Bitcoin (BTC) is holding firm near its critical support at $62.5K after a volatile but positive Sunday. Notably, BTC has posted seven consecutive green daily candles, a streak not seen since February of this year\u2014right before its remarkable 50% rally from $48K to $72K. This pattern suggests a strong potential for another bullish run, especially in light of recent Fed rate cuts, which may inject renewed optimism into the market.<\/p>\n\n\n\n
Meanwhile, Bitcoin dominance recently touched 58.6%, its highest level since March 2021. However, this could indicate a nearing peak for this cycle as the ETH\/BTC pair\u2014the leading altcoin benchmark\u2014has bounced off a 40-month low, signaling possible strength returning to altcoins.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) is holding firm near its critical support at $62.5K after a volatile but positive Sunday. Notably, BTC has posted seven consecutive green daily candles, a streak not seen since February of this year\u2014right before its remarkable 50% rally from $48K to $72K. This pattern suggests a strong potential for another bullish run, especially […]<\/p>\n","protected":false},"author":93,"featured_media":40395,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-42212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=42212"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42212\/revisions"}],"predecessor-version":[{"id":42215,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42212\/revisions\/42215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40395"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=42212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=42212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=42212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}