Bitcoin

Bitcoin price started another increase above the $58,500 resistance. BTC is back above $60,000 and again struggling to continue higher. Bitcoin is correcting gains from the $61,200 resistance zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $59,400 support zone. Bitcoin…

As the crypto community awaits the Federal Reserve’s (Fed) rate cut announcement on September 18, the stakes are high for Bitcoin (BTC) and the broader financial landscape. This upcoming decision marks the first central bank rate cut since the Fed slashed its key rate to near zero in March 2020 amid the COVID-19 pandemic.  Will A 50bps Cut Spark A Bitcoin Bull Run? According to CME Group’s FedWatch tool, markets are currently pricing in a 59% chance of a half-percentage-point rate…

BlackRock’s iShare Bitcoin Trust (IBIT) registered its first daily net inflow in three weeks, leading to US spot Bitcoin exchange-traded-funds (ETFs) witnessing a combined net inflow of $12.8 million, data from Farside Investors confirms. BlackRock’s Spot Bitcoin ETF Attracts Net Inflows, How About Other ETFs? BlackRock forayed into the Bitcoin ETF space when the US Securities and Exchange Commission (SEC) approved IBIT in January 2024. Dubbed the world’s largest asset manager with a total asset-under-management (AUM) of $9 trillion, BlackRock’s…

Bhutan has accumulated $780 million worth of Bitcoin through its renewable energy-powered mining operations, placing it among the top government holders of the cryptocurrency. Arkham's Revelation The Kingdom of Bhutan, a small mountain nation with a GDP of approximately $3 billion, has amassed Bitcoin (BTC) worth $780 million. Unlike many other governments, Bhutan’s BTC holdings are derived entirely from its mining operations, which utilize the country's renewable energy resources. The matter was first highlighted and reported by blockchain data analytics…

Crypto analyst Ali Martinez has revealed the bearish sentiment among Binance’s top traders towards Bitcoin. This development suggests that the flagship crypto might soon experience significant downward pressure.  Binance Top Traders Are Shorting BTC Martinez revealed in an X (formerly Twitter) post that 51.41% of the top traders on Binance are shorting Bitcoin. This indicates that these traders expect the flagship crypto to experience a price decline despite its recent recovery above $60,000. Indeed, BTC started this week with a…

With the Federal Reserve expected to announce a 50 basis points rate cut in their meeting on Wednesday, the price of Bitcoin (BTC) is likely to be very volatile. Will this be the signal for Bitcoin to start climbing higher? Bigger Fed rate cut looking more likely The chances of a 50 basis points rate hike, to be announced in the Federal Reserve FOMC meeting on Wednesday, have grown impressively over the past few days. Market expectations have swung dramatically,…

Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At ‘Fear’ Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency market. Market sentiment can be helpful to follow as it can reflect the cryptocurrency’s price. It…

As Bitcoin (BTC) grapples with a challenging market environment, it has struggled to regain momentum, hovering around the $53,000 and $60,000 levels for six consecutive weeks.  After losing the crucial $70,000 threshold on August 1, the largest cryptocurrency remains at risk of further declines, particularly with the upcoming Federal Reserve (Fed) meeting on September 18, where a 0.50% rate cut could significantly impact its price. BTC’s Future Hangs In Balance Recent insights from crypto analyst Doctor Profit suggest that the…

Bitcoin price started another decline from the $60,650 resistance. BTC is now at risk of more downsides below the $57,500 support zone. Bitcoin is correcting gains and gaining bearish pace below the $59,000 level. The price is trading below $58,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above…