Bitcoin hit an intraday low of $82,563 on Sept. 28, just below a concentration of long-term holders’ purchase prices that Glassnode identified last week. Three US data releases now threaten to send different signals about the inflation and labor outlook that drives interest-rate expectations. On Sept. 30, the personal income and outlays report will measure
Bitcoin ($BTC) preserved crucial support into Tuesday as analysis warned of a new profit-taking surge. Key points: Bitcoin rebounded to $84,000 without violating $82,500, a level seen as essential to protecting market strength. US 30-year bond yields reached 5.58%, their highest level since June 2002, continuing a historic bond bear market. Glassnode analysis cautioned about
$ARK Invest CEO Cathie Wood said that recent research in artificial intelligence and quantum computing has changed her perspective on the long-dormant $BTC attributed to Bitcoin founder Satoshi Nakamoto. Speaking on $ARK Invest’s FYI podcast, Wood and other participants discussed the potential threats that quantum computers could pose to Bitcoin’s cryptographic systems in the future,
Galaxy Digital CEO Mike Novogratz is sticking with his bullish Bitcoin outlook, saying that the cryptocurrency’s chart remains constructive and that a move to $100,000 before the end of the year would not surprise him. “I still like the chart,” Novogratz said during a recent All Things Markets discussion. “It will not surprise me if
Sunday Sell-Off and Morning Recovery The Bitcoin price appeared to have recovered from its early morning slump as it rebounded from just over $82,500 early Monday, its lowest level in seven days. The cryptocurrency’s heightened volatility came as it completed its best weekly close since January and spot exchange-traded funds (ETFs) recorded their best week
Bitcoin price traded near $84,000 on Sep. 28 after retreating from a recent high above $87,000, leaving traders focused on whether U.S. spot ETF demand can help the price hold its September breakout. Lacie Zhang, research lead at Bitget Wallet, told crypto.news that the retreat reflected profit-taking after Bitcoin’s rally, a reduction in leveraged long
Binance Loses 20,000 $BTC in Four Days Bitcoin is leaving Binance at a pace not seen in years. More than 13,800 $BTC—about $1.15 billion worth at the current price—flowed out of the exchange on Sept. 22, marking Binance’s largest daily net bitcoin outflow since 2023, according to Cryptoquant data The move was followed by an
Bitcoin has fallen towards $83,000 on Sept. 28 as rising oil prices, elevated US Treasury yields and a stronger dollar have added pressure after $BTC failed to hold last week’s move above $87,000. CoinGecko data showed Bitcoin trading near $83,340 during the Asian session, down roughly 1.2% over the past 24 hours after spending much
The Numbers The week starting Sept. 21 saw $BTC open at $81,178 and close at $84,467. No weekly close has been higher since the last week of January, which finished around the same price before a slide that dragged the bitcoin price toward $60,000 in early February. The same week printed a high of $87,395,
Bitcoin slipped below $83,000 during Monday’s Asia session, moving beneath the lower edge of the $83,000 to $85,000 range reported late last week. BTC price sits around $82,953 at press time, down 1.79% over the preceding 24 hours. The intraday breach adds a fresh lower price to last week’s retreat from the $87,000 level. CryptoSlate’s