Category: Cryptocurrency news

A Golden Cross Is on the Horizon for Bitcoin—Here’s What It Means and What Might Happen

Bitcoin ($BTC), with its recent accelerated rise, is approaching the “golden cross” pattern, which is considered one of the key indicators of long-term bullish momentum in technical analysis. Bitcoin’s price surged above $72,000, with gains exceeding 12% in the past week. This rise also pushed $BTC above its 200-day simple moving average (SMA), currently standing […]

Bitcoin price hits $69,500 as over $400M of shorts liquidated because US doubles Treasury debt buybacks to crush long-term yields

Bitcoin and Ethereum surged above $69,500 and $2,000 on Wednesday after the US Treasury doubled planned buybacks of long-dated government debt. On Aug. 19, the Treasury Department said it will raise the maximum size of its liquidity-support operations for 10- to 20-year and 20- to 30-year securities from $2 billion to at least $4 billion […]

Trump wants the US to become a Bitcoin whale, but Congress controls the wallet

President Donald Trump said on Aug. 20 that the US is considering accumulating sizable amounts of Bitcoin and other cryptocurrencies. Current law gives his administration several ways to increase federal crypto holdings, though no public authority gives Treasury a funded program for multibillion-dollar open-market purchases. For Bitcoin, Trump’s 2025 executive order already directs Treasury and […]

Crypto liquidations surge to highest level since 2025’s Black Friday crash

Highest liquidations by crypto categories. Source: Coinalyze The meme coin space, which has a reported market capitalization of about $23.8 billion at the time of publication, also experienced the biggest daily spike in crypto liquidations of roughly 12.25% to 15.1 million.  What’s next for the crypto market? The sharp liquidation of crypto traders during the […]

Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out

Bitcoin $BTC$71,936.32 extended Wednesday’s advance, climbing above $71,000 for the first time since June. The largest cryptocurrency has added 3.5% since midnight UTC and 11% over 24 hours, having broken decisively out of the range that had held it since July 8. The price move was mechanical rather than narrative-driven. $BTC spent six weeks between […]

Bitcoin Rallies Near $70,000 as Record Short Liquidations Trigger a Massive Squeeze

Bitcoin perpetual futures recorded approximately $1.1 billion in short position liquidations within 24 hours. The total liquidation volume in the cryptocurrency market reached $1.92 billion on the same day. The price of the leading cryptocurrency touched an intraday high of $68,982.40 before stabilizing above $68,100. During the day on August 19, the price of Bitcoin […]