Bitcoin's 200-week moving average (200WMA), a key long-term trend indicator, has surpassed $61,000, as highlighted by Bitcoin pioneer Adam Back. This moving average is significant because it often marks the boundary between bear and bull markets and acts as a strong support level during downturns. Despite Bitcoin's price dropping nearly 42% from its all-time high of $126,198 last October and recent short-term declines to around $72,364, the upward trend of the 200WMA suggests that Bitcoin's long-term momentum remains positive. Analysts are watching $70,000 as a crucial support level while market participants consider the Federal Reserve's cautious stance on interest rate hikes amid persistent inflation.
Zcash (ZEC) experienced the highest forced liquidations in the crypto market over a 12-hour period ending early Sept. 29, with $28.73 million in positions closed. This liquidation volume surpassed that of Ether ($15.58 million) and Bitcoin ($15.08 mi...
Spot Bitcoin ETFs recorded $31.07 million in net inflows on September 28, marking eight consecutive days of positive inflows and bringing total cumulative inflows to $57.58 billion. Blackrock’s IBIT led with $54.84 million in daily inflows, reaching ...
Bitcoin maintained its price above $83,000 despite rising inflation fears, geopolitical tensions, and climbing oil prices, showing resilience amid market uncertainty. Meanwhile, Zcash experienced a sharp 12% drop after a historic rally earlier in Sep...
Bitcoin remained just above $83,100 as rising U.S. Treasury yields and climbing oil prices stoked inflation fears and expectations of another Federal Reserve rate hike. Zcash led major token losses with a 12% drop, while The Graph surged 18%. Analyst...
Several corporate crypto treasuries expanded their digital asset portfolios last week by acquiring significant amounts of Bitcoin, Ether, and Solana. Strategy added 1,666 BTC, showing an unrealized gain of $6.731 billion, while Strive purchased 1,107...
