Bitcoin briefly fell to $76,700 after the latest inflation data before rebounding towards $78,000. According to QCP Capital, this “restrained” reaction is a sign that the markets have largely absorbed the prospect of a 25 basis point rate increase. The firm explained that BTC’s technical setup remains constructive at current levels, although conviction still depends … Read more
ZEC’s most recent rise, which took it to nearly $1,300, managed to reignite considerable comparisons between it and Bitcoin – especially because both have a maximum supply of 21 million coins. However, prominent analyst filbfilb says the adequacy of circulating supply alone says very little about valuation. He has developed a series of models that … Read more
Citing data from Santiment Intelligence, popular analyst Ali Martinez showed a chart indicating that Bitcoin whale holdings remained almost completely unchanged at around 5.23 million units over the past week. Perhaps the most obvious reason for this is what will happen in the next ten days, as BTC, alongside all financial markets, prepares for a … Read more
In what is expected to be a very volatile second half of the week, the price of bitcoin fell to $77,600 yesterday after being rejected above $80,000 on Monday before rebounding to $79,000 now. Most larger-cap alternative assets are also in the green today, with ETH trading above $2,500 and XRP defending the key support … Read more
Bitcoin fell below $80,000 as strong US jobs data increases the chances of another interest rate hike. Markets now estimate the chance of a Federal Reserve rate hike on September 16 at around 60%. According to the recent Bitfinex Alpha report, the United States added 162,000 jobs in August, while unemployment remained at 4.1%. Data … Read more
Bitcoin is trading above $79,000 after U.S. spot ETFs brought in $730.9 million in a single day last week, their second-largest daily inflow of the year after the $843.6 million they raked in on Jan. 14. Crypto analytics platform CryptoRus, in its latest market letter, presented this week as a test to determine whether this … Read more