Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally
Bitcoin price on Aug. 27 (CoinDesk)
Market Wrap
Bitcoin Surges to Nearly $64K, Adding to Gains as RFK Jr. Endorses Trump
The independent candidate is suspending his campaign for president and removing his name from the ballot in ten “battleground” states.
Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy
While the crypto rally was broad-based with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday’s crash, one observer noted.
Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash
Bitcoin’s 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there’s been multiple occasions of similar drawdowns during previous bull markets.
Bitcoin Plunges More Than 10% Since Hitting $70K 72 Hours Ago
The bullish news continued on Thursday morning, but sellers remained in control of the market.
Bitcoin Tumbles Below $65K Post-FOMC as Middle East Tensions Flare
The price action happened as Iran’s leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.
Bitcoin Pulls Back Sharply After Touching $70K
In what has been a familiar pattern over the past months, a rally to a key number was met with a wave selling.
BTC Outperforms Broader Crypto Market, Ether Price Drop Mirrors Bitcoin ETF Launch
AAVE is surging following a token buyback proposal.
Bitcoin Holds Up as Tech Stocks Plunge, Ether Sinks a Day After ETF Launch
Solana’s SOL and Ripple’s XRP were notable outperformers.
Bitcoin Slips to Near $65K as Mt. Gox Creditors Receive Assets on Kraken
The imminent distribution of nearly $9 billion worth of bitcoin and bitcoin cash to Mt. Gox creditors have been a major overhang on crypto markets, with investors concerned about how much of those assets will be sold.