Bitcoin fell sharply to around $72,000 over the weekend, triggering nearly 120,000 liquidations mostly among leveraged long traders and causing losses of about $190 million. Despite the sell-off and weaker market sentiment, Anthony Scaramucci, founder of SkyBridge Capital, urged investors to remain calm and focus on the long-term value of Bitcoin rather than short-term price swings. He emphasized that owning Bitcoin remains the same asset regardless of price fluctuations and warned against panic selling during bear market conditions. The crypto market continues to face pressure, but Scaramucci advises avoiding excess leverage and ignoring short-term noise.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
