Following an interest rate drop on Wednesday, Federal Reserve Chair Jerome Powell forcefully reaffirmed the central bank’s stance on Bitcoin at a press conference. Powell clarified that legal constraints preclude the U.S. government from establishing a Bitcoin reserve when questioned about the prospect of doing so. He clarified:“We are not permitted to possess Bitcoin. We […]
Bitcoin faces growing bearish pressure as 10-year U.S. Treasury yields rise, diverting investor interest. Historically, higher Treasury yields reduce the appeal of riskier assets like BTC, as they make traditional investments more rewarding. The recent yield surge has raised concerns, pushing Bitcoin prices lower.As borrowing costs climb, Bitcoin’s role as an inflation hedge loses traction, […]
Bitcoin Makes Another Fall Despite Persistent Buyers Bitcoin bulls are striving to regain control as the price dips to the $97,670 key level. After reaching a quarterly high of $108,550 earlier this month, Bitcoin has experienced a significant pullback, retreating to this critical support zone. BTCUSD Key Levels Resistance Levels: $89,000, $93,000Support Levels: $97,670, $98,900Despite […]
Peter Brandt, a renowned trader and market analyst, has predicted that Bitcoin’s price could reach $125,000 as institutional interest and whale activity continue to drive demand. His bullish forecast has ignited discussions across the crypto space, further boosting market confidence. Bold Bitcoin Forecast by Peter Brandt Peter Brandt recently shared a chart projecting Bitcoin’s next […]
Bitcoin (BTC) is gaining traction worldwide as major countries take steps to embrace it. US President-elect Donald Trump has confirmed plans to create a national Bitcoin reserve. This move aims to keep the US ahead as countries like China continue advancing in cryptocurrency adoption. Trump first suggested the idea in July, stating Bitcoin could eventually […]
The anticipated crypto bull market is poised to unfold in three distinct stages over the next two years. Each phase presents unique challenges and opportunities for investors, demanding careful strategy, patience, and discipline. Below, we delve into the specifics of each stage, offering insights into how to navigate them effectively. Stage One: Bitcoin’s Journey from […]
Bitcoin hits $90,400 amid growing investor optimism and confidence. Bitcoin (BTC) has skyrocketed to $90,400, driven by rising market confidence. This comes as investors anticipate favorable changes following the expected resignation of the SEC Chairman. XRP Coin has also surged past $1, adding to the bullish sentiment. The cryptocurrency fear and greed index stands at […]
Bitcoin’ weekend surge may signal an imminent market correction ahead. Bitcoin’s rapid $2,000 rise on Nov. 10 could soon reverse, say analysts. The recent low liquidity weekend rally saw BTC/USD gain nearly 3%, a trend that typically leads to pullbacks. Market commentator WhalePanda noted that price increases during low-liquidity weekends usually “fully retrace.” #Bitcoin Huge […]
Bitcoin Bears Loom if BTC Stays Under $70,000 Level. Crypto analyst DonAlt has issued a warning about Bitcoin’s near-term prospects, highlighting potential bearish risks if BTC fails to secure a close above the critical $70,000 mark. Currently trading at $69,379, Bitcoin could face heightened selling pressure if it remains below this level. DonAlt points out […]
