A cryptocurrency trader has turned roughly $750 into more than $270,000 in less than two days after an early position in the CZ memecoin surged more than 35,700%. The anonymous wallet, identified as 0xf3498683bead7f8d7f0278d1d39d09fe341fddee, purchased approximately 5.1 million CZ tokens through three transactions totaling $754.49. According to the latest on-chain data retrieved by Finbold from […]
Bitcoin climbed above $63,000 in U.S. morning hours Saturday, up 1.4% over 24 hours and 3.6% on the week, per CoinDesk data, its highest in two weeks and a full reversal of the losses that closed out June. $XRP led the day’s majors, up 5.3% to $1.18 and nearly 10% on the week, a move […]
The controversial Bitcoin soft fork aimed at combating network spam, BIP-110, has failed to garner enough support from miners. As of 4th July, the final day for miners (miner-activated soft fork, MASF) to implement the temporary upgrade, the support was surprisingly negligible. Notably, only 10 blocks out of 2,016 supported the move, or less than […]
After an extended decline, Bitcoin is beginning to stabilize, but macroeconomic factors are still preventing a long-term rebound. CoinShares reports that the rebound was brought on by a June U.S. nonfarm payrolls report that was weaker than anticipated, adding only 57,000 jobs as opposed to 115,000. This was a lot less than the 129,000 gain […]
Chinese crypto analyst Murphy stated that the current recovery in Bitcoin should be considered a “weak rebound,” and that the short-term target range is between $64,000 and $68,000. According to the analyst, the $70,000 level stands out as the ceiling for a short-term rebound within a bear market. According to Murphy’s assessment, the average cost […]
Grayscale Research Head Zach Pandl argued that Bitcoin’s ($BTC) current price levels could be a good, even “exceptional,” entry point for investors under certain conditions. According to Pandl, whether Bitcoin’s current levels are attractive depends on three key variables: the Fed’s interest rate policy, the CLARITY Act regulation for crypto markets in the US, and […]
Bitcoin climbed back above $62,000 once a weak US jobs report cooled bets on a near-term Federal Reserve rate hike, and the spot chart reads as a relief rally. The options desks trading Bitcoin’s futures are pricing something more guarded. The US Bureau of Labor Statistics put June payroll growth at just 57,000, well below […]
On Friday, the 3rd of July, Bitcoin [$BTC] managed to challenge the $63K-level but was unable to surpass it. The bounce from $58.5K at the start of the month appeared set to continue. According to AMBCrypto, overleveraged short positions were caught off-guard by this move. For Bitcoin alone, $143 million in short liquidations have been […]
June delivered the worst month in the history of United States spot Bitcoin ETFs, with more than $4 billion pulled and 2026 flows turning negative for the first time. Over the same 2 weeks, the largest wallets on the network absorbed 270,000 $BTC. One of these cohorts is going to be wrong, and the last […]