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Crypto

Bitcoin \'Bart Simpson\' pattern resurfaces; break below $75,800 may signal sharp drop

Bitcoin has moved sideways in the $77,000 range after a sharp rise in August, heightening market caution over a potential steep drop. Some analysts say the chart could form a so-called “Bart Simpson” pattern, in which prices surge, trade in a tight range and then quickly return toward the starting point. Traders are focused on $75,800, which could strengthen bearish expectations if broken. Seasonal weakness in September and upcoming Fed policy decisions are also in focus.

Crypto

Bitcoin clears $80,000 after three months as digital asset alliances gather pace

Bitcoin rose above $80,000 for the first time in three months on a weaker dollar, expectations of clearer U.S. digital asset rules and inflows into spot exchange-traded funds. In South Korea, interest is growing over whether renewed debate on a basic digital asset law could lead to institutional changes such as corporate investment and spot ETFs. Financial firms are also accelerating tie-ups spanning banks, brokerages and asset managers.

Crypto

Bitcoin up 25 percent in August faces September test as \'Red September\' jinx looms

Bitcoin is again confronting statistics showing September as its weakest month, having closed lower in 8 of the past 13 Septembers since 2013. The average September return was minus 2.97 percent, with a median of minus 2.44 percent, while October has been the strongest month. Analysts also point to U.S. equity seasonality, Fed rate expectations and support and resistance levels as key factors as bitcoin trades around $77,500.