Despite topping $111,000 in May, Bitcoin has struggled to sustain higher levels in recent weeks. The slowdown could be due to long-term investors taking profits, according to Tom Lee, director of research at Fundstrat Global Advisors. “We have clients who bought Bitcoin at $100. Even if Bitcoin goes to $1 million, they’ll probably sell at
In the dynamic world of digital assets, every move by a significant player sends ripples across the market. The recent announcement that UK-based Web3 investment firm Coinsilium has purchased an additional 14.9 BTC, bringing its total holdings to a remarkable 88.63 BTC, is more than just a transaction. It’s a strategic declaration of confidence in
A popular crypto analyst says that Bitcoin’s (BTC) current bull market cycle may reach an end if one key event occurs. In a new YouTube video, Benjamin Cowen tells his 904,000 subscribers that a Bitcoin price dip below the 50-week simple moving average (SMA) on the weekly timeframe may mark the end of the bull
Investment firm Calamos has unveiled a new investment strategy aimed at limiting Bitcoin’s downside potential. Bitcoin (BTC) is becoming increasingly attractive to institutions, but many still view it as too risky. In response, on June 7, global investment firm Calamos introduced its “protected Bitcoin” strategy, designed to limit both the downside and the upside of
The Global Money Supply has just hit a rare yearly growth rate of 9%. Here’s what followed for Bitcoin the last few times this signal appeared. Global Money Supply Is Currently Sharply Going Up In a new post on X, Capriole Investments founder Charles Edwards has talked about the latest trend in the Global Money
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Fund manager Jeff Dyment of Saphira Group wants you to zoom
Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal Reserve (Fed) will keep interest rates unchanged at its upcoming July 30 meeting. However, some indicators suggest that the market may be entering overheating territory. Bitcoin Market Entering Overheating Territory? According to a recent CryptoQuant
Bitcoin (BTC) continued to trade between $100,000 and $110,500 for a second consecutive week as smaller investors replaced whales on the buy side, Bitfinex Alpha reported on July 7. The report noted that BTC spent most of July so far within a 10% channel, capped by the January high of $109,590 and floored near the