This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A softer-than-expected U.S. PPI pushed bitcoin BTC$114,067.48 past $113,600, confirming the bullish inverse head and shoulders pattern highlighted earlier this week. The breakout signals the end of the recent pullback from record highs above $124,000 and the resumption of the broader
The market has almost returned to red, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has fallen by 0.31% since yesterday. On the hourly chart, the price of BTC has made a false breakout of the local resistance of $112,579. However, if bulls can hold the gained initiative and the daily bar closes around
Bitcoin price continues to consolidate within a defined ascending symmetrical triangle, signaling an imminent breakout. With the Fed’s potential rate cut adding a layer of speculation, market attention remains heightened. Consequently, both technical and macro drivers are beginning to align, creating anticipation for the next decisive move.
Bitcoin price continues to consolidate within a defined ascending symmetrical triangle, signaling an imminent breakout. With the Fed’s potential rate cut adding a layer of speculation, market attention remains heightened. Consequently, both technical and macro drivers are beginning to align, creating anticipation for the next decisive move.
The cryptocurrency world is buzzing with excitement! Bitcoin, the digital pioneer, has once again captured headlines by impressively surging past the Bitcoin $113,000 mark. This significant milestone, observed across major exchanges like the Binance USDT market, signals a renewed vigor in the crypto space and has many wondering what’s next for the leading digital asset.
At 8:45 a.m. Eastern, bitcoin hovered at $113,366 per coin, buoyed by a market capitalization of $2.25 trillion and 24-hour trading volume of $44.94 billion. The intraday price range between $110,822 and $113,484 points to a day of measured consolidation within a larger bullish recovery. Bitcoin The short-term momentum appears cautiously optimistic, as bitcoin has
In a significant move capturing the cryptocurrency world’s attention, Nexus announced on September 10th its successful raising of 10 billion won, approximately $7.2 million, through the issuance of convertible bonds. This strategic capital injection is earmarked for a bold Bitcoin acquisition, signaling a clear pivot in the company’s treasury management strategy. Nexus plans to sequentially
Key Takeaways Bitcoin’s short-term (30-day) correlation with gold is now negative at -0.53, according to Glassnode. This is a significant change from the long-term (365-day) correlation, which is still modestly positive at 0.65. Bitcoin’s short-term correlation with gold has turned negative, reaching -0.53 over a 30-day period, according to data from blockchain analytics firm Glassnode.
Bitcoin Core could trigger a meltdown across BTC exchanges and mining pools if it goes ahead with plans to raise data limits with its upcoming version 30 (v30) software. This is according to Bitcoin Mechanic, a vocal advocate for limiting arbitrary data storage on Bitcoin’s blockchain. Developers have been fighting all year over the default
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When Strategy and Tesla added Bitcoin (BTC) to their balance sheets, it sent a clear signal: Bitcoin wasn’t just for crypto die-hards anymore. Tech companies with serious gravitas had officially entered the