Hashdex will close and liquidate its Bitcoin ETF, with trading scheduled to end on August 17. The move appears to mark the first shutdown of a US-listed spot Bitcoin ETF that directly holds BTC.
By John Isige BTC/USD rebounded last week and is now trading near its monthly highs around 65,400.00 as risk appetite improved amid renewed hopes for progress toward a US-Iran agreement and softer expectations for further Federal Reserve tightening.
By John Isige Last week, BTC/USD resumed its decline and is currently testing the lower Bollinger Band at 62500.00, which corresponds to the Murrey [4/8] level.
By John Isige Since the beginning of the month, the BTC/USD pair has been attempting to stage a correction against the long-term downward trend. However, price action was mixed last week as investors remained cautious ahead of the US Federal Reserve meeting and earnings reports from major US technology companies. Today, the pair rose toward 65,625.00 (Murrey level [5/8]) amid signs of easing tensions in the Middle East and renewed demand for risk assets.
By Andrew Bennett Last week, BTC/USD made moderate attempts to advance before consolidating near 64,500.00. Overall, the market remains uncertain amid changing monetary policy expectations.
By Sagar Dua Last week, the BTC/USD pair rose above 64600.00, but today it gave up those gains and declined toward 62500.00 (Murray level [0/8]).
By John Isige Last week, the BTC/USD pair corrected upward and consolidated above the middle line of the Bollinger Bands at 62,500.00 (Murray level [0/8]) amid a reduced likelihood of further tightening in US Federal Reserve monetary policy after June US labour-market data showed signs of cooling. Non-farm payrolls declined from 129.0 thousand, revised down from 172.0 thousand, to 57.0 thousand, nearly half the preliminary estimate of 110.0 thousand. Unemployment fell from 4.3% to 4.2%, although this was largely driven by a decline in the labour-force participation rate. As a result, the US dollar weakened substantially against a broad range of alternative assets, while investor appetite for risk increased.
By John Isige Last week, BTC/USD declined and is currently testing 59,375.00 (Murray level [–1/8]), close to annual lows, under pressure from growing expectations of imminent monetary tightening by the US Federal Reserve, supported by incoming macroeconomic data.
By John Isige Bitcoin is going through one of its most difficult periods since the 2024 halving, repeatedly losing key support levels despite the US stock market maintaining strong momentum on the back of the artificial intelligence boom.
