Bitcoin ($BTC) is showing an optimistic outlook amid news of an indefinite ceasefire in the US-Iran war. This has boosted bullish predictions, and while $BTC’s technical indicators are improving, according to the analysis company, short-term uncertainty still persists. According to the latest analysis from cryptocurrency analytics company Matrixport, Bitcoin’s technical outlook improved this week, but
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2130.2, up 0.7% (+14.28) since 4 p.m. ET on Thursday. All 20 assets are trading higher. Leaders: APT (+3.5%) and AAVE (+3.2%). Laggards: CRO (+0.0%) and XLM (+0.2%). The
Bitcoin ($BTC) continues to compete with gold, which has long proven itself as a safe-haven asset. However, while gold has proven itself as a safe haven, the same is not yet true for Bitcoin. Some analysts argue that $BTC is also a safe haven, while others maintain that it still needs time. At this point,
Bitcoin (BTC) has experienced significant declines in recent months, falling as low as $60,000 in February. These declines also negatively impacted US spot ETFs, resulting in significant outflows. However, the positive momentum seen in Bitcoin and the market has also been reflected in inflows into ETFs. At this point, BNY Mellon, one of the oldest
MicroStrategy is pushing a new narrative around Bitcoin, with CEO Phong Le detailing how the firm is building a yield-driven system around $BTC. Le described the approach as a “digital credit ecosystem,” where capital is deployed into Bitcoin-linked strategies with target returns as high as 30%, and a portion of that yield is passed back
For bitcoin traders, the direction of the Dollar Index (DXY), a measure of the greenback’s strength against a basket of other currencies, hasn’t mattered this much in nearly four years. That’s because the 30-day correlation coefficient between the two now stands at -0.90, according to TradingView, the most negative reading since September 2022. A reading
Many investors strongly believe in the Bitcoin safe haven story. They see it as a shield against financial chaos. They trust its independence from governments and banks. That belief continues to grow every year. The idea feels logical. Bitcoin gives full control over wealth. You can store it without banks. You can access it anywhere
Bitcoin is beginning to show signs that the recent downtrend may be losing momentum, with several on-chain indicators suggesting a bottom. Notably, Bitcoin ($BTC) has yet to start its famous bull phase, characterized by massive price surges. Still, on-chain data suggests the market may be entering a stabilization phase, signaling a shift away from the
Bitcoin ($BTC) came very close to $80,000 on news that the ceasefire between the US and Iran had been extended, but failed in this attempt. Although the price has fallen to the $77,000 level, talk of a bottom and a potential rise for $BTC is increasing. While there are various predictions at this point, Ark