The Dollar Index (DXY) dipping below 100 has historically aligned with Bitcoin (BTC) bull runs, delivering gains of over 500% during the last two instances. Now, as trade tensions escalate and US Treasurys face sell-offs, some analysts believe China may be actively working to weaken the US dollar. This added pressure on the dollar heightens … Read more
Bitcoin (BTC) rose 4.25% last week to close above $86,000, and the bulls extended the recovery above $88,700 on March 24. 10x Research founder Markus Thielen said in a March 23 report that Bitcoin’s reversal indicators had turned positive, suggesting a “renewed uptrend.” Buyers seem to be returning to the markets. According to SoSoValue data, … Read more
Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies. CoinShares’ weekly report shows that cryptocurrency exchange-traded products (ETPs) … Read more
Bitcoin (BTC) has been trading below the psychologically critical $100,000 level for the past few days, signaling a lack of aggressive buying at lower levels. CryptoQuant contributor J. A. Maartunn said in a Quicktake blog post that Bitcoin “flowing out of derivative exchanges and into spot exchanges” suggests the start of a bearish phase. The … Read more
Bitcoin (BTC) hit a new all-time high above $109,500 on Jan. 20, after the odds for a strategic Bitcoin reserve skyrocketed to 69% on DeFi betting market Polymarket. The newly launched Trump family-related memecoins, Official Trump (TRUMP) and Official Melania (MELANIA), have also seen massive interest from the cryptocurrency trading community. Intergovernmental blockchain expert and … Read more