Why $60K Is On The Cards: 3 Unmistakable Forces Moving the Market

Strategy's rise highlights Bitcoin's growing influence in traditional markets, challenging established financial norms and increasing market volatility. The post Strategy surpasses Goldman Sachs in trading volume, returns to top 50 US stocks appeared first on Crypto Briefing.

Bitcoin traded near $62,743 on Thursday morning at 8 a.m. EDT, up 1.0% over the past 24 hours as the asset consolidated inside a $61,507 to $63,116 range. Short-term technical readings point to consolidation, while longer-term moving averages continue to signal a corrective phase across the one-hour, four-hour, and daily charts. Hourly Chart Shows Tight, […]

Bitcoin holds above $60K as bearish chart signals appear and Brent oil rises 10%, putting $63K reclaim in focus. Bitcoin is showing weaker price action as traders watch a hidden bearish divergence on the daily chart. The setup has placed the $63,000 level back in focus. BTC is still holding above $60,000, which remains an […] The post Bitcoin Flashes Bearish Signal as Brent Oil Surge Threatens Risk Assets appeared first on Live Bitcoin News.

The post Pricing houses in bitcoin (BTC) exposes dollar’s debasement: Crypto Daily appeared on BitcoinEthereumNews.com. The price of a family home in the U.S. tells two very different stories depending on how it’s measured. Comparing the stories underscores bitcoin’s BTC$62,590.77 appeal as a long-term hedge against dollar debasement, the erosion of value in the fiat currency. According to Fidelity Digital Assets, a typical U.S. house has gained more than $100,000 since 2020. That house-price appreciation is said to generate a positive wealth effect, an economic phenomenon where rising home values make homeowners feel wealthier. Feeling wealthier, they spend more, borrow more and boost the economy even if their actual income remains unchanged. But what if the gain is just a mirage? Price the same house in bitcoin and the narrative shifts sharply. What required more than 50 BTC in 2020 now costs just 5 BTC, a 90% decline. “What appears to be appreciation in housing is more accurately a

The post Bitcoin’s Demand Resurgence: Is This the Sign of a New Bull Run? appeared on BitcoinEthereumNews.com. Over the past week, Bitcoin has observed a notable increase in demand, primarily driven by futures trading activities. CryptoQuant, a leading crypto analytics firm, reports significant developments that suggest a possible turnaround in the cryptocurrency’s momentum. Continue Reading:Bitcoin’s Demand Resurgence: Is This the Sign of a New Bull Run? Source: https://en.bitcoinhaber.net/bitcoins-demand-resurgence-is-this-the-sign-of-a-new-bull-run

The escalating US-Iran tensions could lead to increased crypto market volatility and stricter regulatory scrutiny on exchanges globally. The post Iran vows retaliation after Khamenei killing as Bitcoin whipsaws and crypto outflows surge 700% appeared first on Crypto Briefing.

Stable jobless claims and modest job growth bolster expectations for Fed rate cuts, potentially boosting risk assets like Bitcoin and Ethereum. The post US jobless claims hold steady at 215,000 as labor market signals ‘goldilocks’ zone for risk assets appeared first on Crypto Briefing.

The post Peter Schiff: Bitcoiners Are In Denial About Strategy’s BTC Sale appeared on BitcoinEthereumNews.com. Schiff’s warning centers on market psychology, arguing Strategy’s sale could change how investors view BTC’s long-term support. Peter Schiff used his podcast this week to argue that BTC holders are ignoring what Strategy’s decision to sell some of its stack means for the asset. According to him, the company built by Michael Saylor was the real floor under Bitcoin’s price, and that floor is now gone. Schiff Says Strategy’s Selling Exposes the Real Backbone of Crypto In the hour-long episode aired on YouTube on July 9 and covering everything from the reported collapse of the Iran peace deal to the DOGE shutdown, Schiff claimed that Bitcoin supporters were being willfully blind to Strategy’s changing role in the market. According to him, the firm’s buying had become a major source of demand that helped support BTC’s price. “Bitcoiners are delusional right now, or in denial abou