Bitcoin, however, has remained above the $109,000 mark as bulls maintain control despite brief selling pressure from US nonfarm payroll data, said analysts
Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, briefly surpassed the $2,500 level but failed to hold gains
With the US Dollar Index hitting a multi-year low, analysts believe Bitcoin is increasingly being viewed as a resilient high-growth asset in times of macroeconomic uncertainty.
Market analysts believe that the dovish comments from the US Fed on recession and rate cuts have boosted market sentiment, contributing to the bullish momentum
Market analysts suggest that the ceasefire alleviated immediate concerns about global oil disruptions and restored geopolitical stability, elevating the confidence of the crypto bulls
The sudden escalation, analysts said, triggered widespread panic across the crypto market, resulting in over $1 billion in liquidations-primarily from overleveraged long positions
Bitcoin, analysts said, is in a phase of consolidation due to global macroeconomic uncertainty
Vikram Subburaj, CEO of Giottus Crypto Platform, believes that there is a strong likelihood for Bitcoin to consolidate at current levels and undergo a short squeeze towards $109,000
Analysts believe that the regulatory developments such as the GENIUS Act and Thailand's recent five-year tax exemption policy are shaping a new global crypto landscape
Market analysts suggest that Bitcoin's current consolidation near $107,000 reflects short-term seller control
Bitcoin (BTC), the flagship digital asset, held firmly above the $106,400 level after briefly dipping to $103,200.
CoinDCX owns a total of $606.61 million in assets, reaffirming its strong reserve position
The massive increases in some firms' stock price may seem to validate LeClair's bravado, but there are plenty of warnings that a downturn in bitcoin's prices could lead to large selloffs
Zettai's failure to disclose a Panama-based subsidiary led Singapore High Court to reject its crypto restructuring plan, delaying payout of seized digital assets
The flagship cryptocurrency Bitcoin (BTC), which scaled a record high of $111,970.17 last week, plunged to $104,684.72, its lowest level in seven days, on Friday, May 30
Appearing alongside his brother Donald Trump Jr., Eric made a bullish forecast, predicting that the value of Bitcoin would skyrocket in the near future
All targeted people with ties to the cryptocurrency world - in most cases, family members of crypto entrepreneurs or influencers
Market analysts suggest that the current consolidation of Bitcoin is short-term as investors are awaiting decisive breakout or breakdown signals
Market analysts believe that Bitcoin has recovered after macro concerns about US-European trade tariffs made it retest support around $106,500
From the technical perspective, analysts believe that Bitcoin now faces resistance at $112,600, with key support moving to $108,700