Bitcoin price has undergone a monstrous rally in the past few days and broken above $81,000, overcoming the June price crash. Meanwhile, the bears are trying hard to keep the price restricted below $80,000. On the other hand, the market sentiment has begun to fade, suggesting the crowd has not followed with the same level
It appears that September is on track to start with history making a comeback. Three years ago, Bitcoin [$BTC], which belonged to the FTX/Alameda complex, was seized. Today, a small portion of this Bitcoin has changed hands for the second time, thereby re-entering circulation and provoking market frenzies about the future of the broader Bitcoin
In brief U.S. spot Bitcoin ETFs have seen inflows of $2.8 billion across eight consecutive trading sessions. Daily inflows have retreated from a peak of $606 million on August 20 to $232 million on Wednesday. HashKey’s Tim Sun told Decrypt the streak matters more than any single day, though its shrinking size points to weakening
Bitcoin ($BTC) has struggled to flip $80,000 into support in recent days, but bulls’ real challenge is still to come, new research says. Key points: Bitcoin long-term holders add to $BTC price resistance below $86,000, Glassnode reveals. Buyer demand must overcome this area as Bitcoin struggles to advance beyond $80,000. Multiple key trend lines sit
Bitcoin faces a significant resistance wall between $80,000 and $82,000, the largest concentration of supply across any comparable price range. According to Glassnode’s Realized Price Distribution (URPD), nearly 8% of bitcoin’s supply was acquired within this band. The metric shows where the existing supply last moved, assigning each entity’s total balance to its average purchase-price
Missed bitcoin’s $BTC$79,672.47 initial climb to $80,000 and looking for a smart way in? Industry experts favor a defined-risk strategy known as call spreads for the next leg higher. The strategy is popular with traders looking to profit from an expected price rise while capping potential losses. It involves buying the right to purchase $BTC
Mirae Asset Group has set an initial target of building its digital asset business to 150 trillion won ($108 billion) and turning it profitable in 2027, using newly acquired crypto exchange Digital X as a central part of its “Mirae Asset 3.0” strategy. Digital X said Mirae Asset Group Chairman and Global Strategy Officer Park
Salesforce shares jumped about 12% in premarket trading on Thursday after the company raised its annual revenue and profit forecasts and expanded its partnership with Anthropic through a new artificial intelligence integration. The move comes as Salesforce and other software companies have faced heavy pressure from investors concerned that increasingly capable AI models could undermine
Even as Nvidia continues to generate remarkable financial results, Michael Burry is intensifying his doubts about the artificial intelligence trade by adding to multiple short positions. In an August 26 Substack post titled “Nvidia, Friends, and the Rebel Alliance,” the investor well-known for his wager against the U.S. housing market increased his short positions in