Bitcoin Bears Dominate: Failure to Break $71,800 Keeps Downside Risk Alive Bitcoin Price Weekly Outlook The past week’s price action has been rather lackluster for Bitcoin. After seeing a big bounce from $60,000, the price failed to get above short-term resistance at $71,800 last week. Instead, the price tested the short-term support at $65,650 before
Bitcoin $BTC$68,131.79 is struggling to build any upward momentum, even as the key panic gauge pulls back from its early-month high and hints at renewed stability. Bitcoin’s 30-day implied volatility, the fear or panic gauge, which reflects investors’ expectations for price swings over 4 weeks, has dropped to an annualised 52%, according to data source
Dan Ives, one of the most influential technology analysts in the global financial world, painted an optimistic picture of the economy and technology world in his latest broadcast. Despite the pessimistic market sentiment, Ives made noteworthy predictions about artificial intelligence (AI), US technology stocks, and Bitcoin ($BTC). Ives stated that the technology sector is still
Investors are most bearish on the dollar in over a decade, per Bank of America’s (BofA) latest survey and that extreme bet could breed bitcoin $BTC$68,266.99 volatility, just not the way crypto bulls have become used to. BofA’s February survey shows investor positioning in the U.S. dollar has fallen to its most negative (bearish) level
Crypto market sentiment has fallen to extreme lows and could lead to a “durable bottom” that exhausts selling pressure, according to analysts at crypto financial services firmMatrixport. “Sentiment has fallen to extremely depressed levels, reflecting broad pessimism across the market,” said Matrixport in a note on Tuesday. Matrixport’s own Bitcoin ($BTC) “fear and greed index”
Some experts suggest that the cycles of sharp rises and falls in the cryptocurrency market have ended, and a new era has begun for Bitcoin. According to a recent assessment note published by the US-based asset management company WisdomTree, Bitcoin and the cryptocurrency market in general are now shaped by institutional discipline rather than speculative
Key takeaways The recent Bitcoin price drop is linked to the growth in Bitcoin derivatives and a major fund’s actions. Stress in the options market on IBIT likely triggered abnormal Bitcoin price movements. Bitcoin has evolved into a core component of global finance, especially in derivatives. Non-crypto funds may be influencing crypto markets while concealing
Popular on-chain analyst Willy Woo recently shared his thoughts on the quantum threat facing Bitcoin ($BTC) and cryptocurrencies. According to Woo, markets have begun pricing in the quantum threat, starting to put downward pressure on the Bitcoin price. At this point, Woo noted that the 12-year trend between Bitcoin and gold has been broken, saying
Harvard University’s $56.9 billion endowment made its first foray into ether $ETH$1,967.96 last quarter, even as it scaled back its exposure to bitcoin $BTC$68,422.73. According to an SEC filing, the Harvard Management Company (HMC) bought almost 3.9 million shares of BlackRock’s iShares Ethereum Trust (ETHA), valued at around $86.8 million. The company also reduced its
With February now half way through, Bitcoin is on the verge of printing an unfavourable entry in its history book. This is the first year in Bitcoin’s history where both January and February so far are in the red. In order for Bitcoin to avoid this scenario, a monthly close above $78.6K. However, with momentum