Already higher by about 3% on the Fed news, bitcoin (BTC) rose further following the Kennedy announcement, trading at $63,800 at press time, or up 5.6% over the past 24 hours. TheRead More…
While digital assets suffered losses, most traditional asset classes climbed higher during the day. The 10-year U.S. bond yields fell 10 basis points, while gold was up 1.5% to $2,450, slightly belowRead More…
Looking at a longer timeframe, bitcoin is trading around the midpoint of a multi-month sideways channel between $56,000 and $73,000. Spot prices might be range-bound in the near term, but traders areRead More…
“The $55,000-$56,000 range is forming a base from a technical analysis perspective. However, given the medium-term technical damage, we anticipate no more than a short-term tactical bullish countertrend rally,” Thielen said inRead More…
“Although the dip to $56,500 may have completed the correction, I still expect to see a price of $52-55,000 before wave 4 completes,” Glover said, referring to the Elliot Wave theory, aRead More…
The yen’s devaluation didn’t impact crypto markets yet, but this could change if the BOJ steps in to prop up the currency, Noelle Acheson, analyst and author of the Crypto Is MacroRead More…
On the longer outlook, though, the past three halvings were followed by an exponential move higher for bitcoin’s price about 50-100 days after the event, crypto hedge fund QCP Capital pointed outRead More…
Treasury bonds and the U.S. dollar index (DXY) surged as traders flocked to hedges, while key U.S. equity indices the S&P500 and Nasdaq 100 slipped 1.7% an hour ahead of the closeRead More…
The dip echoed through multiple asset classes, but bitcoin gradually erased all its losses, and was up over 1% over the past 24 hours, outperforming U.S. equities and gold, both of whichRead More…