Bitcoin Price Teeters Near $80K as Momentum Starts to Crack
WorldPing
Bitcoin is trading above $79,700 per coin on Saturday, Sept. 5, as bulls and bears duke it out following a rejection from $82,281, putting the $78,500-$80,000 zone front and center in this week’s volatile market environment. Bitcoin’s price has logged a 0.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
U.S. bitcoin exchange-traded funds (ETFs) closed Friday with $174.60 million in net inflows, even as bitcoin’s price slipped back below $80,000. Ether and HYPE funds also attracted capital, while solana ETFs posted outflows.
Brief by WorldPing · Original reporting by Bitcoin.com
Bitfinex analysts explained that this indicator, based on bitcoin price volatility, has had a positive week for the first time in months since the downtrend started, confirming that the bull move has developed into a larger, more stable trend.
Brief by WorldPing · Original reporting by Bitcoin.com
As the almost 18-year-old bitcoin market is notorious for recycling the same claims that haven’t come true yet, once again, there’s not much difference in the “this time is different” claims, as the observed change simply fits the long-term pattern.
Brief by WorldPing · Original reporting by Bitcoin.com