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Crypto

Grayscale says bitcoin may have bottomed earlier than four-year cycle

Grayscale has raised the possibility that bitcoin may have hit its bottom earlier than the timing implied by the traditional four-year cycle. Grayscale Research head Zach Pandl said bitcoin is becoming a mature asset and is increasingly influenced by macroeconomic variables, including the Federal Reserve\'s rate decisions. He said bitcoin may already have bottomed if the Fed does not raise rates and economic growth holds. Regulatory uncertainty remains a risk.

Crypto

Caution persists despite bitcoin strength, focus on $65,600 and $67,200 zones

Bitcoin briefly rose to $65,500, its highest level in three weeks, supported by a slowdown in the U.S. producer price index and inflation data that came in below expectations for a second day. Some observers said the figures could lift stocks and further lower expectations of future rate increases. Still, traders and analysts flagged near-term technical resistance around $65,600 and $67,200 and warned of potential pullbacks.

Crypto

Bitcoin recovers to $63,500 range as market\'s \'Monday caution\' draws attention

Bitcoin climbed to the $63,500 range, nearing its highest level in two weeks. It traded around $62,700 ahead of the weekly close and retested the 200-week simple moving average, viewed as a long-term trendline. The rise came amid thin order books and U.S. holiday conditions, with selling pressure seen near the top. Short-position liquidations also lifted prices. Traders remained wary of early-week trading, citing recent Monday weakness.