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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

Shiba Inu may end long decline, analyst says next is \'rocket phase\'

Shiba Inu has broken above a long-term downtrend line and may be entering a new uptrend, an analysis said. Crypto analyst Crypto Sheriff said the token has moved from a decline and consolidation into a recovery phase and could shift into a “rocket phase” later. Shiba Inu is trading around $0.0000053 after briefly topping $0.0000061. The analyst did not give a price target and said the recent pullback does not invalidate the recovery scenario.

Crypto

Bitcoin nears $80,000 threshold as Treasury buybacks fuel rally

Bitcoin extended a rally toward $80,000 after gains tied to U.S. regulatory moves, a White House crypto summit and plans to expand long-term Treasury buybacks. XRP posted sharp weekly gains and broke a long-term downtrend line, while officials at the summit said an era of enforcement-focused regulation had ended. Market warnings persisted amid heavy short liquidations. In South Korea, Upbit and Bithumb saw surging volumes led by XRP.