Altcoin News by Thebittimes.Com

Bitcoin funding rates are in classic bull market territory, but can BTC price upside sustain as macro volatility triggers line up? Bitcoin (BTC) starts a new week still riding high near $37,000 as macroeconomic data returns to the fore. The largest cryptocurrency continues to circle its highest levels in 18 months, with excitement over a possible exchange-traded fund (ETF) approval in the United States driving sentiment. That is getting increasingly greedy, however, as according to the Crypto Fear & Greed Index, conditions match those seen as BTC price action hit its current all-time highs in late 2021. What could shake up the status quo to produce volatility in the coming days? The odds of an external trigger are more significant this week. A raft of U.S. macro data, including the Consumer Price Index (CPI), has the potential to disrupt any sideways trading activity across risk assets. Multiple officials from the Federal Reserve are also due to speak, while the precarious geopoli...

Bitcoin is fooling no one with its current behavior, with bearish takes everywhere and the yearly close just two days away. Bitcoin (BTC) staged a modest recovery on Dec. 29 as United States stock Markets rebounded in step. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $10,000 BTC price targets stick Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering above $16,600 at the Wall Street open after wicking below the $16,500 for a second day. The pair remained unappealing to traders, many of whom feared a deeper retracement may still occur around the new year. In a list of potential “capitulation targets,” Crypto Tony doubled down on $10,000 and lower for Bitcoin, while also revealing expectations for Ether (ETH) to dip as low as $300. “Things change quick, but if we hit these areas I begin to ladder,” part of accompanying commentary read. Daan Crypto Trades meanwhile put the current spot price at the bottom of an area which “must hold” for BTC bulls...