Charles Lloyd Bovaird II

Bitcoin’s fundamentals are suffering from “extremely bearish conditions,” according to the Bull Score Index, a measure of onchain activity produced by CryptoQuant.

Bitcoin prices fell on Thursday, February 12, suffering losses as a popular gauge of crypto sentiment flirted with all-time lows.

The Ethereum network is currently “stuck in between narratives" at a time when ether prices have been trading range-bound, according to analyst Callan Sarre.

Bitcoin prices climbed significantly in early July, rising from approximately $58,250 on July 1 to nearly $64,000 by July 6. This surge is largely attributed to shifting expectations for Federal Reserve monetary policy. A weaker-than-expected U.S. jobs report, showing only 57,000 new jobs, intensified speculation that the Fed, under new Chair Kevin Warsh, will pursue more aggressive rate cuts. One analyst claimed that Bitcoin is currently trading like a "pure rates asset," benefiting from expectations that the Fed will cut rates.

Bitcoin prices rallied on Friday, July 10, approaching $65,000 as a range of factors contributed to the digital currency’s upward movement.

Bitcoin prices took a tumble on Monday, July 13, falling as global markets responded to the latest geopolitical tensions involving the Straight of Hormuz.

Bitcoin prices fluctuated close to $65,000 on Wednesday, July 22, as analysts pointed out key technical levels that traders should monitor.

Solana prices fell on Friday, July 24, pushing lower as the broader crypto markets suffered declines amid a souring in risk sentiment.

Bitcoin prices climbed on Monday, August 3, even as headlines were dominated by a hack that resulted in the loss of over $100 million’ worth of the digital currency.

Bitcoin traders focused in on macro factors when describing their outlook of where the digital currency will go next as it traded within a relatively narrow range.