Bitcoin trades at $62,726 on August 3, down 1.22%, pressing against the $62,000 horizontal support as spot ETFs post their first negative week in a month and a hardware wallet exploit pulls sentiment lower. Price remains below all four EMAs on the daily chart, with RSI sliding under 50 to 44.32, keeping momentum firmly on
After enjoying a substantial recovery through most of July, Bitcoin ($BTC) began reversing later in the month, and Finbold’s artificial intelligence (AI) predictive machine learning algorithm estimates that the latest downtrend will persist by August 31. Specifically, after analyzing the cryptocurrency using a variety of technical tools, including moving averages (MA), the relative strength index
Nasdaq-listed crypto treasury company ZeroStack warned that substantial doubt exists about its ability to continue operating over the next year, reversing its assessment from three months earlier. In a Form 10-Q filed with the US Securities and Exchange Commission (SEC) on Friday, ZeroStack reported $2.6 million in cash, negative working capital of $600,000 and an
Once a goldmine for carry traders, bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting bitcoin BTC$62,729.30 futures while simultaneously buying a spot exchange-traded fund (ETF). Now they return
Craig Wright, an Australian computer scientist who has long claimed to be Bitcoin’s pseudonymous creator Satoshi Nakamoto, has once again publicly criticized Bitcoin’s governance model and its developer-led structure. In recent remarks reported by BeInCrypto, Wright argued that Bitcoin’s base protocol should remain permanently fixed and that allowing a small group of developers to modify
The crypto market has stayed under pressure as capital steadily drains out of the space, and total market capitalization for digital assets now hovers near $2.17 trillion while valuations struggle to find a floor. Fragile economic conditions and the prospect of fresh action from the Federal Reserve remain a key threat to the outlook, and
Bitcoin is pulling back after a strong July, and one analyst says the current dip could still be corrective rather than the start of the next major decline in this bear market. July’s expected seasonal rally played out, hitting resistance near $66,200 now. Historically, July tends to be the strongest month of a bear market