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Crypto

Bitcoin jumps from $60,000 to $70,000 range; analyst sees pattern like early 2019 and 2023 bull markets

Bitcoin has surged 26.81 percent over the past week, rising from the $60,000 range to the high $70,000s. Analyst Ali Charts said the jump resembles rebound patterns seen at the end of past bear markets. He pointed to a short squeeze as a key driver, where forced liquidation of short positions accelerates gains. He compared the move to weekly rallies in 2019 and January 2023, while cautioning the pattern may not repeat.

Crypto

Bitcoin hits August high overnight as focus turns to U.S. CPI and PPI this week

Bitcoin rose to an August high near $65,420 ahead of the weekly close, shifting market attention to U.S. inflation data due this week. July CPI and PPI are scheduled for release on Aug. 12 and 13, after both came in below expectations last month. Analysts pointed to shifting expectations for a Fed rate hold in September. The article also highlights yen intervention, technical resistance near $65,800, mixed on-chain signals and weak spot market activity.

Crypto

Monthly $100 crypto buys since 2022 show sharply divergent results; bitcoin, XRP gain, ethereum, cardano lose

A strategy of buying cryptocurrencies with the same amount each month did not guarantee gains across all assets, an analysis showed. Investing $100 a month from 2022 through August 2026 produced profits in bitcoin, XRP, Solana and Tron, but ethereum and cardano ended with portfolio values below the $5,600 invested. Most gains were made in the 2024 rally and later eroded in a subsequent market pullback.