Bitcoin traders are entering a high-stakes standoff ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech at the Jackson Hole symposium on Friday. With conflicting macroeconomic signals and mixed investor sentiment, the directional bias remains unclear for U.S. equities and crypto. The July CPI report, delivered earlier this month, provided a bullish signal with
Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier. However, analysts have been quick to warn that more volatility lies ahead. Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday,
Bitcoin price is attempting to recover from $112,500. BTC is back above $114,000 but faces many hurdles on the way up to $120,000. Bitcoin started a recovery wave above the $113,500 zone. The price is trading below $115,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance
After hitting a new all-time high just last Thursday, Bitcoin’s price has plummeted by over $10,000 in a week. A new analysis suggests the sharp correction stems from a key factor: a slowdown in demand across the Bitcoin market. Bitcoin Demand Slowing Down Julio Moreno, head of research at on-chain platform CryptoQuant, shared this view
In a thread on August 19, analyst Miles Deutscher argued that MicroStrategy’s market-implied net asset value (mNAV) premium—the core gear in Michael Saylor’s Bitcoin acquisition flywheel—has compressed sharply, weakening the feedback loop that helped the company outpace Bitcoin through most of the cycle. “Michael Saylor built the craziest BTC flywheel in history. But his buying
A widely followed crypto strategist is drawing the line in the sand for Bitcoin (BTC) to trigger rallies toward new all-time highs. In a video shared with his 475,400 followers on X, pseudonymous crypto trader Credible says Bitcoin needs to stay above a crucial price area to spark wave three of a five-wave surge that
JACKSON HOLE, Wyo. — U.S. President Donald Trump’s son, Eric Trump, is convinced bitcoin BTC$114,274.21 will eventually be worth over $1 million. Trump, who co-founded bitcoin mining company American Bitcoin earlier this year, reiterated his excitement for bitcoin during an appearance at the SALT conference in Jackson Hole on Wednesday. He even called himself a
After hitting a new all-time high (ATH) of $124,474 on Binance on August 13, Bitcoin (BTC) has tumbled toward $113,000, with the next major support zone around $110,000. Analysts warn that more downside could still be ahead for the top cryptocurrency. Bitcoin To Fall More? Crowded Long Trade Gives Hint According to a CryptoQuant Quicktake
When one of the world’s leading macroeconomists publicly apologizes for underestimating Bitcoin, it’s worth paying attention. Ken Rogoff is a formidable scholar, and over the last decade—from my professor days at MIT to the design of Libra—I’ve learned a great deal from conversations with him. He has trained some of the best macroeconomists in the