BTC

Middle Eastern tensions heightened considerably on Tuesday as Iran fired a barrage of missiles into Israel, following the Israeli incursion into Lebanon. Markets fell on the news, and Bitcoin crashed to $60,200 before recovering. The BTC/USD pair crashed $3,800 on Tuesday as the conflict in the Middle East moved into a higher gear. With Israel and the United States promising retaliation, the price dump across all markets may not be finished yet. $BTC falls out of ascending channel Source: TradingView…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently lagged behind other top tokens, posting losses on both a 24-hour and weekly basis. Despite this downturn, some analysts believe that if Ethereum can overcome critical resistance levels in the near future, it may follow seasonal trends typically seen in “Uptober,” potentially leading to a price recovery. Ethereum Struggles To Break $2,800 Resistance  Technical analyst Daan Crypto Trades recently pointed out that Ethereum has yet to make a higher high,…

Data shows social media users had become overly excited about Bitcoin after the recent rally, which may be why BTC has retraced. Bitcoin Topped Out As Hype Around The Coin Shot Up According to data from the analytics firm Santiment, crowd sentiment around BTC has noted a sharp surge recently. The indicator of relevance here is the “Positive vs. Negative Sentiment Ratio,” which keeps track of the difference between the positive and negative comments related to Bitcoin that are being…

Bitcoin (BTC) sank further, dropping below $64,000 following a drop of 1.22% over the past 24 hours. The drop comes despite positive sentiments around the world’s largest cryptocurrency and an increase in spot Bitcoin ETF inflows. Major altcoins also faced considerable turbulence, with Ethereum (ETH), Solana (SOL), and Ripple (XRP) experiencing significant volatility.  However, SUI and Bittensor (TAO) emerged as top gainers, defying broader market sentiments. The crypto market cap also declined, dropping by almost 1% to $2.25 trillion. Altcoins…

Bitcoin (BTC) fell out of its ascending channel on Monday as it followed its latest correction. However, this dip could be over as the $BTC price begins to rise again. Next upside target is $70,000. The BTC/USD pairing might have taken a dip in favour of USD over the last couple of days, but a resumption of Bitcoin’s inexorable rise looks to be taking place again. $BTC falls out of its ascending channel Source: TradingView The short-term time frame chart…

Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge. Given their buying spree so far, the number of BTC being held by the Spot Bitcoin ETFs has been rising and is almost at the 1 million mark, Spot Bitcoin ETFs Now…

Bitcoin (BTC) dipped below the $65,000 level early today after registering a drop of almost 2.50% over the past 24 hours and is currently trading just below the $65,000 mark. Spot Bitcoin ETFs also registered a surge in inflows, attracting around $449 million, fueling even further demand as speculation about a rate cut and soft US landing bets.  The overall crypto market capitalization dropped almost 2% to $2.27 trillion, with major cryptocurrencies like Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Toncoin…

As Bitcoin prepares to break through the top of its bull flag, or perhaps be rejected once again, both Ethereum and Solana are starting to turn the tables on the number one cryptocurrency. If $BTC can hold firm, is this the time when the major altcoins will start to steal the show? $BTC having a bit of a moment The $BTC price is having a bit of a moment right now, and is threatening to reject, and break down from…

The BTC/USD pair has come back down to the $64,500 horizontal level, which it has only recently flipped into support. Will Bitcoin bounce from here and break through the top of its bull flag, or is yet another rejection about to take place? Will the $64,500 horizontal support hold? Bitcoin is still on course to break out of its six-month bull flag. That said, many might be nervously watching the number one cryptocurrency as it teeters at the $64,500 horizontal…