Bitcoin is struggling below $62,000 as selling pressure and fear continue to define the market environment. The uncertainty is real — but top analyst Woominkyu has published an on-chain analysis that reveals what was actually happening during the most intense phase of the decline. And the picture it paints looks considerably different from the panic
Market analysts have cautioned that Bitcoin and gold may face further headwinds this year following a 4.2% annual increase in the US Consumer Price Index (CPI) in May, according to figures released on Wednesday. The surge in the consumer price index, a broad gauge of goods and services costs across the US economy, deflated hopes
Bitcoin treasury companies are piling on debt at record rates to fund their $BTC buying, Capriole Investments founder Charles Edwards warned, reviving a year-old call that the model rests on unsustainable “fake yield.” Key Takeaways: Charles Edwards says bitcoin treasuries are “levering up at record rates” on debt-fueled growth. He likens the two hundred bitcoin
SpaceX’s record-breaking IPO is vacuuming up billions of dollars from eager investors, leaving crypto traders to watch for the capital rotation that often follows Musk-driven market frenzies. The phenomenon is not new: when Elon Musk’s ventures capture the public imagination, risk capital tends to chase the narrative, and digital assets can quickly fall out of
Bitcoin price started a fresh decline below the $62,500 zone. $BTC is showing bearish signs and might continue to move down if it dips below $61,200. Bitcoin failed to stay above $63,200 and extended losses. The price is trading below $62,500 and the 100 hourly simple moving average. There is a bearish trend line forming
In an innovative move to widen network interoperability and boost user utility in the digital asset launchpad sector, Astrox Finance, a livestream token launch platform, today announced a strategic partnership with Collably Network, a Web3 collaboration platform. This alliance enabled Astrox to integrate Collably Network’s collaboration ecosystem that connects Web3 projects with their potential customers
COZ awarded 525 $NEO to three independent contributors in Proof of Working 2.6, recognizing work on multi-chain AI agent tooling, trustless token vesting infrastructure, and wallet interoperability improvements for the Neo ecosystem. The sixth round since the program’s relaunch in January brings cumulative distributions to 4,189 $NEO across the period, with the program designed to
NeoLine Chrome extension wallet v5.9.1 now supports secret recovery phrase imports for both Neo N3 and Neo X, alongside new Korean language support. The update expands wallet recovery options and accessibility for users across the two chains. Secret recovery phrases, also known as seed phrases, are a standard method for backing up and restoring cryptocurrency
Luke Gromen says Bitcoin’s failure to break decisively higher may reflect more than weak spot demand, arguing that paper instruments can temporarily absorb buying pressure in the same way derivatives have shaped the gold market for years. Speaking with Nathalie Brunell in a June 6 interview, the macro analyst said he has not materially rebuilt
As Bitcoin ($BTC) hovers near its lowest levels since late 2024, a market observer suggests the flagship crypto may not have finished bottoming yet, with more downside potentially ahead. $BTC’s Historical Data Points To Longer Correction On Wednesday, analyst Rekt Capital compared Bitcoin’s current price action to its performance in previous cycles to determine how