Bitcoin ($BTC) hit ten-day lows at Tuesday’s Wall Street open as $BTC price action followed a US stocks sell-off. Key points: Bitcoin price action reacts to contagion from an Asia stocks sell-off as it hits US markets. Chip makers are at the epicenter of the reversal with South Korea’s KOSPI Index closing the day down
Hyperscale Data, Inc. announced another Bitcoin buy, bringing its holdings up to 1,106 digital coins — worth $69.7 million at today’s prices. NYSE-listed Hyperscale added just 18.594 Bitcoin to its stash since last week’s buy of 51.5 coins. Hyperscale shares (GPUS) were trading nearly 4% lower Tuesday morning in New York. “Every Bitcoin we acquire
A Detailed Explanation Pal, founder of financial media platform Real Vision and a retired Goldman Sachs hedge fund manager, is one of the most closely followed macro voices in crypto who has spent much of the last seven months arguing that liquidity conditions, not fundamentals, drive digital asset prices. Via a post on X, Pal
Bitcoin’s [$BTC] latest recovery attempt ran into heavy selling before buyers could reclaim higher ground. After briefly reaching $66,932, bearish pressure quickly erased the advance. This shift signaled that sellers remained firmly in control. That rejection became more significant when the price slipped below the $65,718 support. This turned the former demand zone into overhead
Bitcoin (BTC) is struggling below $64,000 ahead of the U.S. Federal Reserve’s interest rate decision on 29 July, but artificial intelligence (AI) predicts the cryptocurrency will regain some footing by the end of the quarter. Namely, OpenAI’s leading chatbot ChatGPT has argued that Bitcoin is most likely to end the third quarter in the $68,000-78,000
Bitcoin’s price yet again failed to secure the resistance above $65,000 as the market conditions turn bearish. The token struggled below the range, despite a strong recovery from the lows around $57,650. Currently, the price is trading around $63,450 after experiencing a drop of nearly 2.76%, while trading volume increased by 23.85%. On the other
Bitcoin is approaching a crucial technical stage, with analysts outlining sharply different paths for the cryptocurrency. One chart ties a possible move toward $75,000 or $50,000 to the Clarity Act, while another projects a late-August low before a potential recovery. $BTC Could Target $75,000 if Clarity Act Passes Bitcoin traded near $64,600 as analyst Ted
Bitcoin’s Third Break Below $64,000 This Week The $64,000 level has become a battleground of sorts for bitcoin traders over the back half of July. To this point, Bitcoin.com News reported a slide below the level late last week when the asset retreated from nearly $67,000 and triggered an $87 million liquidation event, split between
The upward movement for the leading cryptocurrency, Bitcoin, was again cut short. Yesterday, after starting the new week above $65,000, $BTC fell to $63,000 due to a sharp sell-off in Asian markets related to chip trading and renewed fears about a Fed interest rate hike. As $BTC continues to experience sharp declines due to macroeconomic
Bitcoin price has fallen to the $63K threshold. The rising wedge has broken down, handing control to bears unless $BTC recovers the trendline. As of July 28, Bitcoin ($BTC) has dropped by 3.11% and is currently trading at $63,274. Also, the daily trading volume is up by 75% to $27.79 billion. This volume spike during