Bitcoin’s price performance remains stagnant as concerns grow over the strength of its $60,000 support level. Despite recent U.S. macroeconomic data, Bitcoin shows little reaction, leaving analysts to question its stability.

Bitcoin is showing promising signs of a potential breakout, with current prices stabilizing above $60,000. Analysts are optimistic, predicting that Bitcoin could reach between $65,000 and $67,000 in the coming weeks. Historical trends and technical indicators such as the Delta Gradient and the Relative Strength Index (RSI) suggest a strong uptrend for July​ (BeInCrypto)​.

The cryptocurrency market has faced a significant downturn, pushing the Crypto Fear & Greed Index to its lowest point since early 2023 when Bitcoin was trading around $17,000. This index, which ranges from 0 (extreme fear) to 100 (extreme greed), dropped to 29 on Friday, indicating deep market fear.

In Germany, MP Joana Cotar criticized the government’s decision to sell its Bitcoin holdings, urging the development of a strategic reserve. Cotar argued that holding Bitcoin could diversify the state’s assets and serve as a hedge against inflation. She emphasized the need for a clear legal framework for Bitcoin, suggesting it could enhance Germany’s technological and financial development.

In a rare and intriguing event, a Bitcoin wallet dating back to 2010 has reactivated after 14 years of dormancy, transferring 50 Bitcoin (BTC), valued at approximately $3 million, to the Binance cryptocurrency exchange.

Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve’s next rate decision.

The bankrupt Tokyo-based bitcoin exchange, Mt. Gox, is preparing to return nearly $9 billion worth of tokens to thousands of users. This payout, over ten years in the making, follows a series of hacks in 2014 that led to the loss of up to 950,000 bitcoins. The distribution, starting in early July, will provide a mix of bitcoin and bitcoin cash to approximately 20,000 creditors. This significant event is causing jitters among investors, as the influx of 141,000 bitcoins, roughly 0.7% of the total supply, could increase selling pressure and impact bitcoin prices.

Bitcoin’s price movements are often influenced by complex metrics and market sentiments, with miner capitulation emerging as a key factor in predicting future price rallies. Willy Woo, a renowned on-chain analyst, has emphasized the potential impact of miner capitulation on Bitcoin’s value.

Bitcoin (BTC) is experiencing a notable bullish trend, with significant factors driving its recent price movements and market sentiment. As of early July 2024, BTC has seen considerable inflows into Bitcoin ETFs, recording $295 million, the highest in 21 days​ (BTCNEWS)​. This influx of capital highlights growing investor confidence and renewed interest in Bitcoin’s potential.

Bitcoin (BTC) saw the liquidation of over $122 million in leveraged long positions as its price fell below $61,000, raising concerns about a potential drop below the crucial $60,000 level.

Billionaire Jack Dorsey envisions a future where Bitcoin could replace the U.S. dollar as the dominant global currency, predicting its value could soar to $1 million by 2030. Dorsey, CEO of Block and cofounder of Twitter, emphasizes Bitcoin’s decentralized nature, advocating for its potential to democratize financial systems and diminish reliance on traditional banking. He believes Bitcoin offers more control and freedom compared to the U.S. dollar and Chinese yuan, which he sees as controlling entities.

The past 48 hours have been tumultuous for Bitcoin, marked by significant ETF inflows and looming concerns over the upcoming Mt. Gox payout. Here's a roundup of the key events and market movements that shaped the Bitcoin landscape.

BTC’s price heading under $66,000 costs Bitcoin bulls several daily moving averages — and few see a snap recovery coming next.

Is billionaire Michael Dell diving into Bitcoin? The cryptocurrency community is buzzing with speculation. Dell, the founder of Dell Technologies, has hinted at a possible interest in Bitcoin through a series of cryptic social media posts.

Bitcoin has experienced a dramatic increase, soaring past $60,000 following an assassination attempt on former U.S. president and 2024 White House hopeful Donald Trump. The incident, which occurred during a rally in Pennsylvania, led to a significant spike in Trump’s odds of victory in the upcoming presidential election, as reflected on the crypto-based Polymarket prediction platform. Trump’s chances of winning in November jumped by 10 points to 70%, correlating with the surge in Bitcoin’s price from lows of $53,000 earlier this month.

Bitcoin Soars as Market Responds to Political Shockwaves and Economic Optimism July 18, 2024 — The past 48 hours have been eventful for Bitcoin, marked by significant price movements and industry developments. Bitcoin (BTC) has been trading around $64,600, showing a slight decline of 0.87% in the past day but maintaining overall strength in the market​ (CoinDesk)​​ (Binance)​.

Bitcoin (BTC) has seen significant gains this year, rising 26.65% year-to-date. As of 8 a.m. ET, one bitcoin is valued at $57,423.61. The cryptocurrency reached its highest intraday price of $73,750.07 on March 14, 2024, marking its all-time high. Over the past year, the lowest intraday price was $24,930.30 on September 11, 2023, showcasing bitcoin’s volatility and growth potential.