Bitcoin exhibited a similar pattern to its price action between July and September 2020, and bulls are anticipating the same bullish outcome. The total crypto market cap dropped by 2.76% over the past 24 hours to $3.84 trillion, amid a broader market retracement. Specifically, Bitcoin retested $117,000, while major altcoins, including XRP, Solana, and Dogecoin,
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By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin’s (BTC) consolidation continues to take the wind out of the bull run in the broader market that had raised hopes for the so-called alt season marked by prolonged outperformance of alternative cryptocurrencies. Over the past 24 hours, major altcoins have experienced a significant decline, led
Sahara Labs, a popular AI-native L1 blockchain infrastructure entity, has recently launched Data Services Platform (DSP). The purpose of launching the Data Services Platform (DSP) is to bolster the training of cutting-edge AI models. Sahara Labs views this endeavor as a significant step toward democratizing access to AI-driven data finance. The development paves the way
Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM), marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm’s last
Bitcoin is consolidating between $116,000 and $120,000 after a sharp breakout in early July. The market has entered a sideways phase as bulls and bears test control. Traders are closely watching the $116K support for clues on Bitcoin’s next move. According to crypto analyst Kevinn Nguyen, the $116,000 level is now critical. He explains that
Zircuit, a prominent zero-knowledge rollup forum that is compatible with Ethereum Virtual Machine (EVM), has unveiled a new project to benefit users. In this respect, it is launching “Hyperliquid for AI Trading,” to advance on-chain finance with AI-driven, rapid trading capabilities. As Zircuit announced in its recent X thread, with Hyperliquid for AI Trading, it
Exchange-traded funds (ETFs) tracking Bitcoin have slipped again, continuing their losing streak as investor sentiment cools. Summary U.S.-listed Bitcoin ETFs have deepened their losses with another round of outflows. Bitcoin is hovering just below $118K, but analysts say momentum could return. Ethereum ETFs are still thriving, even as the asset’s price cools. U.S.-listed spot Bitcoin
According to on-chain analytics platform CryptoQuant, the current Bitcoin bull cycle is largely driven by institutional investors and individuals with high portfolio values. CryptoQuant: Bitcoin Rise Driven by Institutions, Retail Investors Not Yet Involved Analysts state that individual investors have tended to sell since the beginning of 2023, while institutions have entered a period of
US President Donald Trump has taken the pressure on Fed Chair Jerome Powell, whom he has long criticized, hinted at impeachment, and called for his resignation, a step further. Trump will make a surprise visit to the Fed today. Details of the visit are being kept under wraps, and it’s not yet known whether there