Bitcoin has carved out a relief bounce after plunging below $60,000 on Friday, but a bounce and a bullish revival are two very different things. The latter hinges on a couple of key price levels, according to analysts. “The market has become oversold enough for sharp relief rallies, especially if inflation data softens and ETF
The leading cryptocurrency, Bitcoin ($BTC), recently fell below $60,000 and remains at a critical juncture. Although the price briefly rose above $64,000, it has since fallen back to around $62,000, and Fidelity has released a report analyzing the current situation. Fidelity Digital Assets stated in its latest analysis that short-term and long-term indicators differ for
Bitcoin recovered from last week’s fall toward $59,000 and briefly tested $64,156. However, the rebound has not changed the wider downtrend. Bitcoin traded near $63,200 at the time of writing, according to crypto.news price data. The market now faces two tests. Traders want stronger futures participation before treating the move as lasting. They are also
Bitcoin is facing another major test as the current downturn is being compared with earlier FIFA World Cup-year bear markets. The pressure follows an Oct. 10 flash crash that erased $19 billion in leveraged crypto positions in one afternoon and dragged major tokens lower. The selloff pushed Bitcoin down from its $126,000 peak to $105,000.
Despite the recent sharp decline in Bitcoin’s price, institutional investors’ interest in the cryptocurrency market remains strong. John D’Agostino, head of institutional strategy at US-based cryptocurrency exchange Coinbase, told CNBC that institutional investors view current price levels as a significant buying opportunity. According to D’Agostino, family offices and state-backed sovereign wealth funds, in particular, are
Bitcoin traded around $63,000 on Monday, clawing back from a two-month low hit on June 5 as a confluence of headwinds — spot ETF outflows, macro uncertainty, and capital rotation into artificial intelligence stocks — pushed the world’s largest cryptocurrency roughly 50% below its all-time high of $126,279 reached in October 2025. The decline has
Peter Schiff, Chief Economist and Global Strategist of Euro Pacific Asset Management, called Strategy Inc.‘s (NASDAQ: MSTR) latest purchase of 1,550 Bitcoin ($BTC) for $101 million “damage control” in an X post on Monday, June 8. The longtime Bitcoin critic argued the move was a quick reaction to possibly calm investors’ nerves. Furthermore, the purchase
Bitcoin is bouncing. After touching lows near $60,000 last week, the price has recovered to trade around $63,800 and the immediate question facing every trader is whether this move higher is the beginning of something meaningful or simply the market catching its breath before another leg down. Based on the technical structure developing across multiple
The complete legislative text for bitcoin-favorite bill H.R. 8957, the American Reserve Modernization Act of 2026, has been made public on the U.S. Congress website, offering lawmakers, industry stakeholders, and the public their first detailed look at the mechanics behind a bill that would permanently codify a Strategic Bitcoin Reserve into federal law. The bill,