Bitcoin is trading around $77,250 and must break above $79,000 to target the next resistance zone between $86,000 and $88,000. Analysts are divided as Bitcoin maintains an uptrend despite increased short-term selling pressure from over 10,000 BTC moved to exchanges last week. While the price gained 2% in the past day, it remains slightly down over the week. A clean break above $79,000 would confirm stronger momentum, supported by rising moving averages, though volume has yet to signal a major breakout. Support levels are near $73,000 to $74,000, with deeper support at $65,000 and $60,000. Seasonal trends for May show no clear bearish pattern, keeping the outlook cautiously optimistic.
Cryptocurrency markets saw a general decline with major coins like Bitcoin and Ethereum dropping by about 1.2% and 1.1% respectively. Bitcoin traded near $61,883 while Ethereum hovered around $1,748. Other altcoins also experienced losses, reflecting...
U.S. spot Bitcoin ETFs experienced $526.64 million in net outflows from June 29 to July 2, marking eight straight weeks of withdrawals as institutional investors reduce exposure amid market uncertainty. Despite this, Bitcoin remains above the $60K su...
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
XRP's Binance Scarcity Index reached its highest level since 2024 as whales moved coins to non-custodial wallets, tightening supply and supporting price near $1.14. A BitGo whale transferred 114.9 billion Shiba Inu (SHIB) tokens to a new cold wallet,...
Cryptocurrency prices showed a general downward trend, with Bitcoin trading near $61,955, down 1.12%, and Ethereum at $1,747.46, down 0.88%. Other major coins like Binance Coin and Cardano also saw declines, while a few tokens experienced minor gains...
