Tag: 116K

Bitcoin Slips Below $116K as Metaplanet Buys 775 BTC: Buying Opportunity Ahead?

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Bitcoin (BTC) slipped below $116,000 in Monday’s trading, marking a sharp reversal from last week’s record high above $124,000. The decline follows renewed inflation concerns in the U.S. and uncertainty around Federal Reserve policy, which has dampened risk appetite across global markets. Related Reading At the time of writing, BTC hovers near $115,300, maintaining a fragile grip on support around $115,000. Analysts warn that a breakdown could push prices toward $112,500, but holding this level may pave the way for a recovery toward $120,000 and beyond. Short-term holder data suggests…

DOGE Sellers in Control as Monero Attacker Votes to Target the Memecoin; BTC Below $116K

Dogecoin nursed losses on Monday as the community behind Qubic, which recently attacked Monero, voted to target the Dogecoin network over Zcash and Kaspa by a big margin. At the time of writing, DOGE traded at over 22 cents, representing a 4% decline on a 24-hour basis, according to CryptoX data. The cryptocurrency chalked out a bullish golden crossover last week, but the bullish pattern failed to inspire bullish momentum. Early Monday, the AI-focused blockchain project Qubic announced the community’s intention to target Dogecoin on X, stating, “There are ongoing…

Bitcoin Tumbles Below $116K as Jerome Powell Delivers Hawkish Remarks

Did U.S. Federal Reserve Chairman Jerome Powell just threaten to hike rates? At his post-meeting press conference following the Fed’s Wednesday decision to hold interest rates steady, Powell continued to insist that the president’s tariff policy risks igniting inflation. “Increased tariffs are pushing up prices,” said Powell. “Near-term measures of inflation expectations have moved up.” “You could say,” Powell continued, “the Fed is looking through inflation by not hiking [rates].” Markets didn’t take kindly to the remarks, with the price of bitcoin (BTC)…

Analysts say Bitcoin could hit new ATH $116k this July

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After analyzing BTC’s historical pattern, Matrixport analysts predict that the largest cryptocurrency by market cap could reach as high as $116,000 in the next few weeks. In a recent report, Matrixport analysts state that the month of July has always “historically favored Bitcoin,” as patterns of strong gains for BTC (BTC) have been consistently shown every year during the same period. Due to this strong pattern, analysts predict that it may be able to reach a new all-time high at $116,000. “If historical seasonality holds, Bitcoin could be poised for…

BTC price to $116K next? Bitcoin trader sees ‘early week’ all-time high

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Key points: Bitcoin is convincing traders that an upside breakout is around the corner, with all-time highs in sight. One target demands $116,000 next week, moving BTC/USD firmly out of its narrow range. A quick dip before continuing higher is among the options for BTC price action into the new week. Bitcoin (BTC) reduced volatility to a minimum into the May 18 weekly close as traders bet on a fresh breakout. BTC/USD 4-hour chart. Source: Cointelegraph/TradingView BTC price brews classic breakout signal Data from Cointelegraph Markets Pro and TradingView showed…