Bitcoin ($BTC) price trades near $67,044 on April 3, sitting inside a falling parallel channel on the 4-hour chart that has contained every swing since March 17. The channel has already produced two sharp drops following a similar path. The first measured 11.49%, the second 9.72%. A third leg is now building from the early
The U.S. employment market rebounded in a big way from February’s sizable losses. According to a Friday morning release from the Bureau of Labor Statistics, the country added 178,000 jobs in March, after losing 133,000 positions the previous month. Economist forecasts had been for 60,000 jobs to have been added. The unemployment rate fell to
US President Donald Trump’s harsh statements regarding a potential war with Iran caused the price of Bitcoin ($BTC) to fall below $67,000, wiping out gains made in previous days. With this decline expected to continue, one analyst has claimed that Bitcoin could fall to $10,000. An analyst at CryptoQuant, using the pseudonym XWIN Research, claimed
Strategy, led by big bull Michael Saylor, did not make its long-standing weekly Bitcoin purchases this week. The company paused its weekly Bitcoin ($BTC) purchases, which it announces every Monday, and did not make any new purchases this week. The company maintained its total Bitcoin holdings at 762,099 $BTC. Looking at the company’s purchase history,
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin is stuck in a tight range near $66,600 ahead of the Good Friday holiday, as geopolitical tensions and shifting macro expectations keep prices contained. While the cryptocurrency saw a slight rise in the last 24 hour period it failed to break above $67,000. It’s struggling
The US-Iran conflict continues to affect Bitcoin and altcoins. Bitcoin, which recently rose to $76,000, tested the $65,000 level again as tensions in the conflict escalated. While everyone wonders when the war will end and whether the decline will continue, the expiration date for option contracts in the crypto market arrived, as it does every
Naoris Protocol debuted its quantum-resistant blockchain Thursday, which it says is designed to stay secure even against future powerful quantum computers that could break modern day cryptography. “Mainnet represents the transition from proof-of-concept to production infrastructure. The network has already validated over 100 million transactions using post-quantum cryptography. That is not a roadmap promise; it
Bitcoin becomes the live market over Easter as oil shocks hit and traditional finance goes dark The Bitcoin market now has three trading days where it will act as the live venue for geopolitical risk while much of traditional finance is closed. As of Friday, April 3, Wall Street is closed for Good Friday; several
Bitcoin price remains under selling pressure as oil prices climb 11% to surpass $111 on Friday amid escalating US-Israeli war against Iran. In a dramatic diplomatic standoff at the United Nations Security Council, countries such as Russia, China, and France have blocked an Arab-backed resolution to use military force against Iran to reopen the Strait
Recent analyses of Bitcoin’s price in the cryptocurrency market point to a significant resistance zone. According to a report based on CryptoQuant data, Bitcoin could face strong selling pressure between $71,000 and $81,000. According to the analysis, the main reason for this resistance zone is the weakening demand from large-scale investors. Specifically, “whale” wallets holding