Bitcoin price fell nearly 3% from an intraday high of $65,234 to $63,304 as an expected U.S. inflation report failed to push the asset beyond its established trading range. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) price traded near $63,600 at the time of writing after briefly reaching $65,234, leaving the
The DeFi Report, a cryptocurrency and macroeconomics analysis company, announced in its latest assessment of Bitcoin and the overall cryptocurrency market that the bear market has now entered its final phase. The analysis stated that approximately 85% of the bear cycle is behind us, and the remaining 15%, which will determine the market’s fate, largely
While volatility in the Bitcoin market has fallen to one of its lowest levels in recent years, DeFi researcher Sherlock noted that the current squeeze has resulted in strong price movements in past instances. According to data shared by Sherlock, Bitcoin’s 14-day trading range has narrowed to a level narrower than 99.5% of historical data.
Bitcoin’s price action remains at a critical juncture, with data from CoinGlass indicating that a drop below the $62,859 mark could trigger a wave of forced selling. According to the analytics platform, such a move would liquidate approximately $516.39 million in long positions across major centralized exchanges. Conversely, a rally above $64,094 would lead to
Bitcoin remains under pressure below $65,000 as weakening momentum and heavy liquidity beneath the market keep downside risks elevated. Two technical setups point to the $60,500-$62,200 region as the key area to watch before $BTC can establish a stronger recovery. Bitcoin Liquidity Builds Below $62,200 as Bears Eye a Deeper Sweep Bitcoin remains trapped between
Lombard, a protocol focused on Bitcoin liquid staking, has announced a significant shift in how its LBTC token generates yield. The project will move its yield-generation model away from Babylon Bitcoin staking and toward a covered-call options strategy managed by Bitwise, aiming for a 2.5% annual net APY in $BTC terms. Strategic pivot to options-based
Bitcoin had a chance to break higher today, but the move failed to gain real traction, according to one chart analyst who says the setup still points to a bear market where upside attempts tend to fizzle out more often than they succeed. Why Rally Attempts Keep Failing The main issue, according to the analysis,
Mike Novogratz, the founder and CEO of Galaxy Digital, said the U.S. government’s persistent fiscal deficits are keeping him bullish on Bitcoin, the flagship cryptocurrency. He has predicted that Washington’s persistent reluctance to rein in spending will result in forced fiscal discipline. Frightening figures Novogratz made the comments on X in response to investor and
Bitcoin’s next 60 days could be important for determining whether the current bear market reaches a bottom by October or continues into November or December, according to an analysis of historical market cycles. Bitcoin is currently trading around $63,000. Historical data shows that August and September have often been weak months for Bitcoin, particularly during
After reaching its peak of $126,000 in October, Bitcoin entered a bear market, falling to around $57,000 before continuing its sideways movement above $60,000. While discussions continue about whether $BTC, which has been moving sideways between $60,000 and $65,000 for some time, has reached its bottom, one analyst pointed to October as a possible bottom.