Bitcoin has crossed the $79,000 threshold, trading at $79,080.09 on the Binance $USDT market as of the latest data. The move marks another step in the cryptocurrency’s recent upward momentum, though traders remain cautious about potential volatility. Market Context: Bitcoin’s Recent Price Action The latest price increase follows a period of consolidation above the $75,000–$78,000 […]
American investment firm Pantera Capital’s portfolio manager has said “smart money” is helping push bitcoin’s price higher. Cosmo Jiang, portfolio manager at the firm, said in a Friday CNBC interview that the next resistance for the coin’s price could be around $80,000 and that while small pullback was possible, “smart money” was now flooding into […]
It has been suggested that the surge in Bitcoin this week was driven more by intense short liquidations in Binance futures trading than by strong buying in the spot market. According to CryptoQuant analyst BorisD, Binance’s “Short Squeeze” indicator has risen to 6.94, reaching its highest value since November 2024. This data suggests that the […]
As Bitcoin (BTC) price exploded by more than 22% since Monday, fueling the addition of over $450 billion to the cryptocurrency market as of August 21, on-chain data has revealed the next key targets for Bitcoin to consider in the short-term. Bitcoin price rose by over 22% since the beginning of this week, to reach […]
With Bitcoin’s recent strong recovery, predictions that it could surpass $100,000 by the end of the year have also begun to increase. At this point, Standard Chartered assessed that its previously announced year-end 2026 target of $100,000 for Bitcoin may be too low. Jeff Kendrick, the bank’s head of Digital Asset Research, stated that a […]
As Bitcoin (BTC) price pumped by more than 24% over the past seven days, Strategy Inc. (NASDAQ: MSTR), under Executive Chairman Michael Saylor, has seen its holdings record more than $12.9 billion in unrealized profits. On August 21, Strategy held 840,447 Bitcoin, after acquiring 167,947 coins year-to-date (YTD), according to its official data. With BTC […]
Bitcoin has broken above $75,500 after a sharp rally lifted it to its highest level in more than three months. The advance followed larger U.S. Treasury buybacks and renewed inflows into Bitcoin ETFs. Heavy short liquidations added further momentum to the move. Bitcoin’s advance began on August 19, when the U.S. Treasury announced plans to […]
XRP price surged more than 16% on August 21, reclaiming $1.39 thanks to bullish market-wide developments and XRP Ledger (XRPL) upgrade advancements. Specifically, a record wave of short liquidations recorded the day prior added hundreds of billions to the industry’s market cap within just 24 hours, increasing risk appetite. In addition, XRP volume more than […]
Bitcoin and altcoins have experienced a significant surge in recent days. Bitcoin, which was around $63,000 at the beginning of the week, has continued its accelerating rise, climbing above $79,000. $BTC has gained approximately 23% in value since August 19th, with this rise largely attributed to the liquidation of short positions and increased demand in […]
The crypto market witnessed one of the most brutal liquidation events in history on August 20, with $3.5 billion in leveraged positions liquidated in 24 hours. At the height of the move, more than $1 billion in short positions were liquidated in just sixty minutes, with the number eventually reaching $3 billion. For comparison, just […]