Bitcoin has slipped beneath several important support levels after setting a new all-time high earlier this month. Given the current market setup, the short-term outlook points toward a higher chance of further downside. By Shayan The Daily Chart On the daily timeframe, the market has been steadily moving lower, breaking beneath the major descending channel,
Bitcoin’s been dragging through the summer while Ethereum left it in the dust. In August, Bitcoin dropped 7%, even as ETH ran up 17%. Over the last two months, Bitcoin has only moved by less than 1% up, while Ethereum surged by 74%. That underperformance hit Bitcoin’s market dominance, which sank over 5% in a
The cryptocurrency market witnessed a decline in sentiment last week with Bitcoin dipping below $110,000 after a prolonged period. While the decline last week was due to macroeconomic developments, numerous altcoin events and economic developments in the new week may affect the cryptocurrency market. Here is the cryptocurrency calendar we have prepared for you as
Bitcoin’s latest rally is spilling over into the luxury holiday market. The Financial Times (FT) reported earlier today that private jet firms, cruise lines and boutique hotels are increasingly accepting crypto payments. Flexjet-owned FXAIR, for instance, now takes tokens for transatlantic trips costing about $80,000, while cruise operator Virgin Voyages sells annual passes worth $120,000.
MicroStrategy (now Strategy) CEO Michael Saylor has once again pointed toward additional Bitcoin purchases, reinforcing the company’s aggressive treasury strategy. On August 31, Saylor posted a chart from the independent “Saylor Tracker” platform, which maps Strategy’s Bitcoin holdings over time. Saylor Hints at New Bitcoin Purchase The image showed clusters of orange dots representing the
Venture capital (VC) firms have become much more selective with the crypto projects they invest in, representing a shift from the previous cycle due to market maturation, according to Eva Oberholzer, the chief investment officer at VC firm Ajna Capital. “It’s harder because we have reached a different stage in crypto, similar to every cycle
Bitcoin holds a tight 24-hour range between $108,221 and $109,453 on Sunday, Aug. 31, 2025, while derivatives positioning stays elevated across futures and options markets. Derivatives Depth Continues to Swell Futures remain thick. Aggregate bitcoin futures open interest on major venues hovers in the mid-$80 billion area, according to coinglass.com, near the upper end of
One of the biggest stories emerging from the Far East this month is the imminent launch of a blockchain-based version of the Japanese yen, one of the world’s major fiat currencies. The timing for this development couldn’t be better, as the Bank of Japan (BOJ) is widely expected to raise interest rates soon, a move