U.S.-listed Bitcoin spot exchange-traded funds (ETFs) signaled potential market recovery with $91.6 million in net inflows recorded. The inflows coincided with Bitcoin trading around $115,023, reflecting a 6.5% decline from its all-time peak of $123,000. Market analysts have pinpointed the… Read More »Bitcoin ETFs See $91.6 Million Inflows as BTC Tests Resistance Near $115,000
The latest US economic data reveals a heightened inflationary environment, impacting cryptocurrency market dynamics. The US Federal Reserve’s preferred inflation measure, the core Personal Consumption Expenditures (PCE) price index, rose to 2.8% year-on-year in June. This marks the highest level… Read More »US Core PCE Inflation Rise Pressures Bitcoin as Key Technical Levels Tested
Bitcoin faces heightened market volatility amid projections that breaking the $114,000 resistance level would trigger approximately $1.389 billion in short position liquidations across major centralized exchanges. Analysts indicate significant liquidity risks exist as BTC encounters formidable technical resistance near $110,348.… Read More »Bitcoin Surge Beyond $114,000 Could Trigger Massive $1.389 Billion Liquidation Event
Bitcoin experienced a significant rebound, climbing approximately 2%, following concerning US private-sector employment data. The latest figures reveal a decline of 33,000 jobs in June, marking the steepest drop since March 2023. The unexpectedly weak labor market data fueled speculation… Read More »Weak US Jobs Data Spurs Bitcoin Rebound Amid Fed Rate Cut Speculation
Technical analyst John Bollinger has indicated that Bitcoin’s recent price surge may be showing signs of exhaustion as it approaches the critical $110,000 resistance level, suggesting a potential trend reversal or consolidation phase. Bollinger’s analysis identifies a ‘three pushes up’… Read More »Bollinger Flags Potential Bitcoin Rally Exhaustion Near $110,000 Resistance
Spot Bitcoin exchange-traded funds (ETFs) recorded a sharp 61% decline in net inflows, falling to $165 million from the previous $435 million. This slowdown coincided with Bitcoin facing significant price resistance near the $110,000 threshold. BlackRock’s IBIT ETF dominated inflows… Read More »Bitcoin ETF Inflows Drop 61% Amid $110K Resistance While Derivatives Signal Bullish Outlook