Bitcoin traded slightly higher near $77,200, maintaining its position above the important 50-day moving average, supported by a drop in oil prices and gains in Asian stock markets. Other major cryptocurrencies like XRP, Solana, and Ethereum also saw modest increases but remained below their 50-day averages. The decline in crude oil prices followed reports of progress in reopening the Strait of Hormuz, boosting investor sentiment. However, concerns remain as Bitcoin ETFs experienced over $2 billion in outflows recently, which could pressure the market if institutional demand weakens further.
Bitcoin's price is increasingly likely to fall below $50,000 before the end of 2026, with Kalshi predicting a 50% chance due to growing bearish sentiment among traders. The cryptocurrency has struggled to break above current levels and has seen stead...
Veteran trader Peter Brandt reaffirmed the principle that market prices are the most reliable indicator, stating "Price is never wrong. Price is king." This came amid discussions on Bitcoin's valuation models, where some predict Bitcoin should be aro...
Traders are increasingly favoring dollar-pegged stablecoins like USDT and USDC over Bitcoin, as Bitcoin's market dominance falls from 61.2% to 60% since early May. This shift reflects a preference for safer assets amid expectations that the Federal R...
Bitcoin is retesting its April 2025 low near $74,000 and showing a bounce, but analysts highlight that a clear break above the low $80,000s is crucial for continuation of the upward trend. The 200-day moving average near $80,134 acts as key resistanc...
Ethereum's price is trading just above $2,000 after a steep decline from $2,500, raising concerns about a potential crash below this key level or a bullish reversal. This weakness is part of a broader crypto market pullback, with Bitcoin, Ripple, and...
