverage, carried the move.
Bitcoin has crossed the $79,000 threshold, trading at $79,080.09 on the Binance $USDT market as of the latest data. The move marks another step in the cryptocurrency’s recent upward momentum, though traders remain cautious about potential volatility. Market Context: Bitcoin’s Recent Price Action The latest price increase follows a period of consolidation above the $75,000–$78,000
Bitcoin’s rebound from a summer consolidation period gained momentum as improving on-chain conditions further bolstered the broader bull market structure. The latest move pushed $BTC price toward a crucial area where overhead supply had previously remained relatively thin. Bitcoin, however, had already created solid support levels between $61,849 and $63,111 prior to the recent price
Bitcoin has climbed above the $78,000 mark for the first time in recent trading, reaching $78,012.26 on the Binance USDT market, according to Bitcoin World market monitoring. The move extends a broader upward trend that has seen the leading cryptocurrency gain momentum over the past week, fueled by renewed institutional interest and improving market sentiment.
Bitcoin’s recent recovery from its June lows has caught the attention of analysts, with Galaxy Research suggesting that reclaiming a key technical level could confirm that the current market downturn has already bottomed out. In a report released this week, the firm highlighted the significance of the 50-week moving average (MA) as a robust indicator
Bitcoin Consolidates Near $77,000 After Multi-Month Peak Bitcoin (BTC) appeared to consolidate above $77,000 hours after reaching a multi-month peak. Despite the retreat, bitcoin remained on course to close the week with its highest gains in August so far, as it finally broke the $65,000 resistance level following weeks of failed attempts. However, before the
Bitcoin rose to its highest level in three months on Friday, capping a three-day rally that lifted every major token and broke a seven-week range, after President Donald Trump pressed the Senate to pass the CLARITY Act at a White House meeting with crypto executives on Wednesday. The Senate has a date. Cloture on the
Bitcoin has climbed about 23% over the past week to $77,535 as Bitfinex analysts say spot buying, ETF inflows and limited leverage could give the rally more staying power than a typical short squeeze. Why Bitfinex sees more runway for Bitcoin Bitfinex analysts told crypto.news that forced liquidations helped Bitcoin break out of its previous