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
Bloomberg Intelligence senior ETF analyst Eric Balchunas said on Aug. 2 that the Coldcard security failure strengthens the case for U.S. spot Bitcoin ETFs, especially for investors who want long-term price exposure without managing private keys. His comments followed Galaxy Research’s estimate that three suspected attack waves drained 1,367.05 $BTC, worth about $88.6 million, from
Bitcoin, ether and other majors slipped on Monday even as macro conditions improved on fresh talk of a US-Iran deal, with the market still jolted by a Coldcard wallet exploit that has shown no sign of containment. $BTC dropped from a Sunday high of $63,600 to $62,800 on Monday, down 1% on the day and
Trump Media’s discretionary bitcoin position is effectively gone. Wallets attributed to the Truth Social parent moved 2,628 bitcoin, worth about $165 million, to Crypto.com in two transactions Saturday, per Arkham data. That leaves roughly 4,261 bitcoin in the tagged addresses, about $268 million with bitcoin near $63,000. Trump Media’s first-quarter filing put 4,260.73 bitcoin under
If you’ve been tracking crypto markets, you’ve likely seen analysts flag bitcoin’s $BTC$62,756.07 200-week moving average (200W MA) as a key inflection line where the broader trend can turn decisively higher. This line represents bitcoin’s average closing price over roughly four years. Strategy is now tracking the same indicator, along with bitcoin’s premium (or discount)
Leading cryptocurrencies edged higher on Sunday as investors weighed President Donald Trump’s remarks about a potential Iran peace agreement. Crypto Market Consolidates Bitcoin wobbled within a range of $62,890 to $63,700, with trading volume surging 19% over the 24-hour period. Ethereum also remained stuck within $1,800, while XRP and Dogecoin traded in the green. Nearly
Whale Alert reported two major Bitcoin transfers from Kraken totaling 2,957 Bitcoin [$BTC], worth approximately $186.6 million, into unknown wallets. The first transaction moved 1,800 $BTC valued at $113.56 million, while the second transferred 1,157 $BTC worth $73.06 million. Such withdrawals historically reflected coins leaving exchange custody, reducing immediately available trading supply instead of preparing
After posting a 7.36% ROI in July, Bitcoin [$BTC] appears to be on track for a bullish August. Backing this view, the Crypto Fear & Greed Index continues to hover in the “Fear” zone, a level that has historically marked strong accumulation opportunities. But the broader market is telling a different story. Instead of a
Bitcoin ($BTC) may be entering another difficult August after a technical sell signal emerged just as the cryptocurrency enters a month that has historically produced weak returns. The latest warning comes from the TD Sequential indicator, which flashed a sell signal on Bitcoin’s three-day chart, according to insights shared by market analyst Ali Martinez in
While weekend news feeds remain quiet, an important scenario is unfolding on the charts at the start of August as Bitcoin is attempting to form a reversal, but Ethereum is technically one step ahead. Right now, $BTC is hovering near $63,382, carefully drawing the right shoulder of a classic inverse head-and-shoulders pattern. Behind it lies