After briefly breaching $97,000, Bitcoin has slipped to around $94,000, retreating from the $98,000 resistance zone as traders brace for potential volatility tied to upcoming macroeconomic announcements.
Analysts link the pullback to rising uncertainty in the broader economy and anticipation surrounding the U.S. Federal Reserve’s next interest rate move, set to be announced on May 7. Though markets widely expect the Fed to hold rates steady, investors are watching closely for signals about the path of future monetary policy.
Despite the recent dip, on-chain data shows continued demand—Bitcoin ETFs brought in $1.81 billion in net inflows last week, highlighting persistent institutional interest even amid price fluctuations.
Technical observers are now focused on two crucial support levels. FxPro’s Alex Kuptsikevich told CoinDesk that $92,500 and $89,000 could serve as near-term floors if the decline continues.
He also warned that falling below the $90,000 threshold could trigger more significant technical damage, including a drop under the 200-day moving average.
For now, Bitcoin remains caught between bullish inflows and a cautious macro outlook, with the next moves likely to be shaped by the Fed’s tone and Jerome Powell’s post-meeting remarks.
A breakthrough from Google’s quantum division is reshaping assumptions about the future of cybersecurity—and may bring the cryptographic foundations of Bitcoin closer to vulnerability than previously believed.
Bitcoin (BTC) has delivered gains of 17% in the past month and currently stands at $109,736 as the top crypto has retreated a bit from its fresh all-time high. Trading volumes have gone up by 20.3% in the past 24 hours after the token neared the $111,000 threshold once again as selling pressure at these […]
A severe disruption in Japan’s government bond market is setting off alarm bells far beyond Tokyo, with analysts warning the fallout could spread across global financial systems—crypto markets included.
French-listed tech firm Blockchain Group is ramping up its Bitcoin holdings through a €63.3 million ($72 million) convertible bond offering, marking its latest move to position itself as a Bitcoin-heavy holding company.