Bitcoin price has traded below its two-year bull market channel for six weeks, with a 2021-style rounded top and VanEck’s hashrate drop data framing a pivotal retest of resistance. Summary BTC broke below a long-running ascending channel and has since logged three failed reclaims, turning the channel’s lower boundary into stiff resistance. Current price action
Vice President JD Vance recently stated that cryptocurrencies and digital assets, especially Bitcoin, are now part of the mainstream economy. According to Vance, this development signals that digital currencies are no longer a niche investment, but an integral part of financial systems worldwide. His comments come amid increasing adoption of Bitcoin and other cryptocurrencies by
Nubila Network, an artificial intelligence (AI), real-world data, and Web3 entertainment, has partnered with Audiera, a Web3 music and audio platform. The main purpose of this strategic partnership is to merge real-world signals with AI-generative music for an interactive experience. AI can create.AI can perform.But can it feel the moment? Nubila 🤝 @Audiera_web3 Real-world signals
About $23.6 billion worth of Bitcoin (BTC) options are set to come off the books on Friday, December 26, marking the largest BTC options expiry in history. More specifically, open interest data on CoinGlass as of December 23 shows a heavy concentration of call options between $100,000 and $120,000, signaling that many traders are positioning
Key Takeaways IMF discussions with El Salvador focus on Bitcoin transparency and risk mitigation. El Salvador’s economic growth surpassed projections amid ongoing structural reforms and EFF review. The International Monetary Fund (IMF) said talks on selling El Salvador’s Chivo e-wallet have made substantial progress, with an emphasis on enhancing transparency, safeguarding public funds, and mitigating
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2702.73, down 0.8% (-22.99) since 4 p.m. ET on Monday. None of the 20 assets are trading higher. Leaders: LTC (-0.3%) and CRO (-0.4%). Laggards: UNI (-3.7%) and ICP
It’s been pretty boring on the bitcoin front, and the king of crypto seems stuck in a range tighter than a miser’s wallet. After teasing bulls and bears alike with a high near $90,353, bitcoin has retreated into a well-worn channel, leaving analysts decoding tea leaves and trendlines for a clearer direction. Bitcoin Chart Outlook
Bitcoin (BTC) remains below $90,000 ahead of Christmas, with analysts warning of a record-high option expiration date on Friday. Analysts cite decreased liquidity due to the Christmas holiday and increased demand for traditional safe havens like gold as the main reasons why Bitcoin remains below $90,000. These factors are putting pressure on risky assets like