Amid the latest Bitcoin price struggles, a prominent market analyst has warned of a steeper decline if rejection hits at the $120,000 psychological mark. Technical analyst CasiTrades, who has over a decade of market experience, outlined a setup that could determine whether Bitcoin continues its correction or breaks into new highs. Bitcoin Completes Wave 1
Bitget has launched the first real-world asset index, introducing perpetual contracts tied to Nvidia, Tesla, and Circle. Summary Bitget has introduced a real-world assets index perpetuals for major U.S. listed stocks. The contracts for Tesla, Nvidia and Circle will offer up to 10x leverage and trade 5×24. Bitget said in an announcement on Aug. 20
The Base blockchain overtook Tron to become the fifth-largest blockchain in TVL, clocking in at over $6.6B. A spokesperson representing the Morpho DeFi protocol said the Layer 2 blockchain did great at promoting borrowing and lending protocols. The spokesperson added that the Morpho-Coinbase integration allowed users to borrow stablecoins against their BTC holdings. The DeFi
After public backlash over GPT-5’s rollout, OpenAI CEO Sam Altman admitted the company “screwed up,” and said the fallout is already shaping the next version of ChatGPT. At a private dinner with reporters in San Francisco, first reported by The Verge, Altman admitted that GPT-5’s launch upset many of ChatGPT’s hundreds of millions of users.
Delphi Digital reported in its report that the US Treasury Department will begin refilling the General Account (TGA) in the coming weeks and in the process will withdraw $500-600 billion in cash from the market in about two months. The research firm explained that although this step may seem like a routine transaction for the
Bitcoin (BTC) is trading at $112,851, down 5.98% on the weekly chart. The move marks its lowest point in three weeks and extends a sharp reversal from the all-time high of $124,457 set on August 14, leaving the cryptocurrency down 9.3% from last week’s peak. BTC has broken below its 1D 50-day moving average (MA)
Nasdaq opened lower on Wednesday as stocks looked to steady after tech stocks led a rout that had major gauges slipping ahead of Federal Reserve meeting minutes and a key economic event this week. Summary Nasdaq Composite opened lower on Wednesday, with the tech heavy index shedding 0.5% in early trades. Stocks were showing weakness
Major cryptocurrency exchange Coinbase has recently sent out a tweet that has caught interest in the crypto community. The timing of the tweet coincides with a broader market drop, with Bitcoin trading below $114,000 after falling as low as $112,555 early Wednesday. In a tweet, Coinbase wrote “1 BTC =1 BTC” with the crypto community