💸 Bitcoin rebounded 4.4% to over $58,000 after briefly dipping to $56,150, amid a cautious market reacting to a triple "death cross" and negative funding rates that suggest potential for further downside below $50,000.
Traders are bracing for possible volatility, with short positions dominating the market, reflecting a bearish sentiment.
Traders are bracing for possible volatility, with short positions dominating the market, reflecting a bearish sentiment.
5 Things to know in Bitcoin this week:
📉 Bitcoin's price is facing pressure, with predictions indicating a potential drop to $50,000 as traders prepare for lower support levels.
🇺🇸 All eyes are on the U.S. Federal Reserve's Jackson Hole symposium this week, where markets await cues on interest rate cuts.
⚡️ Bitcoin miners have paused their sales, with reserves stabilizing despite recent price drops.
📊 Bitcoin's market dominance is slipping, suggesting a possible altcoin rally as dominance retreats from recent highs.
😟 Sentiment remains bearish, with Bitcoin trading below its 200-day moving average, signaling caution among traders.
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📉 Bitcoin's price is facing pressure, with predictions indicating a potential drop to $50,000 as traders prepare for lower support levels.
🇺🇸 All eyes are on the U.S. Federal Reserve's Jackson Hole symposium this week, where markets await cues on interest rate cuts.
⚡️ Bitcoin miners have paused their sales, with reserves stabilizing despite recent price drops.
📊 Bitcoin's market dominance is slipping, suggesting a possible altcoin rally as dominance retreats from recent highs.
😟 Sentiment remains bearish, with Bitcoin trading below its 200-day moving average, signaling caution among traders.
👉 Read more
Analysts optimistic as liquidity ticks and Bitcoin ‘forced selling’ is over
Bitcoin’s major sell-offs are over and now analysts see the US election and global liquidity as the next big drivers for Bitcoin.
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Bitcoin’s major sell-offs are over and now analysts see the US election and global liquidity as the next big drivers for Bitcoin.
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Ether hits $2.6K as metrics suggest it’s in 'late stages’ of correction
Rising Open Interest of Ether and a “positive” taker-buy sell ratio has a crypto analyst optimistic that Ether’s lengthy correction is nearing its end.
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Rising Open Interest of Ether and a “positive” taker-buy sell ratio has a crypto analyst optimistic that Ether’s lengthy correction is nearing its end.
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2 key Bitcoin metrics signal steady bull cycle — 'No bubble' in sight
The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.”
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The metrics suggest that Bitcoin is unlikely to be overvalued at current levels and its price action is developing “steadily without significant anomalies or sharp jumps.”
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Bitcoin technical indicators 'improving' at $59K may trigger short squeeze
Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.
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Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts.
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Bitcoin price hits $61K, but investors still prefer stocks and bonds right now
Investors balance risk as Bitcoin futures dip, reflecting uncertainty before the Federal Reserve's September meeting.
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Investors balance risk as Bitcoin futures dip, reflecting uncertainty before the Federal Reserve's September meeting.
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Bitcoin volatility ‘ramping up’ above ATH levels as price retests $62K
Bitcoin’s volatility is now higher than it was on the day of its all-time high in March, with traders suggesting this could signal the end of the “massive consolidation.”
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Bitcoin’s volatility is now higher than it was on the day of its all-time high in March, with traders suggesting this could signal the end of the “massive consolidation.”
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Bitcoin open interest jumps $1.3B following Fed's 'dovish' minutes
Bitcoin Open Interest has jumped by over a billion following the United States Federal Reserve ‘dovish’ minutes on Aug. 21.
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Bitcoin Open Interest has jumped by over a billion following the United States Federal Reserve ‘dovish’ minutes on Aug. 21.
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Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal
The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners.
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The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners.
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Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’
Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
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Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic.
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🇺🇸 Bitcoin liquidity sinks to $62.5K as BTC price struggles at US open
BTC price momentum sags as Wall Street returns amid surprise that Bitcoin could not capitalize further on last week’s macro news.
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BTC price momentum sags as Wall Street returns amid surprise that Bitcoin could not capitalize further on last week’s macro news.
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Crypto is down, but FET and AI tokens are up — Here’s why
FET and other AI tokens are outperforming the wider crypto market this week, but is the rally purely driven by investors' earnings expectations for Nvidia?
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FET and other AI tokens are outperforming the wider crypto market this week, but is the rally purely driven by investors' earnings expectations for Nvidia?
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Long-term Bitcoin holder buys hit $10B mark as price slips below $60K
Bitcoin held in long-term holder wallets has topped $10 billion amid its price falling below $60,000.
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Bitcoin held in long-term holder wallets has topped $10 billion amid its price falling below $60,000.
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$1.3T in tokenized RWAs by 2030 more likely than $30T — Analyst
A Wall Street forecast may be overshooting the amount of money that could flow into tokenized real-world assets by 2030, says one analyst.
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A Wall Street forecast may be overshooting the amount of money that could flow into tokenized real-world assets by 2030, says one analyst.
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AI crypto tokens wobble as Nvidia posts good but not good enough earnings
AI-related tokens slumped as Nvidia’s Q2 earnings beat Wall Street estimates but failed to impress investors.
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AI-related tokens slumped as Nvidia’s Q2 earnings beat Wall Street estimates but failed to impress investors.
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Bitcoin exchange reserves reach new yearly low amid $60K price retest
Crypto analysts think that the declining Bitcoin supply on exchanges suggests “something is happening” that could support a bull market, provided demand “continues to grow.”
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Crypto analysts think that the declining Bitcoin supply on exchanges suggests “something is happening” that could support a bull market, provided demand “continues to grow.”
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Bitcoin loses 8.6% in August as September starts with fresh 2-week low
BTC price conditions fail to improve over the weekend, and liquidity grabs could be on the menu next, one Bitcoin trader suggests.
https://ct.com/d179
BTC price conditions fail to improve over the weekend, and liquidity grabs could be on the menu next, one Bitcoin trader suggests.
https://ct.com/d179
👀 Bitcoin nears $60K but traders expect a bearish September, with historical trends suggesting continued pressure on both Bitcoin and gold.
Despite recent gains, analysts predict a potential rebound in October.
Despite recent gains, analysts predict a potential rebound in October.
Bitcoin 'new' investor spike echoes 2019 BTC price peak — Analysis
Bitcoin investors who bought in at the March highs have been fighting choppy BTC price action ever since.
https://ct.com/d1k0
Bitcoin investors who bought in at the March highs have been fighting choppy BTC price action ever since.
https://ct.com/d1k0
Bitcoin's price shows 'no clear direction' amid active address decline
Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst.
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Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst.
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