Bitcoin BTC$64,427.54 remains in its weeks-long $60,000 and $67,000 range in advance of today’s minutes from last month’s Federal Reserve interest-rate setting meeting. After briefly climbing through $65,000 yesterday, the largest cryptocurrency has dropped about 0.5% since midnight UTC. The broader CoinDesk 20 (CD20) index is little changed over the same period. Softer economic data
Bitcoin ($BTC) falling more than 50% from its $126,200 all-time high was a “positioning correction,” BlackRock says. Key points: A BlackRock report attributes Bitcoin’s decline below $60,000 to cascading liquidations as leverage was purged from the market. The long-term $BTC investment thesis as a “low-correlation diversifier” remains intact, analysts confirm. BlackRock sees Bitcoin’s risk-asset correlation
In the past month, Bitcoin ($BTC) has been continuously grinding sideways between $62,000 and $66,000, with a press-time price of $ $64,595. Source: TradingView While dull, this consolidation is a testament to market resilience amid substantial selling pressure. It also reflects the positive market sentiment surrounding Goldman Sachs’ prediction of an “unlikely” September Fed Interest
Bitcoin is struggling to hold its June range floor after $390 million left US spot $BTC ETFs last week, according to Wintermute’s newest market update. The trading firm says falling rate-hike odds have failed to lift $BTC, while ETF redemptions and miner selling have left the market without a strong source of fresh demand. ETF
The trade that used to set the tempo for the entire crypto market has gone numb. Bitcoin’s price swings have compressed to a cycle low, but the speculative energy has not disappeared. According to the original report from CoinDesk, traders who once depended on Bitcoin’s chaos are now chasing setups where a 5x or 10x
For over two months, bitcoin has struggled below $70,000, hovering around $62,000 to $65,000. Still, experts believe that the broader macro market condition is moving in favor of the apex crypto. Crypto exchange Bitfinex stated in its latest edition of the Bitfinex Alpha report that two of the three conditions that can support a $BTC
Bitcoin Rebounds Bitcoin briefly tapped $65,000 on Tuesday even as geopolitical tensions in the Middle East entered a critical phase following the expiration of the 60-day memorandum of understanding between the U.S. and Iran. However, before its sudden spike, bitcoin traded above $64,000, having reclaimed that threshold Monday afternoon. Market data show it held above
Anthony Scaramucci believes Bitcoin’s current bear market could be a sign of strength. He has argued that the cryptocurrency has avoided the much deeper drawdowns that were typical for the previous bear market cycles. During his conversation with CNBC’s Andrew Ross Sorkin from the SALT Conference’s Wyoming Blockchain Symposium, the SkyBridge Capital founder said Bitcoin
Farside’s currently reported $137.3 million U.S. spot Bitcoin ETF inflow on Aug. 17 rested heavily on Fidelity, leaving the session short of a market-wide demand signal. Fidelity Wise Origin Bitcoin Fund, or FBTC, supplied $111.9 million, equal to 81.5% of the displayed total, according to Farside’s live table. ARKB added $14.2 million and MSBT added
Bitcoin has risen above $64,600 after U.S. President Donald Trump said Washington is not holding talks with Iran, while conflicting claims over the Strait of Hormuz kept oil above $91 per barrel. In an Aug. 18 Truth Social post, Trump said the United States and Iran were not holding discussions and had no negotiations scheduled,