Benjamin Cowen, a well-known analyst in the cryptocurrency market, made striking assessments regarding Bitcoin and general market dynamics in his latest analysis video published on his YouTube channel. Benjamin Cowen stated that Bitcoin is currently trading sideways and with low volume in the $62,000 to $63,000 range. Arguing that interest in the market has significantly
American investors have reversed course, cashing out of spot Bitcoin exchange-traded funds after a hot run at the beginning of August. Data from Farside Investors shows that investors pulled over $385 million from the U.S. funds last week. The week before, the funds had received fresh cash every day, bringing in more than $865 million
Near midday Aug. 17, the Nasdaq Composite was down about 56 points, the Dow Jones Industrial Average had shed roughly 189 points and the S&P 500 was lower by about 23 points. The leading crypto asset bitcoin (BTC), meanwhile, was up roughly 1% to 1.5% over 24 hours, trading around $64,000 by 1:30 p.m. EDT.
Bitcoin edged higher on Tuesday, though analysts cautioned the move remains a corrective bounce within a broader bear market rather than a confirmed trend reversal. A Bounce, Not a Reversal The overall market structure remains bearish, according to chart analysts tracking the token. Tuesday’s advance is being read as a short-term recovery within that larger
NAVI Protocol has launched NAVI Prime, a Sui-based lending framework designed for funds seeking more clarity, transparency, and control over capital management. NAVI Protocol said NAVI Prime was built for funds with more demanding requirements around clarity, transparency, and control. Deployed on the Sui blockchain, the framework provides lending infrastructure for institutions and professional capital.
The Dallas-based public asset manager accumulated the bitcoin (BTC) between Aug. 10 and Aug. 14 at an average cost of roughly $63,231 per coin, including fees and expenses. With bitcoin recently changing hands near $62,895, the company’s entire stash was valued at roughly $1.273 billion. CEO and Chairman Matt Cole disclosed the purchase on Aug.
Bitcoin price pushed above $64,000 on Monday for the first time since 11 August, printing $64,063 at 18:55 UTC against a previous close of $62,832. That is a gain of roughly $1,230, or almost 2 percent on the day. The obvious explanation is sitting right there in the newsflow. Saudi broadcaster Al Arabiya reported on
U.S. stocks tied to the cryptocurrency sector moved higher in Tuesday trading, with shares of Strategy (MSTR), Coinbase (COIN), Circle (CRCL), Bitmine (BMNR), and SharpLink (SBET) all posting gains. The advance comes as Bitcoin and other major digital assets maintained a steady range, providing a tailwind for companies with significant crypto exposure. Market Snapshot: A
It’s not a priority, said Executive Chairman Michael Saylor, but Strategy (MSTR) could buy back its own shares if they become cheap enough. The comments during a Monday Q&A follow a rough stretch for Strategy’s common shareholders. MSTR is down about 38% this year and 73% year-over-year, driven in large part by bitcoin’s $BTC$64,385.25 decline,
The local Bitcoin shortage on trading platforms, recorded since the beginning of the summer, has officially ended. According to new on-chain metrics from analytics platform Santiment, investors returned 84% of the previously withdrawn coins to liquid exchange wallets during the first three weeks of August, coinciding with the asset’s price consolidating tightly and consistently at