Bitcoin price is trading near $89,700, almost flat on the day and down roughly 2% over the past week. On the surface, price action looks weak. Under the hood, something more interesting is happening. Large Bitcoin holders are quietly stepping back. Whale support is fading, with on-chain data showing sustained distribution over the past few
Prominent commodity trader Peter Brandt has predicted that Bitcoin could crash all the way back down to $25,240 now that its parabola has broken down. The cryptocurrency is currently struggling to gain a foothold above the $90,000 level. Exponential decay Brandt’s main thesis is that Bitcoin’s explosive growth is slowing down over time. It is
Story Highlights Bitcoin price to crash below $70K as Japan to hike interest rate on December 19 threatens global liquidity. Past Bank of Japan rate hikes caused Bitcoin drops between 23% and 31% historically, this time analyst expect 28% drop. Bitcoin trades near $90K, already down 30% from peak as market sentiment weakens further Bitcoin,
Binance registers fewer transactions of 1 BTC or more, originating from the wallets of ‘wholecoiners’. The inflows are at the lowest level since 2018, signaling a shift in market structure. Binance saw fewer inflows from ‘wholecoiners’, the owners of more than 1 BTC in their wallets. The relatively high price of BTC means some traders
Bitcoin’s (BTC) price once again slipped below the $90,000 support level over the weekend, as heightened volatility continues to define trading conditions in December. Several traders are pointing to the repeated appearance of the so-called “Bart Simpson” pattern on Bitcoin’s price chart. Notably, one appears to be forming now, which could likely define BTC’s price
Story Highlights As Trump weighs his next Fed chair pick, a leading contender is drawing a firm line on political influence. Kevin Hassett’s remarks have put Fed independence back in focus, keeping markets on edge. Kevin Hassett, a leading contender for the next US Federal Reserve chair, has stated that the central bank does not
Bitcoin’s price traded below $90,000 at the start of the new week, falling as low as $87,000 in the last 24 hours. After recovering, BTC is currently trading around $89,500, but one of the main reasons for today’s decline is the growing concerns about a possible interest rate hike by the Bank of Japan (BoJ).
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC$89,629.86 three-week price bounce looks vulnerable to a reversal as the Nasdaq, Wall Street’s tech-heavy index, hit a wall last week, hinting at potential trouble ahead. Since hitting $80,000 lows on Nov. 21, BTC has steadily bounced above $90,000,
Bitcoin (BTC) started the new week lower, losing most of the gains made last week following the Fed’s interest rate cut. At this point, BTC dropped below $89,000, drawing market attention to further declines. Despite overall market caution, Ethereum (ETH) has remained relatively resilient and resistant to decline, holding onto its recent gains better than