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Bitcoin Price Prediction: Inflation Data Released, BTC Rebound Weak, What's Next?Bitcoin's price has been fluctuating wildly recently, leaving investors on edge. What factors are driving the price volatility? Why did Bitcoin fail to rebound after the release of US inflation data? What lies ahead for Bitcoin? This article delves into these questions, providing readers with a clearer analysis

Bitcoin and Ethereum Still Face Short-Term Pullback Risks, Key Support Levels to WatchBitcoin touched the downtrend line yesterday with increased supply, indicating a risk of pulling back to the bottom support of the consolidation zone. Bitcoin tested the bottom of the range last night as expected and bounced back, pulling back nearly 2%

Bitcoin Futures Basis and Funding Rate Remain Relatively Stable During Bull RunDespite a nearly 25% surge in Bitcoin's price in September, rising from $53,000 to $66,000, the Bitcoin futures basis and funding rate have remained relatively stable, exhibiting no significant fluctuations. This contrasts with previous price rallies, which typically saw a considerable increase in funding rates and basis

Bitcoin Rebounds Strongly After Consolidation: Institutional Investment and Elections Fuel Market Optimism?Yesterday (October 10th), Bitcoin's price retreated to the $60,000 level, entering a narrow range of consolidation. However, it continued to fluctuate downwards overnight, reaching a low of $58,900, its lowest point since September 17th

Fed May Delay Rate Cut, Bitcoin Drops with Stocks, Futures Premium Falls Below 5%, but Options Data Provides Glimmers of HopeFollowing the release of US September inflation data, Bitcoin prices fell in tandem with US equities, as market concerns heightened about the Federal Reserve potentially delaying further rate cuts. The consumer price index (CPI) rose 2

2024 Nobel Prizes: Artificial Intelligence Takes the Lead, Zhou Hongyi Daringly Predicts the FutureThe 2024 Nobel Prize award ceremony, held from October 7th to 14th, captivated global attention. The Nobel Prize, the highest honor in the scientific world, recognizes individuals who have made "the greatest benefit to humankind" in physics, chemistry, peace, physiology or medicine, and literature

Bitcoin Plunges Below $59,000, Inflation Concerns and Regulatory Pressure Weigh on Crypto MarketBitcoin suffered a significant setback on Thursday, plummeting over 4% to break below the $59,000 mark. This drop marked a new low since the Federal Reserve's unexpected 50 basis point rate cut in mid-September

Fed Pause Rate Cuts More Likely? September CPI Data Beats Expectations, Bitcoin Price DipsData released Thursday by the U.S

The Enigma of Satoshi Nakamoto, the Bitcoin Creator: HBO Documentary Points to Canadian Developer, Who Denies InvolvementOn October 9th, 2023, HBO released its newest documentary, The Untold History of Bitcoin, in which director Cullen Hoback points to Canadian software developer Peter Todd as the creator of Bitcoin, Satoshi Nakamoto, sparking fervent discussions throughout the crypto community. However, Todd vehemently denied the accusation in an interview with the Daily Economic News, arguing that Hobacks claim simply seeks to attract attention

Bitcoin Drops Below $60,000, Market Dips What's Next?Yesterday, Bitcoin prices fell again, breaking below the $60,000 mark and reaching a low of $60,301, with a fluctuation of 2,242 points. Ethereum also experienced a decline, reaching a low of around $2,350

Bitcoin Could Break Through $67,000: Liquidity Levels and Whale Transfers Are Key DriversThe cryptocurrency market is fixated on key levels for Bitcoin [BTC], particularly during periods of volatility. Now, the market anticipates a potential surge in Bitcoin, potentially driven by an increased liquidation level, forcing traders to take decisive action

Crypto Market Holds Steady Ahead of Fed Minutes ReleaseBitcoin and Ethereum traded in a narrow range as traders awaited the release of the minutes from the US central bank's September meeting. The crypto market was subdued on Wednesday morning ahead of the release of the minutes from the Fed's last meeting, which are expected to provide insights into future interest rate policy