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.
Ethereum's price is trading just above $2,000 after a steep decline from $2,500, raising concerns about a potential crash below this key level or a bullish reversal. This weakness is part of a broader crypto market pullback, with Bitcoin, Ripple, and...
Bitcoin is trading just above the $75,000 support level after failing to break $78,000, staying below the $76,000 mark that would signal a new bull market according to analyst Tom Lee. Ether also faces resistance near $2,150 and is retreating toward ...
Over the past 12 months, Bitcoin has underperformed the S&P 500 by roughly 56%, declining 30.35% while the S&P 500 rose nearly 27%. Despite renewed optimism for cryptocurrencies and bullish price targets from major financial institutions predicting B...
Bitcoin's market value has dropped to 13th place globally, falling about 11% this year and nearly 30% over the past year. Meanwhile, precious metals like gold and silver have surged, with gold reaching a record $5,600 per ounce earlier this year. Sem...
On May 26, US spot Bitcoin ETFs experienced a significant outflow of $334 million, equivalent to about 4,400 BTC, continuing a trend of heavy redemptions in mid-to-late May. Ethereum spot ETFs also faced a $35 million net outflow, marking over 10 con...
