In the cryptocurrency markets, Bitcoin’s ($BTC) recent surge from around $63,500 to over $80,000 is said to have been supported by strong spot demand rather than leveraged trading. According to an assessment published by QCP Capital, Bitcoin’s current market structure appears healthier than previous speculative rallies. The company states that approximately $2.8 billion in net […]
BlackRock attracted more than $1.5 billion into its Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) over the five trading sessions ending August 28. The asset manager’s iShares Bitcoin Trust (IBIT) recorded net inflows of $938.3 million during the period, while its Ethereum funds, ETHA and ETHB, drew a combined $644.3 million. Together, the products […]
Prediction markets are signaling that XRP will likely trade between $1.30 and $1.50 on September 1, with traders assigning the highest probability to the cryptocurrency closing in the $1.30 to $1.40 range. According to data from decentralized prediction platform Polymarket, the most likely outcome for XRP on September 1 carries a 45% probability that the […]
Bitcoin price is consolidating after its latest breakout, but the underlying market structure is showing a more important signal: larger holders are accumulating while smaller wallets are distributing into strength. $BTC recently climbed from $62,229 on August 1 to $81,500, before retreating toward $77,570. Now, the $73,880 MVRV pricing band has emerged as the key […]
Bitcoin traded near $77,500 on Aug. 29 after US spot Bitcoin ETFs snapped a nine-session inflow streak, while weakening capital flows and short-term technical signals kept the $76,500–$77,000 support zone in focus. Bitcoin price holds above $77,000 support According to data from crypto.news, Bitcoin ($BTC) was trading around $77,500 at the time of writing, down […]
Bitcoin price dropped by 3% to $77K following Fed Chair Kevin Warsh’s hawkish speech during the Jackson Hole event. In his speech, Warsh signalled that the Fed was far from done with fighting inflation, despite recent macro readings. We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed. […]
Global ETF Demand Could Shape Bitcoin’s Cycle Peak The peak of bitcoin’s current bull cycle could be driven by institutional capital and exchange-traded funds (ETFs) outside the United States, according to Ki Young Ju, founder and CEO of Cryptoquant, a cryptocurrency market analytics platform. He presented the forecast in an Aug. 27 post on X, […]
Japan-based Bitcoin treasury firm Metaplanet has made a surprising Bitcoin move as it appears to be offloading its tokens following the broader crypto market slowdown. Although Metaplanet is renowned for its steady Bitcoin purchases, the latest Bitcoin move from the firm did not go unnoticed as it appears to be a bearish move from the […]