As expected, the past week was influenced by both macroeconomic statistics and geopolitical factors. The focus was on inflation data in the United States and Germany, however the main driver for commodity markets continued to be the situation in the Middle East. Against this background the dollar continued to strengthen, while oil and gold remained…
A popular crypto analyst believes Bitcoin’s (BTC) price will plummet in a matter of weeks. In a new market update, Benjamin Cowen tells his 986,000 YouTube subscribers that Bitcoin remains in a bear market and could drop below $60,000 by the end of March based on historical precedence. “Look at the bear market structure. You…
Despite the dual shocks of the “Black Saturday” geopolitical escalation in Iran two weeks ago, combined with a disappointing United States Non-Farm Payrolls (NFP) print showing the loss of 92,000 jobs, the $60,000–$64,000 floor for bitcoin has demonstrated unexpected resilience. Oil prices moving nearly 80 percent higher since then will likely play a role in…
A crypto analyst known for calling the 2022 Bitcoin crash says the BTC market is showing resilience amid global uncertainty. Pseudonymous analyst Capo tells his 909,000 followers on X that key metrics show Bitcoin’s market remains strong as the top crypto asset hovers around $69,000, after reaching a high this week at around $73,000. “Despite…
Binance’s Bitcoin derivatives index has fallen to 0.35, with analysts noting similar readings appeared near past market lows. Bitcoin (BTC), which was trading nearly 300 bucks around the $69,000 level at the time of this writing, has recorded readings from multiple on-chain indicators that often precede major trend changes, including weakening derivative momentum and…
Bitcoin’s holder metric is quietly telling two very different stories right now, and both give different interpretations of what to expect for the leading cryptocurrency’s price outlook. On one side, a wave of short-term holders is rushing to lock in profits at the first sign of a price bounce, flooding exchanges with Bitcoin. On the…
Bitcoin (BTC) held near $70,000 on March 6 after a geopolitical shock tied to tensions around the Strait of Hormuz pushed energy prices higher and triggered risk-off behavior across global markets. Despite the turbulence, blockchain data shows BTC continuing to leave exchanges, suggesting many holders are not preparing to sell. Energy Shock Rattles Markets Analyst…
BlackRock’s Rick Rieder, UBS’s Ulrike Hoffmann-Burchardi, and hedge fund manager Daniel Loeb see a 2026 economy that may keep growing even as the market’s center of gravity shifts. The broad message from their separate appearances at a conference in Miami last week was not that the AI boom is ending. Instead, they said, the easy…
Highlights include US and China inflation, UK GDP, China Trade and CBRT UK GDP Growth MON: Eurogroup Meeting, Chinese Inflation (Feb), Japanese GDP Final (Q4),Japanese Average Cash Earnings (Jan) TUE: EIA STEO, Chinese Trade Balance (Jan-Feb), German Trade Balance (Jan) WED: OPEC MOMR, US CPI (Feb) THU: CBRT Policy Announcement, IEA OMR,US PPI (Feb)…
The gap between how investors feel about gold and Bitcoin has rarely been this wide. Gold’s fear and greed index sat at 72 out of 100 — deep in greed territory — while the top crypto’s equivalent reading hit 18 out of 100, a level classified as extreme fear. For macroeconomist Lyn Alden, that gap…