Cryptocurrency is essentially about decentralized financing, and the liquidity flow in the sector is making a notable shift. As per CryptoQuant insights, there is an ongoing geographic power shift on the global crypto market, a development that could trigger a price rebound, especially for Bitcoin (BTC). Asia-Pacific overtakes U.S. in crypto liquidity growth Notably, after
Bitcoin price traded near $113,000 on Monday after a weekend liquidation that wiped more than $1 billion in leveraged longs, with derivatives and macro gauges now central to the next move. Spot hovers around $112,965 intraday, about 10% below the recent peak, as the market digested last week’s Federal Reserve rate cut and a pick-up
Strategy (MSTR) continued to add to its bitcoin BTC$108,783.53 stash last week, though it was a relatively small purchase. The company Monday said it bought another 850 BTC for $99.7 million, increasing its total holdings to 639,,825 coins. This purchase was made at an average price of $117,344 per bitcoin, lifting the company’s overall average
Bitcoin (BTC), which rose above $117,000 last week with the FED’s interest rate cut decision, started the new week with a decline. With Bitcoin falling to $112,000, these declines suggest that declines could deepen further in September, which has historically been known as the weakest month of the year. At this point, analysis firm Alphractal
Crypto-related company stocks tumbled in pre-market trading on Monday as bitcoin BTC$112,893.81 and several altcoins succumbed to unrelenting sell pressure, spurring $1.6 billion in liquidations across derivatives exchanges. Coinbase (COIN) is down by 3% in pre-market trading while Strategy (MSTR) slid by 2.3%. Mara Holdings (MARA) and Metaplanet (TYO: 3350) also lost more than 3%.
Toyota Motor Corporation will open its Woven City smart city project on Thursday this week. The facility will test blockchain applications including ERC-4337 smart accounts for mobility services, peer-to-peer energy trading, and digital identity systems with residents participating in real-world validation of the technology. Furthermore, this project represents one of the first attempts to deploy
Bitcoin (BTC) and altcoins started the new week with sharp declines. BTC fell to $112,000, while Ethereum (ETH) fell to $4,200. This decline is thought to be due to the waning enthusiasm for the Fed’s interest rate cut and investors’ cautious approach to risky assets in the face of an uncertain macroeconomic environment. While there
A renowned market analyst recently suggested that Bitcoin was on track to hit a new all-time high, as it mirrors gold’s rallies. Notably, this commentary came from Ted Pillows, who noted that gold has been climbing to repeated highs, and Bitcoin is preparing for a similar breakout. Gold’s Ongoing Surge Provides the Blueprint Specifically, the
Bitcoin price is once again under pressure as weakening technicals and on-chain fatigue weigh on the market. The decline comes amid signs of capital rotation into altcoins, adding to pressure on the flagship cryptocurrency. Summary Bitcoin price has again fallen below $113,000, down 2.5% on the day On-chain data shows profitability exhaustion and weakening BTC’s
Crypto inflows climbed toward the $2 billion mark last week, with positive sentiment drawing from the Federal Reserve’s (Fed) decision to cut interest rates. Amid strong crypto inflows, the total AuM hit a YTD high of $40.4 billion, putting the market on track to match or slightly exceed last year’s $48.6 billion positive flows. Fed