Category: Cryptocurrency news

Bitcoin Shatters $76K Resistance Before Sharp Retracement to $74K Support

Bitcoin broke past the $76,000 resistance level, reaching a peak of $76,013 before profit-taking caused a sharp pullback to around $74,000. Resistance and Profit-Taking at the Peak Bitcoin shattered the $76,000 resistance level early Tuesday, extending a rally that has seen it consistently decouple from traditional equities amid escalating Middle East tensions. Bitstamp exchange data […]

Analysts Say Investors Are Switching From Bitcoin to This Altcoin! Here’s Why!

The entire cryptocurrency market is experiencing a significant recovery, led by Bitcoin ($BTC). While this recovery is attributed to increased risk appetite, one analyst argued that money is shifting from Bitcoin to Ethereum. Speaking to Coindesk, LMAX Group analyst Joel Kruger suggests that investors who poured large amounts of capital into Bitcoin earlier in the […]

Crypto majors post double-digit weekly gains as bitcoin tests $75,000 ahead of Fed decision

Bitcoin BTC$74,074.35 briefly touched $75,912 early Tuesday before pulling back to $74,372, but the intraday volatility is less interesting than the weekly picture beneath it. CoinDesk reported earlier Tuesday that the push above $75,000 was driven by derivatives activity rather than fresh buying, specifically the closure of large $60,000 put positions that forced market makers […]