Bitcoin News
By Steven Anderson
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KOSPI's Record Jump and the Crypto Link. South Korea's KOSPI index posted a 17.9% gain in a single session — a record-breaking move by any…
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Rate Decisions, Currency Moves, and July's Final Tally. Thursday brought another layer of complexity. Japan and South Korea both intervened in currency…
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The 50-Month EMA Wall Bitcoin Can't Break. Here's the technical problem Bitcoin keeps running into.
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Bitcoin dropped hard. On Bitstamp, prices slid to $62,369 — the lowest point in over two weeks — as US stocks basically went nowhere near the end of July.
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What made it stranger was the backdrop. Asian markets weren't falling. They were ripping higher.
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And crypto felt it. Trading volumes picked up as Asian equities surged, which isn't a coincidence anymore.
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The divergence was stark. US stocks flat. Asian stocks exploding. Bitcoin down 3.5%. Markets don't always move in clean, logical patterns, and late July was a good reminder of…
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Thursday brought another layer of complexity. Japan and South Korea both intervened in currency markets, which stirred things up before Friday's session even opened.
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That alignment probably kept broader panic from setting in. But it didn't save Bitcoin from its Friday slide.
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More context: Bitcoin ETFs Pull $233 Million in One Day While BTC Slides Below $64K
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Still, zoom out a little and the month looks different. Bitcoin ended July with an 8.5% gain. That's its best July performance since 2022.
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Here's the technical problem Bitcoin keeps running into. The 50-month exponential moving average sits at $65,820. It's been a ceiling since mid-June.
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Analyst Rekt Capital flagged the pattern. Per Rekt Capital, Bitcoin's price action is echoing moves from the 2022 bear market — not identical, but close enough to be worth…
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The 50-month EMA isn't just a number on a chart. It's become the focal point for traders trying to figure out whether Bitcoin can sustain any upward push.
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Broader market uncertainties aren't helping. The semiconductor sector's outsized role in the KOSPI rally is a good example of how fast things can shift based on a single…
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