Bitcoin’s seemingly stable and dull price moves over the past couple of days came to an end hours ago as the asset initiated a notable leg down that drove it to a new multi-week low of well under $76,000. The latest rejection came just hours after Kevin Warsh officially became the seventeenth Chairman of the
A recent TradingView technical outlook suggests Bitcoin remains locked beneath a stubborn upper trendline resistance that continues to suppress bullish momentum. Despite several recovery attempts, $BTC has repeatedly failed to break through the resistance zone, causing speculations that the price could push below $60,000. Bitcoin Trapped Beneath A Heavy Ceiling The TradingView chart highlights how
The Bitcoin community celebrated the 16th anniversary of “Pizza Day” on Friday, marking the first recorded commercial Bitcoin transaction, in which real-world goods were purchased with Bitcoin. In May 2010, software developer Laszlo Hanyecz published an online post offering 10,000 $BTC, which was valued at about $41 at the time, in exchange for two Papa
Crypto analytics platform CryptoQuant has noted a renewed increase in activity in the $XRP futures market. According to data shared by the company, the amount of open interest for $XRP on Binance has risen to approximately $488.3 million, reaching one of the highest levels in the last two months. According to CryptoQuant data, open interest
Institutional crypto activity grabbed market attention again after BlackRock transferred massive digital assets to Coinbase. According to OnchainLens, the asset management giant deposited 1,587 $BTC worth $122.55 million and 17,815 $ETH worth $37.79 million into Coinbase. The move immediately sparked speculation across the crypto market. Traders now wonder whether BlackRock plans further ETF-related adjustments or
For months now the hypothesis has been circulating that the price of Bitcoin could mark new local annual lows in the coming months. This hypothesis has turned out to be incorrect from March onwards, up to today, and apparently several analysts continue to consider it unlikely. However, the discussion becomes more complicated if instead of
Bitcoin is stuck. It has been trading between $76,000 and $82,000 for weeks with no clean breakout in either direction. Most investors are watching the range with frustration. Analyst Michaël van de Poppe said, “That range brings the ultimate opportunity for altcoins to thrive,” van de Poppe said. “That’s what we start to see.” What
Asset management company VanEck has published a new report that provides an in-depth analysis of Bitcoin (BTC). The report states that the recent rise in Bitcoin was driven by spot market purchases rather than leverage, while the mining sector experienced its longest and deepest hashrate decline to date. According to the report, Bitcoin rose approximately
If Bitcoin drops below $73,786, more than $1.29 billion in leveraged long positions could be liquidated across major centralized exchanges, according to derivatives analytics platform Coinglass. Fresh data from Coinglass show that if Bitcoin ($BTC) falls under $73,786, cumulative long liquidation intensity on mainstream centralized exchanges reaches roughly $1.291 billion, highlighting just how crowded leveraged
Bitcoin ($BTC) slipped below $77,000 on Friday after Federal Reserve Governor Christopher Waller signaled openness to future rate hikes. The shift pushed traders to price a quarter-point Fed hike as early as October. The pioneer crypto has fallen roughly 4.5% over the past week as macro conditions deteriorate. Real yields have climbed and the dollar