Bitcoin price and crypto market news
Weekly MA50 caps bitcoin: key levels at $71,000 and $82,500
Why it matters: Without a return above the weekly MA50, bitcoin's rally remains in question, and the Fed decision and the CLARITY Act vote will set the direction for the week.
CryptoQuant: BTC reserves on Binance at 2024 highs ahead of FOMC
Why it matters: Rising exchange reserves are not necessarily a bearish signal: in 2024, a similar level preceded a BTC rally above $120,000.
Public companies sold $21.63M in BTC last week, Strategy hasn't bought for two weeks
Why it matters: Corporate demand for bitcoin is weakening: Strategy and Metaplanet are not buying, while some companies are locking in positions.
STRAX falls 10.02% in an hour to $0.01132
Why it matters: A break below support at $0.0105 could intensify selling, while a return above $0.012 would restore bullish momentum.
SHIB: exchange outflows up 191.89%, inflows up 354.32%
Why it matters: Mixed flows provide no signal: rising inflows could increase selling pressure and push SHIB back to test support.
Canaan sells all 3,952 ETH and 54 BTC, buys back 13.6M ADS
Why it matters: A major miner is converting its crypto treasury into share buybacks, signaling a priority on shareholder value over accumulating digital assets.
Solana holds near $100 ahead of symmetrical triangle breakout
Why it matters: The triangle's resolution will set SOL's direction, with the Fed's September 16 rate decision adding further volatility.
Zcash retreats from $1,300 to $1,140 amid Fed rate hike expectations
Why it matters: ZEC's direction depends on the Fed's September 16 decision, and a pullback to $850 could prove a dip within an uptrend targeting $2,500.
Wallet moves 3,333 ETH worth $8.4M to OKX and withdraws $5.92M in USDT
Why it matters: Large ETH transfers to exchanges followed by stablecoin withdrawals often signal profit-taking and pressure on the price.
Strategy skips a week of BTC buys, Strive purchases $36M
Why it matters: Corporate demand for bitcoin is shifting from Strategy to smaller public companies, reducing the market's reliance on a single buyer.
Fortune: Robinhood-AMC clash over tokenized shares marks start of blockchain equity era
Why it matters: Tokenizing shares could give global investors cheap access to U.S. equities, but requires legal regulation to protect against fraud.
Bitfinex: bitcoin stuck in 5.5% range for 24 days, seller risk ratio falls to 7 bps
Why it matters: The direction of the breakout from the range depends on Fed signals on September 15-16, real rates and energy prices.
Abraxas Capital holds $980M in shorts on Hyperliquid
Why it matters: The large short position in ETH and BTC signals the fund is betting against the market ahead of the Fed meeting.
Bitcoin rebounds from $76,370 to $77,800, but $79,000 ceiling holds
Why it matters: Bitcoin is locked in a $76,000–82,000 range: a break above $79,000 or a loss of $76,000 will set the direction.
XRP holds above $1.30, awaits break of $1.40–1.45 resistance
Why it matters: Holding $1.30 preserves XRP's bullish structure, but without rising volumes a resistance break is unlikely.
XRP holds $1.30 support, bulls target $1.50 after August rally
Why it matters: Holding $1.30 keeps the chances of a continued rally toward $1.50 alive, while a break of support would open the way down.
Ethereum holds near $2,510 but ADX points to a weak trend
Why it matters: A break above $2,550 would open the way to $2,700–$2,800, while losing $2,429 would cancel the Supertrend bullish signal and send ETH back to $2,350.
ADA trades 93% below its 2021 all-time high
Why it matters: ADA remains deeply below its 2021 peak, underscoring the altcoin's weak recovery amid expectations for the Leios upgrade.
Hedge funds boost bitcoin futures shorts by 1,669 BTC ahead of Fed meeting
Why it matters: Rising shorts ahead of the FOMC may reflect either a bet on a decline or a hedge on spot positions, heightening the risk of a sharp move on the rate decision.
Bitcoin rises as stocks fall on AI concerns and oil spike
Why it matters: Bitcoin is again diverging from tech stocks, which could reinforce the narrative of it as a defensive asset.