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Crypto

Bitcoin rally breakout momentum fades as U.S. demand and futures indicators weaken

Bitcoin has recently risen but may fail to break back above $80,000 as signals point to slowing U.S. institutional demand, an analysis said. The Coinbase premium index fell even as price approached resistance again, indicating weaker U.S. buying. Futures indicators also softened, with open interest down and funding rates less negative, suggesting reduced short-covering pressure. Traders are watching $79,510 as a key level, with multiple support zones below.

Crypto

Bitcoin eyes $80,000 as Coinbase premium signals U.S. institutional buying

A key gauge of U.S. investor demand in the bitcoin market, the Coinbase premium index, has stayed positive for 14 straight days. CoinDesk reported this is the longest bullish run since a period in October last year when bitcoin traded above $126,000. Data compiled by CoinGlass show the index did not turn negative from April 9 to 22. Bitcoin rose above $78,000 on April 22 and is up 14 percent this month.

Crypto

Ethereum $6,300 call revives as analysts spot 2025-like 250 percent surge pattern

Ethereum has rebounded after retesting an uptrend line that has supported its price since 2022, and its weekly chart has confirmed a bullish MACD crossover. Analysts said the setup resembles the pattern that preceded a 250 percent rise in 2025, with one suggesting a possible move toward $6,300 if the pattern repeats. Others said a break above $2,400 is needed, while demand and institutional inflows show signs of improving.