Category: Market Analysis

BTC price weakness continues, taking BTC/USD below $56,000 despite the smallest year-on-year CPI increase since February 2021.

Bitcoin bulls are caught between a disappointing US Presidential debate and classic pre-CPI BTC price pressure.

Glassnode data highlights a “notable decline in trade activity over the last quarter,” but traders are hopeful that Q4 will bring a sharp trend reversal. 

The Millennial influencer, who was offered $10M by a billionaire to start a crypto fund, says Bitcoin will rip if Trump looks like winning.

BTC price volatility is expected to accompany US macro data and the Presidential debate, while Bitcoin traders stay cautious about the recent rebound.

Bitcoin futures CME gaps have been filled by price every time over the past quarter, and over the weekend, another gap was formed between near $54,000. 

BTC price action over the past month has had major consequences for Bitcoin investor dynamics.

Two smart contract auditors miss a Penpie bug that resulted in a $27M exploit, Pythia Finance attacker claims way too many rewards: Crypto-Sec

Bitcoin’s weekly close above a key support level is “good news” according to traders, and today’s rally to $56,500 could be a sign that the bottom is in.

A stock market recovery, investors’ anticipation of upcoming US inflation data and risks to the US dollar dominance are fuelling Bitcoin’s recent price gains.