Bitcoin could break out of its “sideways funk” if the United States central bank attempts to support a failing Japanese bond market by printing money, according to BitMEX founder Arthur Hayes. Hayes proposed a theory on Wednesday about how the Federal Reserve “could be printing money to manipulate the yen and JGB [Japanese government bond]
Bitcoin price started a recovery wave above $88,000. $BTC is slowly moving higher and might rise further if it clears $89,600. Bitcoin started a minor recovery wave above the $88,000 level. The price is trading above $88,500 and the 100 hourly simple moving average. There is a rising channel forming with resistance at $89,600 on
Bitcoin’s latest rebound has been unusually weak. After dipping to the $85,970 zone, the Bitcoin price bounced just 4% before stalling near $89,380. That $BTC price move came despite fresh ETF headlines and signs of technical stabilization. The problem is timing. Rate-cut optimism is near zero heading into the Federal Reserve decision, and macro caution
Bitcoin remains locked in a tight 60-day range as pressure builds beneath the surface, with four looming macro catalysts increasing the likelihood that the market soon breaks decisively in one direction. Bitcoin 60-Day Range: Research Outlines 4 Macro Catalysts for a Break Market tension is building as price compression persists. Digital asset market maker Wintermute
Cathie Wood, CEO of Ark Invest and known as a big bull in the market, continues to make bold statements about Bitcoin. At this point, Cathie Wood stated that most of the selling pressure on $BTC has ended and the uptrend will resume. Speaking to Fox Business, Cathie Wood stated that the recent drop in
A joint report by Coinbase Institutional and Glassnode analysts included important assessments regarding Bitcoin. Coinbase and Glassnode stated in their report that Bitcoin has entered a more stable and resilient phase, and that $BTC has transformed into a more stable asset. According to the consensus assessment, Bitcoin ($BTC) and its market structure are shifting away
The US Dollar Index (DXY) fell below 96 for the first time since early 2022, losing a 15-year support line that anchored dollar strength since 2011. This key breakdown comes amid President Donald Trump’s latest remarks and a combination of macroeconomic factors. Notably, the DXY’s latest drop has fueled optimism for a Bitcoin ($BTC) rally.
US fast-food restaurant chain Steak ’n Shake has added $5 million worth of Bitcoin to its Strategic Bitcoin Reserve as part of a pledge to funnel all sales made in Bitcoin straight into the fund. The move takes the company’s total Bitcoin ($BTC) holdings to $15 million, equivalent to roughly 167.7 $BTC at the time
The US federal government is heading toward a partial shutdown, putting bitcoin markets on alert. However, unlike last year’s 43-day full shutdown, the smaller scale of this potential closure suggests price impact may be contained. With six of twelve spending bills already passed and historical data showing 60% of shutdown crises end in last-minute deals,
Rick Rieder, a prominent candidate among President Donald Trump’s potential nominees for the FED chairmanship, is drawing attention with his statements regarding Bitcoin (BTC). The forecasting markets currently show a 46% probability of Rick Rieder being nominated as FED Chairman. Rieder, who is BlackRock’s investment director responsible for global fixed income assets, describes Bitcoin as