Bitcoin has once again failed to break decisively above the $82,000 resistance zone. The cryptocurrency retreated after briefly approaching the level as traders assess whether its recent recovery can extend further. Despite the bulls’ inability to overcome stubborn resistance, veteran trader Peter Brandt has disclosed that he remains long on the bellwether cryptocurrency. In a […]
Ripple is set to unlock 1 billion XRP next week, on Tuesday, September 1, as part of its long-running escrow program on the XRP Ledger (XRPL). The upcoming unlock has put renewed attention on the token’s supply dynamics, as XRP has finally managed to break through following months of weakness, trading at $1.43 at press […]
Bitcoin has surged above $80,000 in recent days. While some analysts argue this rise signals an early bull run, the latest assessment comes from Grayscale Research Head Zach Pandl. Zach Pandl, discussing the correlation between Bitcoin and gold, noted a remarkable shift in Bitcoin’s behavior in the markets. At this point, Pandl noted that Bitcoin’s […]
As Dogecoin (DOGE) price confirmed a renewed uptrend after rallying over 33% last week, Ali Martinez, a popular crypto market analyst, believes this dog-themed memecoin could rally more than 30% amid its bullish flag formation. Martinez stated that Dogecoin price could rally towards $0.115, if it breaks above its bullish flag, a technical chart pattern […]
Today, global markets and cryptocurrencies are focused on Federal Reserve Chairman Kevin Warsh’s speech in Jackson Hole. His statements are of great interest to both $BTC and altcoins. A hawkish Warsh could put downward pressure on Bitcoin and cryptocurrencies, while a more dovish Warsh could push the market higher. At this point, Bitcoin was just […]
There has been a notable increase in discussions surrounding a possible Anthropic initial public offering (IPO) in late August, with September often mentioned as the month when the artificial intelligence (AI) giant will hit the stock market. Cryptocurrency traders on the prediction platform Polymarket, however, appear to believe that the firm will not go public […]
Bitcoin’s recent strong rise is attributed more to the liquidation of short positions in the futures market than to new capital inflows. Cryptocurrency trading firm QCP Capital warned that the Bitcoin rally could lose momentum if the buying pressure resulting from the closing of short positions decreases. According to QCP Capital’s analysis, despite the rise […]
Bitcoin ($BTC) briefly broke past the $81,000 mark on August 25, but immediately ran into heavy technical resistance, causing the price to hover indecisively around $80K. Several factors now make this level significant, especially for those seeking an additional buy opportunity before the coin surges to $100,000. Bitcoin and the $80K inflection point Once again, […]
Federal Reserve Chair Kevin Warsh delivers his first Jackson Hole keynote on Friday at 10 a.m. ET. It is his first major set-piece speech since taking office in May, and one that has generated plenty of anticipation in the crypto community. “At 10:00 AM ET, Kevin Warsh gives his first-ever Jackson Hole speech. Huge volatility […]
Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as $BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing the 95th percentile […]