Bitcoin surges back above $74,000 today, reclaiming a key level amid renewed bullish momentum in the crypto market. This rebound comes as traditional safe-haven assets like gold face pressure amid the oil crisis-fueled strengthening of the US dollar, with experts predicting further upside following a 13% $BTC rally.
Bitcoin price is trading above $73,700 at press time after rising almost 11% over the past seven days, driven by a breakout from a classic cup-and-handle pattern. The move has pushed the crypto market’s largest asset toward a key resistance zone. While technical momentum and strong buying pressure support the rally, several indicators suggest the
While cryptocurrency markets have experienced significant volatility in recent weeks, Mark Yusko, CEO and Chief Investment Officer of Morgan Creek Capital Management, made statements that will reassure cryptocurrency followers. According to Yusko, the most intense selling pressure Bitcoin (BTC) has experienced has likely ended. Yusko attributes the recent price drops largely to “forced selling.” The
Bitcoin’s BTC$73,787.23 price has risen past its key average for the first time in two months, signaling strengthening bullish momentum. The cryptocurrency’s price has gained over 3% to $73,700 in 24 hours, topping the 50-day moving average, which stood at $71,125 at the time of writing. The positive price action follows days of resilient performance
Bitcoin ($BTC) surged 2% to a session high of $74,309 at the Monday Asia open after reports emerged that President Trump is assembling a multinational coalition to reopen the Strait of Hormuz and weighing a ground seizure of Iran’s Kharg Island. Axios reported that the Kharg Island operation remains contingent on whether tankers stay bottled
Nearly three-quarters of all undersea fibre optic internet cables (which carry about 99% of international internet traffic) would need to fail to have a significant impact on Bitcoin, according to a study released earlier this year. In research first published in February and last revised on March 12, researchers Wenbin Wu and Alexander Neumueller from
Bitcoin liquidity is quietly tightening as exchange balances sink to levels not seen since November 2017, signaling a shrinking pool of readily tradable supply just as market demand cycles intensify. Bitcoin Exchange Supply Shrinks as Long-Term Holding Trend Accelerates A shift in bitcoin’s liquid supply is drawing attention after a key on-chain metric reached an
Bitcoin rose over the weekend as escalating tensions in the Middle East pushed oil prices sharply higher, prompting investors to assess the potential spillover into global markets. The world’s largest crypto traded at about $72,950 on Sunday, up roughly 2.5% over the past 24 hours, according to CoinGecko data. The move came after a volatile
Global markets are once again facing rising geopolitical tension. News surrounding Iran, the United States, and Israel — including concerns over the Strait of Hormuz — has triggered uncertainty across traditional financial markets. Yet despite these developments, the cryptocurrency market has shown surprising stability. Bitcoin continues to trade near the $70,000 level, resisting the kind
Cryptocurrency analytics company MakroVision has shared a new assessment of Bitcoin’s technical outlook. The analysis states that the largest cryptocurrency is still in a consolidation phase and the market is facing a new breakout attempt. According to MacroVision, Bitcoin has initiated a technical recovery after a sharp pullback to around $60,000. This upward movement has