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Bitcoin (BTC) broke lower on Oct. 11 as $27,000 saw its first real test since the start of the month.BTC/USD 1-hour chart. Source: TradingViewBTC price battles for support after daily "death cross"Data from Cointelegraph Markets Pro and TradingView tracked increasing overnight BTC price weakness, including a trip to $26,978 on
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“Despite the recent global turmoil, bitcoin has demonstrated exceptional strength, securing its position as the top-performing asset over the past 30 days relative to the US Dollar,” Joel Kruger, market strategist at LMAX Group, noted in an email. He attributed BTC’s rising dominance to the second-largest crypto asset ETH’s stronger
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“As interest costs go up in the United States,” said Jones, “you get in this vicious circle, where higher interest rates cause higher funding costs, cause higher debt issuance, which cause further bond liquidation, which cause higher rates, which put us in an untenable fiscal position.” Source
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The Bitcoin market dominance rate, which tracks the largest cryptocurrency's share of the total digital asset market, rose to 51.2% on Tuesday, near a 26-month high of 52% reached at the end of June. The world’s largest cryptocurrency has gained 66% year to date, compared with the second largest cryptocurrency
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Still, bitcoin and ether continue to trade largely steady. Bitcoin, the leading cryptocurrency by market value, has been locked in a narrow range of $27,000- $28,500 this month. Ether, meanwhile, remains stuck in the two-month range of $1,550- $1,750. Original Source
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“Technically, bitcoin remains in an uptrend but ran into resistance at its 200-day moving average over the weekend,” the analysts said. “All eyes will be on BTCUSD to see if it can successfully consolidate above $28,000, the 200-day moving average. If it does, we can expect a quick rise to
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Bitcoin price failed to clear the $28,500 resistance and corrected lower. BTC retested the $27,250 support and is currently attempting a fresh
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The liquidations happened as crypto prices tumbled as the fight between Israel and Hamas and rising turmoil in the region jolted investors, weighing on risk assets. The largest digital asset, bitcoin (BTC), was down over 2% before climbing back to $27,600. At one point, ether (ETH) slid almost 5% and
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The Bitcoin price has been retracing over today’s trading session after reclaiming some lost ground. The selling pressure could push BTC back
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Bitcoin (BTC) starts the second week of October still up 4% month-to-date as geopolitical instability provides a snap market focus.BTC price action continues to hold steady at $28,000 — what will happen next as markets react to the war in Israel?In what could end up a volatile period for risk
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