Historically, bitcoin’s price peaks approximately 20 months after a Bitcoin halving. The last Bitcoin halving occurred in April 2024, which means we could see a cycle top by December of this year. The odds of this are increasingly likely as Fed Chair Powell cut rates by 25 bps today, giving the approximately $7.4 trillion sitting
Spot bitcoin BTC$117,181.08 ETFs saw their first daily outflows in over a week on Wednesday, shedding a net $51.28 million, as investors reacted to the Federal Reserve’s unexpectedly cautious outlook on future policy. The outflow broke a seven-day streak that had brought in nearly $3 billion. Assets under management remain above $150 billion, according to
Bitcoin price today is trading near $117,460, holding gains after rebounding from the $111,000 support zone earlier this week. The recovery has carried BTC back toward the $117,500–$120,000 resistance band, a region defined by the 0.618–0.786 Fibonacci retracement and capped by the July peak. The battle now rests on whether buyers can force a breakout
Jerome Powell’s announcement of 25 bps Fed rate cut at the September 17 FOMC, has triggered a strong crypto market rally with Bitcoin (BTC) and altcoins seeing strong gains. The overall market liquidations have surged to $415 million, of which $232 million is in short liquidation. Historical trends suggest that in the year after rate
Bitcoin price is moving higher above $116,500. BTC is now facing hurdles and might gain bullish momentum if it clears the $117,250 resistance zone. Bitcoin started a fresh increase above the $116,200 zone. The price is trading below $116,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with
Neither the U.S. central bank’s decision to drop the interest rate nor Federal Reserve Chair Jerome Powell’s measured comments following the announcement stirred Bitcoin much on Wednesday. But analysts whom Decrypt spoke to are largely upbeat that the asset’s price would gain ground throughout the remainder of the year. Powell’s emphasis on a sagging employment
A widely followed crypto strategist says Bitcoin (BTC) just showed a setup that was witnessed only three times in the past. Pseudonymous analyst TechDev tells his 548,100 followers on X that he’s looking at the liquidity-adjusted business cycle metric, which is designed to analyze the interconnectedness between financial markets and the real economy. TechDev shares
Fed fatigue or was it simply priced in all along? Bitcoin is down a paltry 1% today, currently trading at around $115,500, following the Federal Reserve’s widely telegraphed quarter-point rate cut. The crypto market appears a bit gassed, but if anything, today’s relatively small drop in prices could be interpreted as a classic “buy the
Bitcoin opened the Sept. 17 session at $116,276 with a total market capitalization of $2.31 trillion and a 24-hour trading volume of $43.10 billion. During the session, the price moved within an intraday range of $114,866 to $117,292, reflecting both bullish resilience and selling pressure at higher levels. Bitcoin On the daily chart, bitcoin continues
Jack Mallers, co-founder and chief executive of Twenty One Capital, has made one of his boldest predictions yet for Bitcoin. Speaking during a live interview on NYSE TV with host Kristen Scholer, Mallers was asked where he sees the world’s largest cryptocurrency heading. His reply was quick and confident: “Higher, higher.” When pressed to explain