As the rise in Bitcoin price continues, lingering leveraged positions in the market have brought potential liquidation zones back into focus. According to Alphractal CEO and market analyst Joao Wedson, an examination of open positions over the past 30 days highlights levels particularly high at $61,000 and $57,000. Wedson noted that numerous positions were opened […]
Record Short Liquidations Reshape Bitcoin Outlook Bitcoin’s sharp recovery has raised the possibility that Geoffrey Kendrick’s $100,000 year-end forecast may prove too conservative, the Standard Chartered analyst wrote in research provided directly on Aug. 21. Kendrick is global head of digital assets research at Standard Chartered Bank. He said rising prices had forced traders to […]
The launch comes from Layertwo Labs, founded and led by longtime Bitcoin developer Paul Sztorc, also known as Truthcoin. The play is not to rewrite Bitcoin itself. Instead, ECX will become a separate network that copies Bitcoin’s transaction ledger at designated snapshots and hands most bitcoin holders an equal number of coins on the new […]
Grayscale Sees Potential Bitcoin Turning Point Bitcoin’s rapid recovery may signal that its latest bear market has reached a turning point, crypto asset manager Grayscale shared in an Aug. 22 post on X. The post included a chart comparing bitcoin’s current decline with four previous market cycles. The assessment followed a roughly $10,000 weekly bitcoin […]
Hazync’s developer reports that a 1.7 MB standalone verifier checked a 226,434-byte cryptographic receipt covering the first 1,789 blocks of Bitcoin in 27 milliseconds. The Aug. 15 disclosure limits that result to an early stretch of Bitcoin’s history. A complete genesis-to-tip proof campaign remains unfinished. Hazync is a research prototype that uses RISC Zero’s zero-knowledge […]
Cathie Wood, CEO of ARK Invest, has once again voiced a long-term bullish outlook for Bitcoin, suggesting that the cryptocurrency could reach $1.5 million in a bull-case scenario. Wood made the remarks during a recent appearance on the podcast ‘Moonshots,’ where she discussed Bitcoin’s maturation as an institutional asset class and its potential for significant […]
In brief In an interview with Decrypt, Bitcoin Red Team member Calle said Chinese AI models are used far more than U.S. models for security research because American models often block cybersecurity-related requests. The group has proactively scanned much of Bitcoin’s significant open-source ecosystem and works directly with projects to identify and fix vulnerabilities. Calle […]
The Treasury Trigger Bitcoin had spent six weeks pinned between $60,000 and $65,000 before this week’s breakout. The move began after the US Department of the Treasury said it would at least double the size of its liquidity-support buyback operations for longer-dated coupon securities, raising the maximum from $2 billion to $4 billion per operation. […]
Bitcoin’s recent recovery from its June lows has caught the attention of analysts, with Galaxy Research suggesting that reclaiming a key technical level could confirm that the current market downturn has already bottomed out. In a report released this week, the firm highlighted the significance of the 50-week moving average (MA) as a robust indicator […]
Bitcoin’s (BTC) daily Relative Strength Index (RSI) has climbed above 80, marking its most overbought reading since November 2024. The move follows a ferocious multi-day rally that lifted the cryptocurrency from the low $60,000s to nearly $80,000, with the latest RSI reading signaling that a short-term pullback may be possible. The rapid ascent began on […]