The bitcoin BTC$75,888.13 market turned idiosyncratic ahead of Wednesday’s Federal Reserve interest-rate decision, and is no longer tracking the Dollar Index or U.S. stocks. CoinMarketCap data show bitcoin’s short-window correlation with the index, which measures the U.S. currency’s strength against a basket of peers, has collapsed to nearly zero, while its positive link to equities […]
With Bitcoin’s price once again climbing above critical technical levels, analyst PlanB offered a noteworthy assessment. PlanB stated that Bitcoin closed above the 50-week moving average, which is around $79,000, and that the next technical target is the 100-week moving average at approximately $89,000. PlanB noted that Bitcoin was trading around $81,000, stating, “Bitcoin closed […]
In a recent statement, Bybit CEO Ben Zhou emphasized that Bitcoin is still a considerable distance from being considered mature ‘digital gold’. He noted that its current volatility makes it difficult for traditional financial institutions to view it as a reliable store of value. Zhou’s comments, reported by crypto commentator @WuBlockchain, indicate the challenges Bitcoin […]
Bitcoin price has bounced sharply from the September 15 low, but on-chain data suggests long-term holders aren’t driving the profit-taking. $BTC climbed from $74,965 to $81,502, marking a 9.15% recovery, while the SOPR data points mainly toward short-term holders realizing gains. Bitcoin Price Rebound Brings Short-Term Profit-Taking The SOPR Ratio, which compares LTH-SOPR with STH-SOPR, […]
Bitcoin rallied by 6% on Friday and reclaimed $80K as crude oil prices slipped below $100 per barrel. This eased fears of oil-driven inflation, sparking a strong rebound across U.S equity and crypto markets. For Fidelity, however, $BTC’s resilience also meant that it might be ready for its next bull market cycle run. Why Fidelity […]
Bitcoin [$BTC] has rallied by 8.10% since posting Wednesday’s low of $75,064. The price dip came following the Fed’s decision to raise interest rates by 25 bps. A rally from those lows suggested that the pullback from $82K earlier in September was due to the market pricing in the rising odds of a rate hike. […]
Bitcoin’s network is undergoing a significant transformation with micro-transactions now dominating. Recent reports indicate that transactions below 0.01 $BTC account for nearly 80% of all Bitcoin transactions. This shift reflects a departure from the past trend of larger transactions being more prevalent, potentially increasing Bitcoin’s mainstream adoption. For more details, see the report here. What […]
Technical analyst Aksel Kibar stated that a breakout above the $82,800 level in Bitcoin (BTC) price could constitute a significant bullish signal in the current timeframe. Kibar pointed out that a potential rectangular pattern reversal or double bottom formation on the Bitcoin chart could be completed above the 52-week exponential moving average (EMA), which has […]
Bitcoin price surged more than 5% on Sep. 18, breaking above $80,000 as a 4-hour trend reversal and concentrated short liquidations accelerated the recovery from $75,560. Bitcoin price rebounds from $75,560 According to data from crypto.news, Bitcoin ($BTC) price was trading near $80,600 at the time of writing after opening the daily session at $76,417. […]