BlackRock clients reportedly sold $177.95 million worth of Bitcoin, adding fresh uncertainty to the market’s institutional outlook. The reported sale arrived as Bitcoin continued trading near a critical support region rather than near cycle highs. Such activity raised questions about whether large investors had started reducing risk after months of volatile price action. Although one
Bitcoin ($BTC) has survived multiple bull and bear market cycles since it began trading, and each time the market collapsed, a new rally eventually followed. That recurring four-year cyclical pattern has given many investors deep confidence that history will repeat itself. However, after studying the same past cycle patterns, market expert CryptoCon has reached a
The market is once again stuck in the classic fight between fear and greed. Presently, Bitcoin sits at the center of that battle. Technically, $BTC has lost its mid-April support around $73k, with the price already down 4.78% this week and the latest sell-off pushing the wick as low as $72k. What’s more important is
Texas has moved closer to holding Bitcoin directly after naming a new advisory committee to guide the state’s Strategic Bitcoin Reserve. The Texas Comptroller’s office said Thursday that Acting Comptroller Kelly Hancock will serve on the five-member Texas Strategic Bitcoin Reserve Advisory Committee, which will advise the state on custody, valuation, and management of Bitcoin
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Stablecoins are settling trillions of dollars a year on crypto rails. But inside regulated U.S. payments infrastructure, they are still a single-digit slice of volume. David Simon, president of Reliant, joined TheStreet Roundtable to give a clear picture of what that adoption curve looks like from inside a compliant operator. Reliant is a third-party payment
In today’s context, the Bitcoin price today shows an intraday rebound near 73,850, but the daily picture remains under pressure, with Bitcoin below the moving averages and fragile momentum. $BTC/USDT — daily chart with candles, EMA20/EMA50 and volumes. MARKET THESIS Dominant force: light distribution on the daily, with accumulation attempts only on lower timeframes. The
The current situation of the Bitcoin price is potentially interesting. In reality this is a complex situation, whose outcome is far from certain, but one of the possible outcomes turns out to be particularly interesting. Today there are some positive data in this regard, although we will have to wait for something more substantial to
Bitcoin has dropped into a key support zone in the low $70,000 range. The area sits between two major Fibonacci levels measured from the cycle low to the cycle high and has a long history of acting as both resistance and support. Right now it is the last meaningful floor before things get more serious.