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Bitcoin Price is on the Cusp of a Bullish Breakout
Bitcoin price rose slightly and crossed the important resistance of $65,000 as traders embraced a risk-on sentiment after the weak US inflation report. The BTC/USD pair was trading at $64,920 on Thursday, up by 12% from its lowest point in June. Risk-On Sentiment Despite US-Iran War Bitcoin and other risky assets jumped as investors ignored the ongoing Iran-US war that has pushed crude oil prices higher. Brent, the global benchmark, jumped to $85, up by 20% from its lowest level this month. There is a risk that the war will continue in the coming weeks as the path out of the current situation appears narrow. As a ... (full story)
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From fxstreet.com | 6 hr ago
Cryptocurrencies are broadly consolidating on Thursday, while Bitcoin (BTC) retreats toward support at $64,000. Ethereum (ETH) hovers below $1,800, with its upside seemingly limited, following a macro-driven rally. Meanwhile, Ripple (XRP) sits on top of the reclaimed $1.10 support, reflecting the broader cool-down in the market. Retail interest in Bitcoin ...
From financemagnates.com | 11 hr ago
This is turning into a better week for the world’s most popular cryptocurrency after Monday’s sharp sell-off. But Bitcoin continues to struggle to generate meaningful momentum. As David Morrison, Senior Market Analyst at Trade Nation, observes, risk appetite has been undermined by the ongoing conflict between the US and Iran, while rising oil prices and ...
