One major divergence is defining this market cycle right now. Capital rotation into risk assets remains extremely aggressive. Every major U.S. equity just closed the week at fresh all-time highs. The market is effectively brushing off every macro headline in front of it, from the Iran conflict and Strait of Hormuz risks to sticky inflation
Gemini co-founder Cameron Winklevoss has strengthened the case for Bitcoin by pointing to the rapidly rising U.S. national debt as a major reason for investors to consider the digital asset. Key Points Gemini co-founder Cameron Winklevoss stated there are now 39 trillion reasons to buy Bitcoin. The United States national debt has exceeded $39 trillion
Bitcoin trades at $75,860 on May 23, sliding below $76,000 as the US House introduces a bill locking government $BTC for twenty years, ETFs post their sixth straight outflow day, and longs absorb over $350M in liquidations in a single 24-hour window. Bitcoin Daily Chart: Channel Broken, $73,500 Is the Last Floor Bitcoin Daily Price
Bitcoin traded above $82,000 during the previous business week, but it was violently rejected and dropped by over seven grand in the following days to a monthly low of $75,000 marked during the night. Here are some of the possible reasons behind this correction. Trump Media, Cuban Sell Off CryptoPotato reported yesterday that one of
The oldest Bitcoin holders, those who have held for more than 10 years, have begun moving their coins at an unusual rate. As Bitcoin crashes from its May 10 high of $82,000 to the current price of $75,400, data shows that some of the network’s oldest holders have started moving coins at unusually high levels.
Bitcoin’s price troubles seem to have no end currently, as the asset just posted yet another leg down that drove it to a monthly low of just over $74,000. This comes as popular analyst CW claimed that retail investors have been disposing of their assets, while whales have set up buy orders that can absorb
The recent streak of outflows from US-based spot Bitcoin ETFs, totaling more than $1 billion over the past trading week, suggests a potential buying opportunity for the world’s largest cryptocurrency, according to crypto sentiment platform Santiment. “Santiment’s analysts read these flows as a counter-indicator, since ETFs disproportionately reflect retail conviction rather than smart money positioning,”
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Mark Cuban said the story around his Bitcoin (CRYPTO: $BTC) sale was wrong, and he did not dump the asset because of the Iran war. As reported previously on Cryptopolitan, Mark offloaded 80 percent of his Bitcoin when its price dipped along with gold hitting $5,000, with which he claimed that this digital asset was
Two of crypto’s most prominent voices have drawn a line in the sand over Bitcoin’s long-term price trajectory, and the gap between their timelines is sparking serious debate. Adam Back, the Blockstream CEO whose Hashcash proof-of-work system directly influenced Satoshi Nakamoto’s Bitcoin design, has publicly stated he expects $BTC to reach $1.5 million by spring