Bitcoin ($BTC) saw weakness around Wednesday’s Wall Street open as markets reacted to key US inflation data. Key points: Bitcoin ignores good news around US inflation figures as it dips below $63,500. Fed rate-hike odds cool further as attention now switches to Thursday’s PPI numbers. Bitcoin is eroding $63,000 support, the latest market analysis warns.
Bitcoin’s price dipped slightly before remaining mostly steady after data on Wednesday showed that U.S. inflation was subdued. The price of the largest cryptocurrency recently stood at $63,863, mostly unmoved over a 24-hour period. Over the past week, Bitcoin is also flat. The core consumer price index, which excludes often-volatile food and energy categories, rose
Bitcoin financial services firm Fold could address its Nasdaq share-price problem through a potential reverse split, but the company’s shrinking Bitcoin reserve raises a separate question about how it will fund operations. The company’s Aug. 11 quarterly filing reported that, as of June 30, Fold held 194 $BTC worth $11.4 million in its investment treasury
The leading cryptocurrency has been squeezed into a narrow range around $63,700, while the Bollinger Band Width indicator on the daily chart has contracted to its lowest level since October 2023, pinching the price action into an extreme technical threshold. In traders’ language, this condition is called a “squeeze” — a phase of extremely low
Although Bitcoin has continued to trade downwards, the world’s largest crypto asset is showing signs that the market could be getting ready for another move higher. Amid the inconsistent price moves, Cryptoquant analysts have shared onchain data that unveils a second early bullish signal appearing on its chart. Bitcoin bottom soon? The analyst revealed that
In brief U.S. consumer prices rose 0.1% in July after falling 0.4% in June, the Bureau of Labor Statistics said Wednesday. Over the past 12 months, prices are up 3.4%, a tick below June’s 3.5%. Bitcoin ticked up about 0.3% on the day to roughly $63,750, while total crypto market cap slipped under 1%. U.S.
Range resistance: $BTC failed six attempts above $65,000, with repeated rejections and thin upside volume. Holder dynamics: The $62K‑$65K band contains 1.79M $BTC, keeping price pinned as long‑term holder supply declines. Market tone: Options markets expect CPI to be a non‑event, reinforcing expectations of continued consolidation. Bitcoin continues to struggle at familiar levels even as
If you’ve scanned headlines over the last year, you’ve likely seen the prevailing market narrative: Bitcoin miners are abandoning their operations and pivoting to AI data centers, signaling a retreat from proof-of-work. To casual observers, this looks like a surrender. Proof that Bitcoin was just a temporary placeholder until a “better” compute workload arrived. However,
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Bitcoin (BTC) may be approaching a major breakout after a key volatility indicator reached its lowest level in nearly three years, a setup that previously preceded one of the cryptocurrency’s strongest rallies on record. The latest Bitcoin technical analysis shows that the Bollinger Band Width (BBWidth) indicator has compressed to its narrowest level since October