Tag: Bitcoin

Bitcoin recovery: The leading cryptocurrency rebounded to near $106,000 after an initial dip, driven by optimism over a potential resolution to the 39-day U.S. government shutdown. Liquidity potential: Ending the shutdown could release $150-200 billion from the Treasury General Account, boosting bank reserves and risk assets like crypto. Regulatory risks: A prolonged stalemate may stall key legislation, including the CLARITY Act...

The US Senate has advanced a bipartisan funding bill to end the 40-day government shutdown, sparking a relief rally in crypto markets. Bitcoin rose 4.4% to $106,119, while Ethereum surged 7.8% to $3,632 in the past 24 hours. Analysts see the resolution as a positive liquidity signal, potentially unlocking delayed ETF approvals and boosting institutional inflows. Cryptocurrency prices surged on Monday following reports that...

Significant sell wall above $105,000 is capping Bitcoin’s upside potential. Relief rally lifts price from $99,600 to around $103,400. Whale influence is diminishing, with ETF flows taking precedence. Market volatility eases, but risks persist at key support levels. Bitcoin is grappling with strong resistance as it nears $105,000, where a large concentration of sell orders is hindering further advances. Traders...

Bitcoin hits two-week low: Price falls below $104,000, down nearly 4% in 24 hours, amid broader risk-off sentiment. Massive liquidations: Over $1.37 billion in leveraged positions wiped out, with $1.2 billion from longs, per CoinGlass data. ETF outflows continue: Spot Bitcoin ETFs saw $187 million in net redemptions on Nov. 3, marking four straight days of losses. Bearish indicators mount: Crypto Fear & Greed Index at 21;...