Bitcoin briefly rose above $82,000 on September 4 but then dropped 2.1% to around $79,560 after stronger-than-expected US employment data raised Treasury yields and the likelihood of a Fed rate hike. This weakened demand for risk assets like Bitcoin, pushing it below key support levels near $78,800–$79,300. Analysts say holding above this zone is critical to maintain bullish momentum, with potential rebounds targeting $80,200 and $81,800. A break below $78,125 could lead to further declines toward $75,000 or lower. The market remains cautious amid higher yields and geopolitical tensions, impacting broader equity and crypto markets.
More News (BTC)
Bitcoin tests crucial $78,000 support after dropping nearly 4% from $82,281 peak
Bitcoin fell nearly 4% from its recent high of $82,281 to around $79,000, testing a key support level at $78,000. This support will determine if the recent bullish breakout holds or if prices could drop further toward $74,081. The prior rise was part…
Market News
Neutral
4 hours ago
Bitcoin drops below $78,700 wiping out $295M in long positions after strong US jobs data.
Bitcoin surged past $82,000 before sharply falling below $78,700, erasing nearly all gains after strong US employment data reduced expectations for a Federal Reserve rate cut. This sudden reversal triggered over $295 million in long position liquidat…
Market News
Bearish
5 hours ago
Bitcoin-gold correlation hits 6-year high as Bitcoin nears $85K amid investor flight to safe assets.
Bitcoin’s price rose nearly 1% to around $79,262 on September 4, extending a one-month rally of about 23%. Simultaneously, gold prices climbed sharply, pushing their correlation to the highest level in six years. This trend reflects growing investor …
Market News
Bullish
5 hours ago
Cryptocurrency prices mostly decline with some tokens showing gains amid mixed market movements.
The cryptocurrency market shows a general downward trend with major coins like Bitcoin and Ethereum dropping by around 1.4% and 1.5% respectively. However, some tokens such as ZEC and LIT have seen notable gains of 7.76% and 16.20%. This mixed perfor…
Market News
Bullish
6 hours ago
Cryptocurrency prices mostly decline with Bitcoin near $79,224 and notable gains in ZEC and LIT.
Cryptocurrency markets show mixed movements as Bitcoin trades near $79,224, down 1.86%, and Ethereum falls 1.59% to $2,450.47. While many coins like XRP, SOL, and DOGE experience declines, some assets such as ZEC and LIT see significant gains of 7.76…
Market News
Bearish
7 hours ago
