Bitcoin price is currently holding at the critical $72,754 level after breaking down from a bearish head and shoulders pattern on May 28, which typically signals a 10% decline. Despite the breakdown, selling volume has decreased, allowing buyers to defend this support. Long-term holders have increased their Bitcoin holdings by nearly 6%, and open interest in futures contracts remains low, indicating cautious market sentiment. If Bitcoin closes below $72,754 on an 8-hour chart, it could trigger a drop toward $66,798, but reclaiming levels above $74,783 would be needed to reverse the bearish outlook.
The crypto market is experiencing a liquidity drought with $1.81 trillion in market cap lost and $1.2 billion exiting Binance stablecoins in May, reversing earlier inflows. This signals growing investor caution amid global instability driven by West ...
Bitcoin options open interest fell about 17% last week, signaling reduced leverage among traders. Despite this, bullish sentiment remains strong, with the largest open interest concentrated in a $120,000 call option expiring at year-end. Calls make u...
Leading cryptocurrencies like Bitcoin, Ethereum, XRP, and Dogecoin showed little movement as President Trump expressed no urgency to finalize an Iran deal, keeping market sentiment cautious. Bitcoin fluctuated between $73,300 and $74,300, with analys...
A prominent Ethereum developer attributes Ether's 65% decline against Bitcoin since the 2022 Merge to strategic errors by the Ethereum Foundation, including slow product execution and missed opportunities. Criticisms include Ethereum's focus on envir...
HYPE, the native token of the Hyperliquid decentralized exchange, has overtaken Dogecoin in market capitalization, entering the top 10 cryptocurrencies globally. This shift reflects HYPE's price growth and institutional interest, including the launch...
