While the efforts to establish a Bitcoin (BTC) reserve in the US are not as vocal as they were in the early days, they continue. At this point, the latest news comes from Florida, one of the most populous states in the US. According to reports, Florida state legislators have introduced a bill aimed at
Spot XRP ETFs, launched in November, have so far followed a different path than Bitcoin and Ethereum ETFs. Since its launch, the market has consistently recorded net inflows with zero outflows. However, this has changed, and US XRP spot ETFs have seen net outflows for the first time since their launch. According to SoSoValue data,
The new year enthusiasm has all but vanished as Bitcoin continued its sustained downtrend, undoing most of the year-to-date gains noted in the first week. Bitcoin is down 2.4% over 24 hours, and is trading at $89,881, according to CoinGecko data. The total crypto market capitalization, which hit $3.305 trillion yesterday, is down 2.6%. As
Bitcoin has absorbed a sharp sell-off and stabilized at key support, signaling that buyers are firmly in control. With the market holding its structure, insights from Quantum Models suggest that Wave (3) is underway, pointing toward a near-term target around $104,000. Q-Structure Confluence Holds Firm, Keeping The Bullish Bias Alive Elliott Chart, in a recent
Bitcoin price retreated to the important support level at $90,000 on Thursday, erasing most of the gains made in the initial days of the year. It has retreated by over 4% and continues to underperform other popular assets like gold and the stock market. Still, analysts are optimistic that the coin has more upside this
Bitcoin price started a downside correction from $94,500. BTC is now struggling and might dip toward the key support at $89,000. Bitcoin started a downside correction and traded below the $92,000 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at
The Bitcoin price consolidation reveals the formation of a bearish continuation pattern called inverted flag, signaling the risk of prolonged correction ahead. Bitcoin transfer volume on the blockchain has shown a consistent drop since the beginning of 2023. BTC price drops below the 50-day exponential moving average, reinforcing the bearish narrative in the market. The
Bitcoin’s price sits at $89,764 on Thursday morning with a market cap of $1.79 trillion and a 24-hour trading volume that just grazed $47.55 billion. The coin strutted through a price corridor of $89,774 to $92,125 in the last day, testing traders’ patience and perhaps their caffeine tolerance. Bitcoin Chart Outlook On the daily chart,
A major Bitcoin whale has exited a sizable leveraged position as BTC price slid back toward the $90,000 mark. According to blockchain analytics firm Lookonchain, a whale wallet identified as 0xFB78 closed all of its Bitcoin long positions. In total, the trader exited 3,846 BTC, worth approximately $350.4 million, locking in losses of more than
Crypto Market Faces Pressure from Multiple Fronts After a strong weekly rally, the crypto market faced renewed selling pressure over the past 24 hours. Bitcoin led the move lower as several overlapping factors weighed on sentiment, including large liquidations, regulatory uncertainty in the US, institutional developments, and growing macroeconomic caution. Rather than a single catalyst,