Bitcoin

Focuses on news, price analysis, technological evolution, and market trends within the Bitcoin ecosystem. It explores its role and influence in the global financial system.

How Low Could Bitcoin Fall After Standard Chartered Cut Its Forecast?

Standard Chartered has lowered its Bitcoin price forecast, warning that BTC could fall toward $50,000 before a potential recovery later in 2026. The bank reduced its year-end 2026 target from $150,000 to $100,000, citing persistent outflows from Bitcoin ETFs and a weaker macroeconomic environment. Technically, Bitcoin is trading near $66,400, below the 50-week moving average, and approaching the 200-week moving average near $58,200—a key historical support level. Momentum indicators like the RSI show oversold conditions, but the overall trend remains bearish. A break below $58,000 could see further declines toward $50,000, while resistance is seen between $80,000 and $90,000. The bank views a potential drop to $50,000 as a capitulation phase before a eventual rebound.

TheNewsCrypto4m ago

How Low Could Bitcoin Fall After Standard Chartered Cut Its Forecast?

TheNewsCrypto4m ago

Brazil Introduces Bill to Accumulate 1 Million Bitcoin Over Five Years

Brazil's Congress has proposed a bill, the Bitcoin Strategic Reserve Act, to accumulate 1 million Bitcoin as a national strategic reserve over five years. The legislation includes provisions to pay federal taxes in Bitcoin, offers full income tax exemption on Bitcoin capital gains, and provides incentives for mining and custody businesses. It also proposes a ban on selling Bitcoin confiscated by the judiciary. If passed, this would position Brazil as a leading national holder of Bitcoin, significantly impact the global Bitcoin market due to its fixed supply, and represent a major shift in digital currency taxation policy. The specifics regarding governance, regulatory updates, and the purchase process are still under discussion.

TheNewsCrypto14m ago

Brazil Introduces Bill to Accumulate 1 Million Bitcoin Over Five Years

TheNewsCrypto14m ago

Bitcoin Selloff Drew Spot Volume, But Demand Lacked Follow-Through: Glassnode

Bitcoin spot trading volume spiked during the recent selloff that drove the price toward $60,000, but the surge was short-lived, according to on-chain analytics firm Glassnode. The initial increase reflected panic reactions and short-term repositioning rather than sustained buying interest. The lack of follow-through demand suggests shallow absorption relative to selling pressure. Meanwhile, Bitcoin has found support in the $60,000–$72,000 range, a zone where prior buyers appear to be defending their positions. As of the report, BTC's price has declined to around $65,900.

bitcoinist53m ago

Bitcoin Selloff Drew Spot Volume, But Demand Lacked Follow-Through: Glassnode

bitcoinist53m ago

Can Bitcoin reclaim $74K? – $559M BTC whale dump raises doubts

Bitcoin's bearish pressure intensified after rejection at $72k, dropping to around $66k and later trading near $60k. A significant whale sold 8,200 BTC worth $559 million on Binance, contributing to a 3% price decline. Whale selling has dominated for two weeks, indicating strong bearish sentiment. Technical indicators like the Ease of Movement and Money Flow Index reflect sustained selling pressure and weak buying interest. BTC risks falling toward $60k unless buyers return. A reversal would require renewed whale demand, as seen in brief recoveries when exchange netflow turned negative. The market remains in a risk-off phase with thin liquidity.

ambcrypto2h ago

Can Bitcoin reclaim $74K? – $559M BTC whale dump raises doubts

ambcrypto2h ago

Bhutan Has Added to 3-Week Bitcoin Selling as BTC Price Drops Below $67k

Bhutan has continued its three-week pattern of selling Bitcoin, offloading an additional $6.7 million worth of BTC. The nation still retains a significant holding of approximately $372 million. This selling activity coincides with BTC's price dropping below $67,000, currently trading around $66,483. A potential reason for the sales is a slowdown in mining speed following the April 2024 halving. Despite the price drop and warnings of potential short-selling pressure from firms like Goldman Sachs, overall market sentiment for Bitcoin's future remains bullish. Projections suggest a potential 32.61% price jump to $88,200 in the next three months, with institutions like JPMorgan citing strong fundamentals and rising institutional inflows.

TheNewsCrypto3h ago

Bhutan Has Added to 3-Week Bitcoin Selling as BTC Price Drops Below $67k

TheNewsCrypto3h ago

Is Russia’s return to the dollar a hidden bullish signal for Bitcoin?

