Bitcoin extended its recovery on Monday, climbing above $66,700 and posting a strong daily gain. The latest rally has improved market sentiment and pushed the cryptocurrency closer to a key technical resistance zone. However, several analysts remain cautious as historical price patterns and the upcoming Federal Reserve meeting continue to weigh on expectations. $BTC traded
Bitcoin price traded above $66,500 on Monday after recovering nearly 4% over the previous week. The rebound followed Sunday’s report that the United States and Iran had reached a preliminary peace deal, which lifted risk appetite across crypto markets. The move came after Bitcoin suffered a sharp weekly decline earlier this month. In an X
Adam Livingston has drawn attention to a contrast in modern investing: buyers accept high valuations for companies whose expected profits sit years ahead, yet some reject Bitcoin since its future is uncertain. Modern investing is incredible. People will pay 71x earnings for a food delivery app because maybe profits will grow. Then refuse to buy
Cryptocurrency wallet provider Exodus (EXOD) has announced its digital asset reserves for May. The company increased its Bitcoin ($BTC) and Solana ($SOL) positions while decreasing its Ethereum ($ETH) holdings. The data indicates that the company is beginning to place more weight on Bitcoin and Solana in its portfolio strategy. According to information published by Exodus,
Gold (Au) is setting up for a short squeeze as gold funds posted -$2.3 billion outflows last week, marking the fourth consecutive weekly decline, with a 4-week average of -$2.0 billion. This is only below the -$3.5 billion 4-week average record seen in February. Meanwhile, Bitcoin ($BTC) is preparing a 3-Month short squeeze timeframe confluences
Summary The Bank of Japan raised its key interest rate by 25 basis points to 1 percent, the highest level since 1995, while signaling it may tighten further if inflation accelerates. Despite rate hikes typically weighing on risk assets, bitcoin rose from about $65,600 to $66,000 after the decision, as markets focused on the BOJ’s
Danny Sanders, a senior executive at hardware wallet manufacturer Trezor, said that the increasing practice of holding Bitcoin in ETFs could pose long-term risks to the fundamental principles of the cryptocurrency sector. Speaking at the BTC Prague event, Trezor Business Director Sanders stated that there are approximately 600 million cryptocurrency users worldwide, but only about
Bitcoin price climbed to a two-week high Monday as a U.S.-Iran ceasefire removed one of the market’s most persistent macro overhangs, sending crypto-linked equities surging ahead of what traders are framing as the week’s real test: Federal Reserve Chair Kevin Warsh’s first FOMC meeting. Bitcoin price traded near $67,000 up 4% in 24 hours, after
Bitcoin price is trading at the $66K mark. If momentum holds, this region is $BTC’s next major resistance target. Bitcoin has finally reclaimed and broken above the key $64,360 resistance level, a zone that had capped price advances over the past several sessions. The chart shows multiple failed attempts to push through this level, making
Bitcoin price entered the weekend somewhat battered and bruised, fresh off a gut-punch to $59,000 on June 5 — its weakest footing since October 2024 — and with no shortage of skeptics ready to call the bull market dead. But by Monday morning, the picture looked different. The world’s largest cryptocurrency clawed its way to