Bitcoin News

Bitcoin has broken down from the two-week consolidation range that held the market between $115,724 and $122,077, reaching a new local low near $114,000. The drop confirms a shift in short-term momentum, putting bulls on the defensive. The $117,000 level—previously a key support zone—now serves as the immediate resistance that must be reclaimed to signal…

Bitcoin has slipped by 2.56% in the past 24 hours, driving the price down below $114,500 briefly in the early Asia trading hours on Friday. The world’s largest crypto is trading at $115.7K at the time of writing, per CoinMarketCap. Bitcoin, after hitting a record high of over $123,000 on July 14, has plunged lower,…

The US Securities and Exchange Commission on July 29 approved orders permitting in-kind creations and redemptions for Bitcoin and crypto exchange-traded products, reversing the cash-only constraint that governed January’s spot bitcoin launches and this spring’s ether funds. In a formal statement, the agency said bitcoin and ether ETPs “will be permitted to create and redeem…

After coming close to the $120,000 price mark a few days ago, Bitcoin’s price faced notable bearish pressure, causing the flagship asset to fall back to $116,000. With BTC experiencing price swings, short-term holders have begun to offload their holdings, indicating panic selling among these investors. Losses Mount For Short-Term Bitcoin Holders As Bitcoin battles…

Bitcoin (BTC) continues to face resistance just under the $120,000 mark, struggling to build enough momentum for a breakout. Over the past 24 hours, the cryptocurrency has remained in a tight trading range above $118,000, representing a slight decline of nearly 4% from its most recent all-time high. Despite the lack of upward movement, analysts…

Bitcoin is currently locked in a tight consolidation that has lasted for over two weeks, trading within a narrow range just below its local highs. While volatility has diminished, suggesting that a breakout—or breakdown—may still take time to materialize, on-chain data reveals a more dynamic picture beneath the surface. According to key metrics from CryptoQuant,…