Geopolitical tensions and risk aversion have pressured markets, erasing $120 billion recently. Bitcoin (BTC) fell 1.2%, while gold and the S&P 500 also declined. A Bloomberg report suggested Russia may be shifting back to using the U.S. dollar for settlements, potentially strengthening the DXY. A stronger dollar could make bonds more attractive, reducing Bitcoin's appeal as a risk asset. However, sentiment, rather than technical structure, appears to be driving Bitcoin's price. Despite steady accumulation by large holders near the $60k support level, institutional demand remains fragile with continued ETF outflows. A potential U.S.-Russia economic partnership could improve market sentiment, which may prove more influential for Bitcoin's trajectory than chart patterns.

ambcrypto3h ago

Is Russia’s return to the dollar a hidden bullish signal for Bitcoin?

ambcrypto3h ago

Bhutan’s Bitcoin Offloading Continues for the Third Week: Here’s How Much the Country Has Sold Until Now

Bhutan has continued its Bitcoin sales for the third consecutive week, offloading approximately $29 million worth of BTC in recent transactions. The government has sold over $129 million in Bitcoin over the past five months, reducing its holdings from a peak of over 13,000 BTC to around 5,700 BTC, currently valued at approximately $372 million. These strategic sales are executed periodically, often in tranches of around $50 million, with recent smaller increments likely due to Bitcoin's price decline below $70,000. The country accumulated its Bitcoin holdings through state-backed mining operations powered by its abundant hydropower resources, rather than direct purchases. This initiative began in 2019 through Druk Holding and Investments (DHI), the sovereign investment arm. Profits from these sales have been significant, contributing over $200 million annually in recent years and funding national development projects, including the Gelephu Mindfulness City initiative. Despite a slowdown in mining activity following the April 2024 Bitcoin halving, which reduced block rewards, Bhutan remains a notable sovereign holder of Bitcoin. Its approach demonstrates a model for leveraging renewable energy for cryptocurrency mining and integrating digital assets into economic strategy.

ccn.com4h ago

Bhutan’s Bitcoin Offloading Continues for the Third Week: Here’s How Much the Country Has Sold Until Now

ccn.com4h ago

Matrixport Research: Bear Market Confirmed, the True Window for Bottom-Fishing May Not Have Arrived Yet

Matrixport Research confirms that the crypto market has entered a bear phase, with Bitcoin's recent break below a key support level signaling a confirmed downtrend. Historical cycle analysis suggests this correction aligns with typical bear market patterns in both scale and rhythm. The focus has now shifted from whether the trend has reversed to identifying the next optimal accumulation window. Key observations indicate that Bitcoin's break below its one-year moving average often marks the start of a bear market, which historically lasts about 12 months. This suggests the next bull cycle may not begin until Q4 2026, with a potential cycle low likely in Q3 2026. The report also posits that Bitcoin’s four-year cycle correlates more strongly with U.S. midterm election cycles than with halving events, citing heightened regulatory and political uncertainty as key drivers of market tops and bottoms. From a technical perspective, neither the monthly Stochastic oscillator (currently at ~39%) nor the monthly RSI (near 50) has yet reached key oversold thresholds that historically signaled major bottoms. A clear reversal confirmation—typically occurring after a break below extreme levels—has not appeared. The report concludes that the final market low has likely not been reached and emphasizes the need for patience. A sustainable recovery should be confirmed by clear signals of exhausted selling momentum, not just proximity to perceived low prices.

Matrixport4h ago

Matrixport Research: Bear Market Confirmed, the True Window for Bottom-Fishing May Not Have Arrived Yet

Matrixport4h ago

Fear is high, prices are falling, but why are companies loading up on crypto?

Amidst market fear and falling Bitcoin prices, a notable trend of corporate accumulation is occurring. While some companies sold over 10,000 BTC recently, a smaller group of confident buyers acquired significantly more. Leading the charge, Strategy (formerly MicroStrategy) added 27,234 BTC in 30 days—more than double the total amount sold by others. They are joined by firms like Strive Asset Management and, notably, non-tech company DDC Enterprise Limited, signaling adoption across industries. This aggressive buying contrasts with Bitcoin's 26% monthly price drop and an "Extreme Fear" market sentiment. Beyond Bitcoin, Ethereum is also gaining corporate interest, with BitMine becoming the world's largest known corporate holder of ETH. The overall theme is that long-term believers are seizing the opportunity presented by short-term fear and price weakness.

ambcrypto5h ago

Fear is high, prices are falling, but why are companies loading up on crypto?

ambcrypto5h ago

活动图片

Hot Categoriesright-arrow

Hot Tagsright-arrow

Bitcoin

Project Updates