Bitcoin is witnessing profit booking near its all-time high, but it is likely to find solid support at $100,000. Will altcoins follow?
S&P 500 News
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- Price Analysis
Bitcoin bulls press BTC price closer to a key resistance level as crypto markets rebound and investor sentiment improves.
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Bitcoin bulls appear ready to make a run at the 200-day SMA, which could pull BTC price toward $92,000 and reinvigorate altcoins.
5097 - Market Analysis
Bitcoin’s upside appears to be capped by recession risks, geopolitics and investors’ anxiety over Friday’s crypto summit at the White House
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Bitcoin price faces pressure as $651 million in spot BTC ETF outflows lead traders to focus on the $95,000 support.
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Bitcoin’s fall below $90,000 is a negative sign, but the bulls are expected to vigorously defend the $85,000 level.
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While firms like Tesla are already in the S&P 500, VanEck’s Matthew Sigel says Block may become the first company in the index with an “explicit strategy” for accumulating Bitcoin.
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Inclusion could boost the industry. “Anyone that owns an S&P 500 Index fund will own Bitcoin once MSTR makes it into the index.”
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Bitcoin may still be the “fastest horse” in the risk asset race, but its signals are anything but encouraging for bulls, says Bloomberg’s Mike McGlone.
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Bitcoin price is being driven higher by a new set of bullish catalysts.
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Digital investment products are witnessing solid buying, but it may take a stronger trigger to propel Bitcoin to a new all-time high.
6638 - Price Analysis
Bitcoin and altcoin traders set their sight on new all-time highs now that BTC price is back above $63,000.
7853 - Market Analysis
Bitcoin price is pinned below $60,000, but derivatives and stablecoin data show traders remain optimistic.
12879 - Market Analysis
Spot BTC ETFs made headlines as the media reported $2.8 billion in assets under management, but how significant is the figure?
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Cantor Fitzgerald has been managing Tether’s now $90 billion Treasury portfolio since late 2021.
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