Grayscale's recent report suggests Bitcoin is currently undervalued based on on-chain data, though it hasn't reached the deep discount levels seen in past crashes like after the FTX collapse. Their composite valuation indicator, which combines unrealized profits, price relative to long-term benchmarks, and coin-days destroyed, shows Bitcoin's price below its long-term average. Despite the recent dip below $60,000, Grayscale believes this bear market may be shallower due to factors like a muted bull market and improved market structure. Key upcoming factors that could influence Bitcoin's price include regulatory developments around the CLARITY Act and the ability of leveraged holders to manage their positions to avoid forced liquidations.
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...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
