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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

Bond markets wobble but bitcoin stays calm as Japan 10-year yield tops 3 percent

Bitcoin traded around $77,000 without a clear direction as long-term government bond yields surged in Japan and the United States. Japan’s 10-year yield reached 3 percent for the first time since 1996 and the 30-year yield topped 4.18 percent. U.S. 10-year yields rose to 4.78 percent. Markets focused on a U.S. Treasury plan to expand bond buybacks, policy constraints in Japan and the United States, and commentary on dollar liquidity.

Crypto

Bitcoin up 24 percent in August, strongest since 2017 despite U.S.-Iran clash

Bitcoin posted its strongest August rise since 2017, gaining more than 24 percent to trade around $78,000, despite renewed U.S.-Iran military clashes and a hawkish turn by the Federal Reserve. Brent crude climbed to around $91 a barrel after strikes and retaliation, stoking inflation worries. Analysts said oil supply disruption risks remain limited. Market data showed spot trading volumes stayed weak, though activity stabilized and some exchanges saw modest month-on-month increases.