The trade that used to set the tempo for the entire crypto market has gone numb. Bitcoin’s price swings have compressed to a cycle low, but the speculative energy has not disappeared. According to the original report from CoinDesk, traders who once depended on Bitcoin’s chaos are now chasing setups where a 5x or 10x […]
In the past month, Bitcoin ($BTC) has been continuously grinding sideways between $62,000 and $66,000, with a press-time price of $ $64,595. Source: TradingView While dull, this consolidation is a testament to market resilience amid substantial selling pressure. It also reflects the positive market sentiment surrounding Goldman Sachs’ prediction of an “unlikely” September Fed Interest […]
Bitcoin is struggling to hold its June range floor after $390 million left US spot $BTC ETFs last week, according to Wintermute’s newest market update. The trading firm says falling rate-hike odds have failed to lift $BTC, while ETF redemptions and miner selling have left the market without a strong source of fresh demand. ETF […]
Anthony Scaramucci believes Bitcoin’s current bear market could be a sign of strength. He has argued that the cryptocurrency has avoided the much deeper drawdowns that were typical for the previous bear market cycles. During his conversation with CNBC’s Andrew Ross Sorkin from the SALT Conference’s Wyoming Blockchain Symposium, the SkyBridge Capital founder said Bitcoin […]
Bitcoin Rebounds Bitcoin briefly tapped $65,000 on Tuesday even as geopolitical tensions in the Middle East entered a critical phase following the expiration of the 60-day memorandum of understanding between the U.S. and Iran. However, before its sudden spike, bitcoin traded above $64,000, having reclaimed that threshold Monday afternoon. Market data show it held above […]
For over two months, bitcoin has struggled below $70,000, hovering around $62,000 to $65,000. Still, experts believe that the broader macro market condition is moving in favor of the apex crypto. Crypto exchange Bitfinex stated in its latest edition of the Bitfinex Alpha report that two of the three conditions that can support a $BTC […]
Bitcoin [$BTC] miners are under increasing financial pressure as restructuring is forcing operators to cut both reserves and mining capacity. Furthermore, Miner Net Positions have quickly changed to negative, and miners are now selling at rates that were last seen during the 2022 market lows. Source: X This returns previously held $BTC to circulation, adding […]
As 牛来 (Niu Lai) 牛来, a memecoin named after a viral Chinese movie of the same name, rewarded initial-stage risk-takers with more than 5,000% over the past week, an early crypto investor missed out on a life-changing trade. On August 13, crypto trader (0xb0d0…484d9) bought 37.96 million $牛来 tokens for just $148, according to on-chain […]
In an investor Q&A session moderated by Natalie Brunell, Strategy Founder Michael Saylor and CEO Phong Le made important statements about the company’s balance sheet strategy, stock dynamics, and Bitcoin’s place in the global financial ecosystem. Saylor described Bitcoin as the main “capital” in the digital world, stating that the company is building its future […]
Bitcoin’s price surpassing the $65,000 level triggered liquidations in highly leveraged short positions. According to on-chain data, a large whale holding approximately $117 million worth of Bitcoin short positions had $23.36 million of those positions forced to close during the surge. It was reported that the whale in question continues to hold a short position […]