Bitcoin slid to multi-week lows this week, dragged lower by record exchange-traded fund (ETF) redemptions and a broad pullback from risk assets. The price settled near $73,500 on Friday, down roughly 4% from where it opened the week above $77,000. To get a sense of where $BTC might finish the year, Bitcoin News queried several
Bitcoin’s volatility or price swings have eased and it is now closing in on gold. In the past, most criticism from investment advisors against $BTC as a hedge or an alternative to gold has been that it’s too volatile to be included in clients’ portfolios. The tightening gap in volatility, according to Bloomberg ETF analyst
Galaxy Digital Founder and CEO Michael Novogratz offered striking macroeconomic analysis of the future of Bitcoin and cryptocurrency markets in a recent financial broadcast. While artificial intelligence (AI) and global technology stocks are attracting all the hot money and attention in the market with their parabolic rises, Novogratz stated that Bitcoin is in a temporary
FOGNET, a multi-functional blockchain ecosystem for Web3, has partnered with SELF, a privacy-centered AI network. The partnership denotes a key development in advancing security-focused decentralized technology in the Web3 landscape. As FOGNET mentioned in its official social media announcement, the move merges its blockchain framework with the cutting-edge AI-led privacy solutions of SELF. Hence, the
A trending on-chain whale, Evaded, has made some strange moves that have left the market watchers confused. In fresh moves, it liquidated his short positions in Bitcoin and Ethereum and went straight long on Microsoft and Oracle. It is going bullish on these stocks with $31.5 million long bets. The whale has been a major
In a recent tweet, Bitcoin pioneer and Blockstream CEO Adam Back noted that Bitcoin’s 200-Week Moving Average had surpassed $61,000. The 200-Week Moving Average remains significant as it provides a tool that captures the baseline momentum of a classic 4-year Bitcoin cycle. Bitcoin’s 200-week moving average (200WMA), which is a long-term trendline, is often seen
Bitcoin briefly recovered the $74,000 zone on May 29, absorbing a geopolitical signal that oil futures, ETF desks, and US equity traders won’t fully process until Monday. President Donald Trump said he would make a “final determination” on an Iran deal that would require the Strait of Hormuz to reopen for unrestricted traffic, with mines
Bitcoin ETF outflows exceeded $4.01 billion since the 7th of May, highlighting a sharp shift in institutional sentiment as demand weakened. Historically, strong ETF inflows accompanied optimistic market conditions, while extended outflow periods reflected declining investor confidence. This trend emerged as Bitcoin continued trading below major resistance levels and struggled to attract fresh institutional demand.
Nexo’s market-value-to-realized-value ratio has held steady at 1.16, even as Bitcoin prices lurched in recent sessions. The on-chain update from CryptoQuant suggests that large holders on the crypto lending platform are not rushing to liquidate positions. The figure, known as MVRV, compares the current market capitalization of all Bitcoin held on Nexo against the total
Bitcoin is trying to turn a short term bounce into recovery after a five wave decline shifted pressure to the downside. A break above $74,250 could open the path toward $76,150, but the bigger resistance zone remains $77,486 to $80,501. Bitcoin Price Completes Five Wave Decline as $BTC Faces $77K to $80K Resistance Bitcoin has