Bitcoin's recent breakout above $80,000 triggered significant profit-taking from both short-term and long-term holders, especially those who accumulated before the ETF launch, locking in gains of 60%-100%. Despite this selling pressure, Bitcoin's price remained stable around $78,500, supported by strong ETF inflows totaling $1.16 billion in May and nearly $2 billion in April, which absorb the selling pressure. The market shows a balanced battle between bulls and bears around the $78k-$81k zone, but the overall structure remains bullish as demand continues to absorb supply, encouraging holders to keep their positions. This setup suggests a potential upward move toward the $87,000–$92,000 range as profit-taking fuels further buying interest rather than panic selling.
Bitcoin surged past $66,000 while Ethereum and Solana also gained, driven by easing geopolitical tensions and renewed risk appetite. Despite about $3 billion in outflows from Bitcoin ETFs, experts say this reflects market maturation rather than decli...
Three major institutions—Galaxy Digital, NYDIG, and Standard Chartered—disagree on whether Bitcoin has hit its bottom, with estimates ranging from not yet to around $59,000. Bitwise CIO Matt Hougan argues the focus should be on their shared view that...
Bitcoin investors have added a net total of approximately 259,000 BTC between the price range of $59,000 and $67,000 over the past 10 days, according to Glassnode data. This buying activity spans all wallet sizes, from small retail holders to large w...
Bitcoin surged past $66,500 following the Bank of Japan's interest rate increase to a 31-year high, boosting crypto market confidence. Altcoins Stellar's XLM, Injective's INJ, and Uniswap's UNI saw gains between 13% and 16%, with UNI benefiting from ...
The Bank of Japan raised interest rates to 1%, the highest level since 1995, marking a significant shift from its ultra-easy monetary policy. This move could strengthen the Japanese Yen and increase borrowing costs, potentially causing a 20-30% decli...
