Bitcoin's 50-week moving average is about to cross below its 100-week average, a bearish signal known as a "bear cross." Historically, this signal has marked the bottom of bear markets and preceded multi-year rallies. Despite the apparent bearishness, this indicator suggests the recent bitcoin price drop may be near its end, with limited further downside expected. However, external economic factors and market conditions will still influence bitcoin's next moves, so investors should remain cautious.
Bitcoin fell to around $62,840, down 1.1% in 24 hours and 3.5% over the week, dragged down by a global selloff in technology stocks and semiconductor shares. Major altcoins like Ether, XRP, Solana, and Dogecoin also declined, while Tron was a rare ga...
USDC experienced a significant net outflow of $336 million as investors rotated stablecoin liquidity into USDG and Tron (TRX), indicating a shift within the stablecoin market rather than a broad crypto sell-off. Bitcoin and Ethereum flows remained ba...
Over $30 million rotated out of stablecoins USDT and USDC into major cryptocurrencies, with Bitcoin Cash (BCH) receiving the largest inflow of about $7.71 million. Ethereum and Bitcoin followed with $4.51 million and $4.28 million respectively. This ...
Bitcoin is testing the $60,000 level as concerns rise over the yen carry trade, similar to the market turmoil seen in August 2024. The USD/JPY exchange rate is approaching levels that previously led to a major unwind of leveraged trades, forcing inve...
SpaceX's market value dropped by over $600 billion, about 23%, in three days following its announcement of a $20 billion bond sale to fund AI expansion linked to its xAI acquisition. This sharp decline, nearly half of bitcoin's $1.3 trillion market c...
