At the time of writing at 8:40 a.m. Eastern time on July 27, the chain tip stood at block 959842. Roughly 1,790 blocks remain before block 961632, the point where nodes running BIP-110 software begin rejecting blocks that do not signal version bit 4. At Bitcoin’s average ten-minute pace, that height should arrive on or
Rejections at $65,500 Resistance Drag Prices Lower Bitcoin showed its volatility again on Monday, experiencing two sharp price swings even as tensions in the Middle East eased. After barely holding above $64,600 late Sunday, the cryptocurrency jumped to a session high of $65,500 as markets reacted to reports of a pause in fighting between U.S.
While Bitcoin remains stagnant, analysts on on-chain analysis platforms have noted that a sustained bottom in the market has yet to be confirmed. Nansen reported that the possibility of Bitcoin retesting the $52,000 to $58,000 region remains. According to the company, this week’s Federal Reserve interest rate decision and Strategy’s second-quarter financial results are among
Bitcoin $BTC$64,994.59 and the crypto market have stayed somewhat resilient on Monday even as AI-linked tech stocks came under pressure. $BTC held around $65,000, up 4% since Friday, while ether ($ETH) hit its strongest price in nearly two months. Meanwhile, Nvidia’s 4.8% decline led AI-favorites lower, even as the overall Nasdaq was about flat thanks
Bitcoin is trading roughly 50% below its all-time high set back in October, and more than 40 weeks into the current downturn, four separate long-term indicators are converging in a way that has historically marked the later stages of a bear market rather than the early ones, according to one analyst. A Historically Accurate Model
Investment bank TD Cowen has sharply reduced its price target for Nakamoto, a publicly traded company that holds Bitcoin as its primary treasury asset, by 58% to $17 from $40. The significant downgrade, first reported by The Block, reflects a weakening outlook for Bitcoin and growing concerns over Nakamoto’s leveraged capital structure. Behind the Downgrade
Bank of America analysts recently warned that August could be a difficult month for US stocks, suggesting investors look at safer options like the US dollar and gold. They point to typical summer slowdowns and overall market conditions that might make people more cautious. The big question now for crypto investors is whether Bitcoin will
Bitcoin ($BTC) sought to build on local highs at Monday’s Wall Street open as US stocks opened in the green. Key points: Bitcoin approached new local highs with the start of the week’s first US trading session. Stocks also opened higher amid relief over a hiatus in the US-Iran war and potential progress on reopening
In a recent social media post, Bitcoin nemesis Peter Schiff predicted that Strategy’s Bitcoin yield will end up being negative this year. This comes after the company’s stock surged by as much as 7% earlier this morning due to the company strengthening its dollar reserve. “Extra corporate risk” Strategy previously claimed that it could raise
Bitcoin ($BTC) heads into the end of July juggling volatility catalysts as the Federal Reserve reacts to US inflation. Key points: The Fed will deliver its latest decision on interest rates as US bond yields spike, with markets seeing a September hike as likely. June PCE inflation is due on Thursday after hitting a three-year