Bitcoin’s recent surge has stalled as investors grapple with a perfect storm of economic uncertainties. From weakening macroeconomic indicators to looming political tensions, several factors have conspired to keep the cryptocurrency below the crucial $64,500 resistance level. 1. Economic Headwinds The global economy continues to cast a shadow over Bitcoin’s price trajectory. Weak housing data

Bitcoin’s price has experienced a sharp decline today, mirroring a broader downturn in global risk markets. This downturn is primarily driven by escalating concerns about a potential economic recession and the Federal Reserve’s subsequent policy adjustments. Recession Fears and Market Volatility As the U.S. economy grapples with the specter of recession, investors are becoming increasingly

Recent on-chain analysis suggests that a surge in new Bitcoin investors is mirroring a similar trend observed in 2019, just before the cryptocurrency’s significant price surge. According to CryptoQuant, the influx of new investors, as evidenced by the increase in unspent transaction outputs (UTXOs) with a holding period of six months or less, is reminiscent

Bitcoin’s recent dip below $58,000 has raised concerns about its long-term uptrend. According to crypto analyst Matthew Hyland, the cryptocurrency must print a higher high on its price chart to confirm that it remains in a bullish trajectory. “We need to see a bounce and a higher high to solidify our position in this uptrend,”

Bitcoin’s price could face additional downward pressure in September as two significant events loom on the horizon. The defunct crypto exchange Mt. Gox is set to distribute $2.7 billion worth of Bitcoin to creditors, while the US government holds $12.1 billion worth of the cryptocurrency. Mt. Gox Repayments: Distribution: Mt. Gox is scheduled to distribute