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Bitcoin (BTC) has touched a one-month low as significant outflows from digital-asset investment products and concerns over prolonged high US borrowing costs impacted the cryptocurrency market. The largest digital asset dropped by as much as 2.7% on June 18, reaching a level last seen in mid-May, before recovering slightly to trade at $65,266. This decline saw Bitcoin drop to a crucial support level of the 50-day moving average, indicating a short-term downtrend in the crypto market . Bitcoin drops below its 50-day moving average. Source: Bloomberg In the second quarter, traditional asset classes like stocks and bonds have delivered better returns than Bitcoin, which has dropped about 5%. According to Bloomberg , global equities, fixed income, and commodities have all outperformed Bitcoin, highlighting a potential slowdown in the cryptocurrency market . Picks for you ...

Eth price is at risk of trading below a key price support and multiple data point point to a bearish outlook for the altcoin’s price. Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven -month low at $1,520. Although there was a slight rebound to $1,550 on Oct. 13, it appears that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics. Some may argue that this movement reflects a broader disinterest in cryptocurrencies, evident in the fact that Google searches for "Ethereum" have reached their lowest point in 3 years. However, Ethereum has underperformed the overall altcoin market capitalization by 15% since July. Ethereum” keyword search, globally. Source: Google Trends Interestingly, this price movement coincided with Ethereum's average 7-day transaction fees declining to $1.80, the lowest level in the past 12 months. To put this in perspective, just two months ago, these fees stood at over $4.70,...

Bitcoin surged to a fresh two -month high on Jan. 14, as crypto markets were significantly higher on Saturday. The world’s largest cryptocurrency jumped above $21,000, as prices rallied for a sixth straight day. Ethereum traded above $1,500 to start the weekend, also hitting its strongest point since November. Bitcoin Bitcoin (BTC) rose for a sixth straight session to start the weekend, as prices moved above the $21,000 level. BTC/USD climbed to a peak of $21,054.38 earlier in today’s session, which comes after prices were at a bottom of $18,793.66 on Friday. This spike in price saw bitcoin add as much as 10% to its value in the last 24 hours, hitting its strongest point since November 5 in the process. BTC/USD – Daily Chart Looking at the chart, the rally came as the 14-day relative strength index (RSI) continued to surge. It is now tracking at 89.22. Typically, a reading of 70.00 is seen as overbought, and with this print, which is its highest point in two...