Bitcoin News
By Sydney TheCMO
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S&P 500 Briefly Hits Record Above 7,793. Equities had their own moment Wednesday. The S&P 500 briefly touched a new record above 7,793…
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Bitcoin Stuck at $64,000, Coinbase Premium Still Negative. Bitcoin didn't move. Not really. It sat at $64,000 and stayed there, even as gold surged and…
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Gold blew past expectations Wednesday. Prices jumped 2.8% to $4,213 per ounce, the highest level since June 22, and the driver was pretty much one thing: China.
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Chinese demand has been relentless. Gold-backed exchange-traded funds in China logged 14 consecutive days of inflows, a streak that's hard to ignore.
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Gold's run is a reminder of how much weight sovereign buying carries. When a central bank of that size keeps stacking, it tends to anchor floor prices and pull retail and…
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Equities had their own moment Wednesday. The S&P 500 briefly touched a new record above 7,793 points before pulling back — classic intraday behavior in a market that can't…
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But the session was choppy. Stocks alternated between gains and losses throughout the day, and the record high came with an asterisk — the pullback afterward kept things from…
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Read also: Jim Cramer Dumps Bitcoin After IBM CEO Warns of 3-Year Quantum Threat Window
9 / 14
Analyst Rekt Capital put it plainly: unless Bitcoin shows stronger rallies from current support levels, it could slide into the $58,000 to $66,000 range.
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CryptoQuant's read on the situation adds more texture. For Bitcoin to actually strengthen from here, three things need to line up: consistent inflows into U.S.
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And then there's the Coinbase Premium. That metric — which tracks the price gap between Coinbase and Binance — has been negative for nearly 80 days straight. That's a long time.
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The bearish sentiment among traders is hard to shake off. $64,000 has become a ceiling more than a floor, and without a catalyst — whether that's ETF inflow data turning sharply…
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See also: Tether Gold Reserves Jump 9.5% as 253,000 Holders Buy the Gold Dip
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Gold's surge and Bitcoin's freeze happening on the same day is an interesting split. One asset is getting central bank love and retail momentum in the world's second-largest…
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