A unusual market phenomenon has captured the interest of crypto traders whereby Bitcoin ( BTC ) declined more than 10 percent in a single day but Ethereum ( ETH ) avoided the same slippage. In line with VanEck analyst Matthew Sigel, this was only the 52nd time since 2020 – or approximately 2.7% of days
Bitcoin’s latest derivatives data by CoinGlass shows an unusual tilt in liquidations, with the past four hours producing a total of $5.62 million in positions that received margin calls. The split is the main thing here, as about $5.28 million in longs were squeezed out compared to just $345,000 in shorts, which works out to
In a dramatic — and slightly odd — pronouncement, US Secretary of Commerce Howard Lutnick declared on national television that “the Department of Commerce is going to start issuing its statistics on the blockchain. He added, “We’re going to put GDP on the blockchain so people can use the blockchain for data, distribution, and then
In the dynamic world of digital assets, a significant development has once again captured the attention of investors and enthusiasts alike. DDC Enterprise, a prominent e-commerce company listed on the New York Stock Exchange, has made a decisive move, announcing an additional DDC Enterprise Bitcoin acquisition. This action underscores a growing trend among publicly traded
The largest company in the world by market cap at $4.4 trilion, Nvidia (NVDA) reports earnings after the U.S. market close on Wednesday. Data from Bitcoindata21 on X shows that Nvidia earnings have historically correlated with a positive Bitcoin’s performance. Over the last 10 earnings reports since early 2023, when the current bull market began,
Bitcoin remained under pressure on Aug. 27, trading at $111,036 with signs of short-term accumulation but broader trend weakness. The leading cryptocurrency’s market capitalization stood at $2.21 trillion, while its 24-hour trading volume reached $39.66 billion, with an intraday range between $109,526 and $112,279. Bitcoin The hourly chart reflects a short-term bullish recovery, with bitcoin
Abu Dhabi-based investment manager Lunate, with $110 billion in assets under management, has partnered with hedge fund giant Brevan Howard, which manages $34 billion, to establish a new investment platform in the Abu Dhabi Global Market (ADGM). The launch begins with a $2 billion long-term commitment from Lunate. It will create a suite of exclusive
Bitcoin’s price has found support at a key level, but is still more likely to drop lower if underlying market dynamics don’t shift quickly. With the momentum also on the side of the sellers, buyers might be on the verge of capitulating. BTC Price: Technical Analysis By Shayan The Daily Chart On the daily chart,
Although they’d hate to admit it, even Michael Saylor’s biggest fans would agree that Jim Chanos’ bearish Strategy (MSTR) trade this year has been exceptionally profitable. Chanos sold shares short and fully hedged that short-sale with a long bitcoin (BTC) position. In other words, rather than betting against MSTR’s overvaluation on an absolute basis, he
Bitcoin’s price is on the rise again. It dropped to $108,600 on Tuesday, but it quickly, but briefly, rebounded above $112,000. Selling pressure briefly increased, causing a spike in exchange inflows. Now, those inflows are falling again. Crypto analyst CryptoOnchain sees the dips stopping and believes a further Bitcoin drop is unlikely, citing CryptoQuant data