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Bitcoin Below $60K in a ‘Funding Reset’ Move, Tests Key Support

Bitcoin fell below $60,000 during mid-European hours early Tuesday, extending early weakness and testing the 50-day moving average (MA) for the first time since Oct. 1. Analysts said a pullback was expected and has normalized the elevated funding rates, or costs associated with holding long positions, in the perpetual futures market. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin’s Bull Flag Breakout Suggests More Upside

Bitcoin's price bounced to $66,000 Monday, partially erasing the losses from last Wednesday. Technical charts signal an impending boost from a bullish continuation pattern. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin and Stock Markets Demonstrate Stronger Positive Price Correlation Amid Inflation Fear

The closing price of the U.S. stock indexes, alongside bitcoin and ether over seven days, reveals the bearish reaction to rising inflation. The 90-day correlation between bitcoin and the S&P 500 has increased from around zero in June to about 0.3% now, representing a slightly positive price relationship. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Rallies to New Record High After CPI Release

New data on bitcoin's hourly price chart shows a rally to new record highs in the wake of a hotter-than-expected October reading in the U.S. consumer price index (CPI). The report showed the cost of living in the U.S. rose 6.2% in October from a year earlier, the fastest since 1990. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Price Action After Retaking All-Time High

Bitcoin is giving up some gains after reaching an all-time high near $68,500 Monday. Pantera Capital noted the last time bitcoin retook its all-time high, it went 3.2x above that. The average increase of the past three instances is 8.8x over a 166-day period. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Illiquid Supply at All-Time High

Bitcoin's illiquid supply is at an all-time high, with BTC holders hoarding over 14.5 million bitcoins. On-chain data shows bullish signs for bitcoin in the medium term. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Dominance Weakens as Altcoins Rally

Bitcoin, the world's largest cryptocurrency by market value, was little changed between $60,000 and $63,000 Friday before the release of the U.S. jobs report. The price also changed slightly over the week, while altcoins and gaming tokens have seen significant gains. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Whale Holdings Reach 2021 High Amid Inflation Fears

Bitcoin whales, or large investors with ample capital supply, appear to be buying again as fears of inflation lurching out of control strengthen the case for investing in store of value assets. Large investors holding at least 1,000 BTC snapped up 142,000 coins last week, taking the cumulative tally to nearly 200,000 BTC, the highest in 2021. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Outflows Aren't the Bullish Signal You Think They Are

As billions of dollars worth of bitcoin flow out of exchanges, the price of bitcoin is shooting up. Still, conventional wisdom suggests when considerable amounts of bitcoin exit exchanges, the hodlers are storing away coins in their cold-storage hoards, presumably forever. So who is hoarding bitcoin? "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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Bitcoin Dips Below $59K as Leverage Ratio, SHIB Rally Signal Excess Speculation

Bitcoin is trending down amid signs of excess leverage and greed in the market. CoinDesk 20 data shows BTC is down 12% from last week's record high of $66,975. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

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