This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. The key story Tuesday morning centers around BTC/USD — representing bitcoin’s dollar-denominated price — and the Binance-listed dogecoin-bitcoin (DOGE/BTC) pair, both racing to secure bullish inverse head and shoulders breakouts on their hourly charts. A confirmed breakout in bitcoin could set
Cryptocurrency analysis platform Greeks.live has shared a cautious assessment of Bitcoin’s short-term outlook. Many investors believe Bitcoin could break the $110,000 support level again, a scenario that could also lead to additional weakness in Ethereum (ETH), according to a briefing prepared for the Chinese community by Adam, the firm’s macroeconomics researcher. The market outlook is
Jack Ma-backed Ant Group’s enterprise arm has reportedly connected over $8.4 billion worth of Chinese energy infrastructure to its blockchain platform, with experts saying early adoption will likely remain institutional rather than draw in retail investors. Ant Digital Technologies has been monitoring power output and potential outages from wind turbines and solar panels across China,
Weak US employment data, new tariffs, the war in Europe and the Middle East, and the political crisis in France have increased global uncertainties this week. While gold is climbing to record highs, Bitcoin maintains its high correlation with the tech-heavy Nasdaq 100 index. Cryptocurrency research firm Ecoinometrics, in its assessment of X, said, “Bitcoin’s
U.S. money market funds currently hold over $7 trillion, which some analysts believe could soon be rotated into various asset classes, including cryptocurrencies, potentially fueling the next leg higher in bitcoin BTC$112,005.21 and the alternative cryptocurrencies (altcoins). A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, such
Cathie Wood’s ARK Invest bought more shares in Tom Lee’s Ether treasury firm BitMine as the crypto treasury hit a milestone in Ether holdings. ARK Invest purchased 101,950 shares worth around $4.4 million in BitMine Immersion Technologies (BMNR) on Monday, spread across three funds: The Ark Innovation ETF, which now holds a 2.6% allocation to
Metaplanet and Convano, two companies leading Japan’s Bitcoin treasury strategies, announced additional purchases on Monday. Metaplanet executed ten acquisitions over the past ten weeks, totaling 7,791 BTC. The activity highlights how Japanese corporations diversify balance sheets to guard against yen weakness and persistent monetary policy uncertainty. Metaplanet: Ten Purchases in Ten Weeks Metaplanet Inc., a
Bitcoin price is struggling to recover above $112,500. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a recovery wave above the $110,800 zone. The price is trading above $111,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support
Key Takeaways Upbit, a leading South Korean crypto exchange, plans to launch an Ethereum Layer 2 network. The new Layer 2 will use the OP Stack framework, based on Optimism’s open-source technology. \Upbit announced plans to launch an Ethereum Layer 2 network using OP Stack technology, according to documentation released today. The South Korean crypto