Bitcoin is steeply lagging behind equities, and until it begins to regain strength, the current market will remain dominated by stocks, according to Glassnode. Over the past 90 days, Bitcoin has dropped by 20%, four times as much as the S&P 500, which rose by 5% in the same period. Looking further back, the crypto
Santiment data shows that the total number of Bitcoin wallets registered with a minimum balance of 10,000 $BTC has reached 90, the highest level in 6 months, even as the smallest wallets have continued selling. Bitcoin ($BTC) is trading at around $64,322 at the press time. The divergence might provide a hint about the next
Synchronized CME and Treasury observations from Aug. 7 put Bitcoin futures carry above government debt, undercutting a comparison that is circulated across crypto markets. Analyst Marc Baumann put annualized Bitcoin futures basis near 3% and the two-year Treasury yield at 3.8%, saying the crypto spread had trailed the government benchmark for 157 consecutive days. The
During the current summer lull, as Bitcoin’s endless chop within the $60,000–$66,000 range cuts down sellers and buyers in both directions, increasingly unconventional methods and assessments are being used to analyze the current situation. One such approach, based on Bollinger Bands on the quarterly chart by TradingView, has revealed that Bitcoin may have already established
Bitcoin price fell below $64,000 on Aug. 11 as rising oil prices and uncertainty before the U.S. inflation report weakened risk appetite, leaving traders focused on whether the $63,900 support level can prevent a deeper correction. Bitcoin price drops below $64,000 According to data from crypto.news, Bitcoin ($BTC) price traded as low as $63,852 on
Bitcoin traders are watching a razor-thin line right now: the point where short-term holders stop losing money and start breaking even. With the price hovering near $65,200, the question of whether Bitcoin holders breakeven can actually hold this time — rather than fade like it has twice already this year — is shaping how the
Bitcoin trades near $64,000 heading into the most consequential US macro week of August, sitting almost on top of the market’s largest nearby demand concentration. The Aug. 12 inflation report, due less than 48 hours out, will help decide whether that floor holds or gets tested. Glassnode’s latest on-chain map puts that demand shelf at
Bitcoin price slipped below the $64K mark. The bearish crossover is active, and the downtrend accelerates. The largest asset, Bitcoin ($BTC), slipped below the $64K mark and is currently trading at around $63,981. Its daily trading volume has surged by over 50% to $21.78 billion. Moreover, this session ranged between $63,752 and $65,316, with $49.61
Bitcoin price has fallen about 1.8% over the past 24 hours to around $63,950 after another attempt to hold above $65,000 failed, and sellers pushed $BTC back toward its immediate support zone. According to CoinGecko data provided for this report, Bitcoin traded as high as roughly $65,300 during the latest 24-hour period before sliding to