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Bitcoin Sees Increasing Correlation With Equities But Remains Relatively Weaker: Bitfinex

Bitcoin’s correlation with the U.S. equities market has been rising for more than a month, as seen in the collective plunge and rally across different asset classes during the Japanese…

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Bitcoin Price Analysis: This Critical Level Will Dictate Whether $68K or $60K is Next for BTC

Bitcoin has undergone a bullish retracement over the past month, successfully surpassing several key resistance levels. However, the price has now approached a critical resistance zone defined by the 100—and…

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Very Important Cardano (ADA) Update, Bullish Ripple (XRP) Price Outlook, and More: Bits Recap August 26

TL;DR One analyst believes XRP could see a further surge, potentially reaching $2 if it breaks key resistance levels. Cardano’s ADA saw a price surge, briefly surpassing $0.40, driven by…

Continue ReadingVery Important Cardano (ADA) Update, Bullish Ripple (XRP) Price Outlook, and More: Bits Recap August 26

4 Cryptocurrencies to Watch Following Jerome Powell Jackson Hole Update

The current U.S. benchmark rate for massive overnight money market loans from the central bank is in the range of 5.25% and 5.5%. When Powell spoke in Jackson Hole, Wyoming,…

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ETF Weekly Recap: Only Inflows for Bitcoin but Ethereum Products Register Longest Outflow Streak

Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products. However, Ethereum ETFs are in…

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Over $130M in Liquidations as Bitcoin Skyrockets to a 3-Week Peak After Powell’s Rate Cut Promise

The business week ends with high levels of volatility as bitcoin’s price soared to almost $64,000 for the first time since the start of the month. This rally, which was…

Continue ReadingOver $130M in Liquidations as Bitcoin Skyrockets to a 3-Week Peak After Powell’s Rate Cut Promise