As bitcoin BTC$109,709.90 continues a now multi-week consolidation just below its all-time high of $112,000, an interesting accumulation phenomenon is occurring. Both short-term and long-term holders have been increasing their stacks as distinct cohorts, which is unusual because these groups typically act in opposite directions, according to Glassnode data. The chart below from Glassnode illustrates
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. XRP’s price rose to a high of $2.83 during the early U.S. hours Wednesday, hitting levels last seen on May 23, according to data CoinDesk data, The move happened as the Guppy multiple moving average indicator, flashed a bullish signal.
Rich Ross, head of technical analysis at Evercore ISI, said in his assessment on the Making Money program broadcast on the FOX Business channel that Bitcoin is preparing for a big leap. Ross stated that the cryptocurrency markets are going through a strong consolidation process and argued that according to technical indicators, Bitcoin could rise
Cryptocurrency analysis firm Alphractal has evaluated the current market cycle for Bitcoin (BTC). According to the firm’s analysis, the Recurring Fractal Cycle metric has accurately predicted BTC’s peaks and troughs to the day since 2015. According to the analysis, the current cycle peak has not yet occurred when looking at this metric. Alphractal maintains that
Bitcoin’s (BTC) ability to mount a parabolic rally may be fading based on its technical indicators, according to a trading expert. In this line, analysis by TradingShot suggests that another major rally could be limited by Bitcoin’s position within a well-defined long-term uptrend that has yet to produce the kind of rallies seen in the
Swedish health tech firm H100 Group has raised over $54 million via share and convertible debenture issues to accelerate its Bitcoin accumulation strategy. H100 Group AB, a Swedish health technology company focusing on longevity and AI-driven health services, has successfully closed two key funding rounds, raising around SEK 516 million (~$54M). The capital raise was
BTC traders often track the DXY metric because of the correlation between the dollar’s dominance and Bitcoin’s pump and dump cycles. Right now, the DXY has sunk to a historically weak level, trading 6.5 points below its 200-day moving average, marking the largest deviation in the past 21 years. Meanwhile, U.S. debt has also reached
Story Highlights Corporations Drive Bitcoin Demand Surge: With over 858,000 BTC held by public firms, a supply shock may trigger a major shift in global finance. Hyperbitcoinization in Sight: As companies adopt BTC as a treasury reserve, crypto analysts warn this could mark the decline of fiat dominance. Could corporations trigger the end of fiat
Robinhood’s latest product pitch — tokenized versions of private company stocks like OpenAI and SpaceX — is already drawing heat. While the trading app claims these tokens let retail users “get exposure” to pre-IPO giants, it turns out they do not represent any actual equity. According to Ripple CTO David Schwartz, if things go sideways,
Story Highlights Cryptoquant analyst Axel Adler Jr’s data suggests Bitcoin could break its last record within seven days. Past cycles prove Bitcoin can set fresh highs quickly when big pullbacks do not happen. Weakening U.S. dollar index adds support, boosting Bitcoin’s chance to cross all-time high. It’s been nearly two months since Bitcoin last tried