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
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
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
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 According to new on-chain metrics from analytics platform Santiment, investors returned 84% of the previously withdrawn coins to liquid exchange wallets during the first three weeks of August, coinciding with the asset’s price consolidating tightly and consistently at
Could this week be the worst crypto liquidation of the cycle? From a technical perspective, it’s easy to see why longs could be at deeper risk. Despite some relief from the geopolitical tensions, the market is barely responding. According to SoSoValue, the U.S. investors seem to have turned their back on digital assets as ETFs
Bitcoin price rose nearly 2% to reclaim $64,000 on Aug. 17, but weak daily momentum and unusually compressed volatility leave the next major move uncertain. Bitcoin price returns above $64,000 According to data from crypto.news, Bitcoin ($BTC) price traded near $64,154 at press time after gaining about 2% during the daily session. The recovery followed
Bitcoin ETFs Reverse Prior Week’s Rally With $389.7M Outflow The rush into crypto ETFs cooled quickly. After bitcoin funds posted their strongest week since April, investors spent much of the following five sessions trimming exposure. The selling was broad, persistent and concentrated in some of the market’s largest products. By Friday’s close, bitcoin ETFs had
The Bitcoin Obituary List Bitcoin obituaries, better known as Bitcoin death lists, archive public statements, headlines, articles, tweets, and predictions declaring bitcoin dead, dying, finished, worthless, or inevitably headed to zero. These independently tracked lists preserve every notable death call from journalists, economists, bankers, politicians, and bitcoin’s most notorious critics. Since 2010, bitcoiners have kept