Bitcoin is holding its daily S/R flip and the 50/100 EMA zone, keeping the broader recovery setup alive. However, $BTC still faces short-term pressure below $78,600, making that level the key breakout point before any move toward $82,750. Bitcoin Price Holds S/R Flip as Bullish EMA Cross Nears Bitcoin is holding a clean support and
Crypto infrastructure startup Cycles has raised $6.4 million in seed funding to build a private clearing network aimed at reducing liquidity usage and counterparty risk across digital asset markets. Cycles, a crypto financial infrastructure company focused on private market clearing, has completed a $6.4 million seed round led by Blockchange Ventures, with participation from Coinbase
Bitcoin ($BTC) extends its recovery, trading above $77,500 on Thursday amid optimism over a potential US-Iran peace deal that is supporting the market’s risk-on sentiment. Despite this rebound, spot Exchange Traded Funds (ETFs) continue to record steady outflows, and on-chain data highlights cautious signs, with net demand for the Crypto King contracting. US-Iran peace hopes
The leading cryptocurrency, Bitcoin ($BTC), has entered a downward trend again after reaching a local multi-month high of over $82,000 last week. Market analysts say Bitcoin has lost momentum after being rejected from $82,000 and experiencing an 8% drop, and that bulls need to defend critical support levels for an uptrend to occur. At this
Variational, a peer-to-peer onchain derivatives trading protocol, said it raised $50 million in a round led by global investment fund Dragonfy with participation from companies including Bain Capital Crypto and Coinbase Ventures. The money will be used to expand the Cayman Islands-based company’s derivatives trading services, it said in a statement released Thursday. The raise
Blockchain.com said it confidentially filed paperwork with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). The number of shares to be offered and the proposed price range have not yet been determined, according to an announcement on Thursday. A confidential filing allows companies to begin the SEC review process
Bitcoin’s long-term holder (LTH) supply is approaching all-time highs. Currently, 16.3 million $BTC is held by this cohort, defined as investors who have held bitcoin for at least 155 days. LTH supply has increased from 14.12 million $BTC around the time of bitcoin’s record high above $126,000 in October, to the current 16.3 million $BTC.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2062.9, down 0.5% (-9.64) since 4 p.m. ET on Wednesday. Five of the 20 assets are trading higher. Leaders: NEAR (+4.1%) and TAO (+1.6%). Laggards: ICP (-1.6%) and HBAR
Tokenized money market funds still make up only around 5% of the stablecoin universe despite their ability to generate yield, Wall Street bank JPMorgan said in a Wednesday report. The bank said crypto market participants continue to favor stablecoins because they have become the ecosystem’s default cash instrument for trading, collateral management, settlement, cross-border payments
After dropping to a low of $76k, Bitcoin rebounded to $78,180 before slightly retracing. At press time, $BTC traded at $77,886, up 0.96% daily. With $BTC attempting recovery, major traders appeared to increase their long exposure. Why are whales turning bullish again? Lookonchain reported that whale Garrett Jin returned to the market and opened a