Bitcoin has recently experienced heightened volatility by setting a fresh all-time high. However, the price has quickly reversed, indicating a bull trap, increasing the likelihood of a sideways consolidation within the $116K-$124K range. Technical Analysis By ShayanMarkets The Daily Chart On the daily timeframe, Bitcoin buyers successfully pushed the asset above its previous all-time high,
Orbler is excited to announce its groundbreaking collaboration with Veltrixa AI to revolutionize the landscape of digital finance. Through this partnership, Orbler aims to introduce an all-in-one platform to integrate AI-powered trading into blockchain-powered financial services and gamified reward systems. This partnership strives to empower novice traders and seasoned investors, providing them with innovative tools.
Key Takeaways Trump-backed American Bitcoin is eyeing acquisitions in Japan and Hong Kong to grow its Bitcoin reserves. The company plans to go public via a reverse merger and aims to build the largest and most efficient Bitcoin accumulation platform. American Bitcoin, a Bitcoin mining entity backed by Eric Trump and Donald Trump Jr., is
Block CEO and Bitcoin evangelist Jack Dorsey has restated his long-standing view that BTC should fulfill its original vision. That is, for the flagship asset to be used as a peer-to-peer (P2P) electronic cash system as envisioned in Satoshi Nakamoto’s whitepaper. Jack Dorsey pushes for peer-to-peer Bitcoin adoption In a post on X, Dorsey emphasized
SharpLink Gaming’s shares plummeted Friday as the online gambling marketer disclosed disappointing earnings for the second financial quarter. The Ethereum treasury’s shares are trading at $20.04, down nearly 15% in intraday trading. SharpLink reported $103 million in net losses for the three-month period ending on June 30—a stark contrast to its nearly $12 million net
U.S. stocks opened largely positive on Friday, with the Dow Jones Industrial Average rising 250 points and the S&P 500 adding 0.3% as Wall Street targets a winning week. Summary Stocks traded higher on Friday as S&P 500 and Dow Jones Industrial Average rose. Risk assets soared after latest retails sales data. While stocks slipped
Markets are still recovering from Thursday’s bombshell commercial inflation data, but institutional interest in bitcoin is still alive and well. BTC Flat, Yet Institutional Investors Remain Bullish Bitcoin dipped below $117K on Friday, as markets floundered in the wake of Thursday’s higher-than-expected wholesale inflation data from the U.S. Bureau of Labor Statistics (BLS). But the
Peter Brandt recently cosigned a new Bitcoin (BTC) cycle chart that, in his opinion, shows the most likely scenarios as to where BTC could be headed next. The chart lines up all four major Bitcoin cycles since 2011, marking the time from bear market lows to peaks and from halving events to peaks. The first
Bitcoin ($BTC) is making waves in terms of Short-Term Holder Spent Output Profit Ratio (STH SOPR). As per the data from Axel Adler Jr., the Short-Term Holder Spent Output Profit Ratio (STH SOPR) of Bitcoin has reportedly jumped to 1.04 while its price is hovering around $119K, indicating a bullish outlook. In this respect, the
Bitcoin, the first and largest cryptocurrency by market cap, reached a record high of $124,533 on Thursday before retreating as the market fell, owing to profit taking and macroeconomic concerns. In the last 24 hours, $342 million have been liquidated across various digital assets, as the crypto market extended its drop early Friday. As the