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Bitcoin Defies Selling Pressure as $75K Holds the Line

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Bitcoin defies selling pressure after it recovered toward $78,000 on November 4 after briefly falling below $76,000, showing renewed buying interest as cryptocurrency markets adjusted to the outcome of the U.S. midterm elections. The rebound followed a seven-week low of $75,618, suggesting that buyers remain active around important technical support levels. Although political uncertainty initially […]
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Bitcoin Bounces Back as Markets Digest Midterms

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Bitcoin bounces back as it staged a sharp V-shaped recovery after briefly falling below $76,000 following the U.S. midterm elections, returning towards the $78,000 level as traders reassessed the political and economic outlook. However, despite renewed buying interest, BTC’s recovery remains technically fragile, with key moving averages likely to determine whether the rebound can develop […]
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Bitcoin Price Risks Drop Below $76K as Oil Prices Slide 7%

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TL;DR Bitcoin price risks another drop as it fell below $77,000 on Monday despite a sharp decline in oil prices fueled by hopes of a diplomatic resolution to the US-Iran conflict. BTC failed to break above $78,500, raising concerns about another move lower. Analysts warn that Bitcoin could fall below $76,000 if bearish momentum continues. […]
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Bitcoin Faces Fifth Weekly Loss as US Midterms Weigh In

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TL;DR Bitcoin faces more losses as it heads toward a potential fifth consecutive weekly decline, extending its slide from around $87,000 to near $76,500. Uncertainty surrounding the US midterm elections is keeping investors cautious about risk-sensitive assets, including cryptocurrencies. Apple’s warning about rising memory chip costs and pressure on profit margins has added to concerns […]
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Binance Outflows and ETF Selling Weigh In On BTC

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TL;DR Bitcoin slipped 0.4% to around $77,900 as investors assessed the fallout from Binance’s $6.3 billion hack as binance outflows pressure BTC’s price. Binance reported $3.64 billion in net outflows during the first nine and a half hours after withdrawals resumed. U.S. spot Bitcoin ETFs recorded $643 million in outflows on Friday, adding to pressure […]