Bitcoin’s inability to hold the $60,000 floor is no longer just a technical wobble. On-chain data now shows that a specific cohort of large holders has been actively distributing coins, applying downward pressure that finally pushed the price below that psychological level for the first time in over eight months. According to the on-chain update […]
Late on June 24, the famous investor and best-selling personal finance author Robert Kiyosaki published an X post in which he – as he often does when certain assets are ‘on sale’ – seemingly celebrated Gold’s drop below $4,000. Specifically, the ‘Rich Dad Poor Dad’ writer explained he was monitoring the commodity market closely for […]
As bitcoin $BTC$61,486.75 fell below $59,100 on Wednesday, the number held at a loss rose to a record 10.83 million $BTC, data from Glassnode shows. The largest cryptocurrency has tested the $60,000 level repeatedly since February, briefly falling below it several times. Four months ago, the supply in loss peaked at 9.8 million $BTC. It […]
Ouinex, a multi-asset online exchange, has announced it would be eliminating commissions on all its traditional finance (TradFi) derivatives products. Instead of charging trading fees on top of widened spreads, Ouinex generates revenue solely from a small portion of the spread. Accordingly, the move represents a shift from the common model on crypto-native perpetual futures […]
Amidst the ongoing uncertainty in the cryptocurrency market, a noteworthy assessment came from Jiang Zhuoer, the founder of the China-based Bitcoin mining pool $BTC.top. The experienced industry figure predicted that Bitcoin ($BTC) will bottom out in the fourth quarter of 2025 during the current bear market, potentially falling to between $42,000 and $44,000. Jiang Zhuoer, […]
Jiang Zhuoer, one of China’s best-known Bitcoin miners, said Bitcoin may reach its bear-market bottom between October and December 2026. He placed the possible $BTC bottom price between $42,000 and $44,000, based on a long-term cycle model and Strategy’s falling mNAV. In a post on X, Jiang said Strategy’s mNAV had dropped to 0.72. He […]
Crypto sold off hard this week, with bitcoin breaking below $60,000 even as the technology stocks that had dragged it down came roaring back. Bitcoin fell to about $59,200 late Wednesday before buyers pulled it back to around $60,700 on Thursday, down 2.9% over 24 hours and 5.4% on the week, per CoinDesk data. The […]
Strategy (formerly MicroStrategy) shares slid under the $100 mark during Wednesday trading, breaking a level that had held since March 2024. The stock touched $99.50, down 4.18% intraday, according to market data. For a company whose identity is now entirely tied to its 847,363 Bitcoin stack, the break below triple digits signals more than a […]
At press time, Bitcoin traded around $62,400 after yet another wave of selling pressure on the market. The decline was accompanied by a significant decrease in derivatives exposure for major exchanges. Binance experienced the largest move, with a 7-day Open Interest decline of over $1 billion. However, the comparison between the reported decline and the […]
Bitcoin, the flagship cryptocurrency, has suffered yet another extremely brutal price correction. That said, Bitcoin advocate Samson Mow has made it abundantly clear that he remains unbothered by the recent market sell-off. This is a rare glimpse of optimism amid extremely negative sentiment. “The market is sleeping on this” Mow is confident that Bitcoin’s fundamentals […]