Bitcoin surged past $80,000 with a 2.6% gain, driven by strong institutional inflows totaling $153.87 million into US spot Bitcoin ETFs for the fifth consecutive week. The rally coincided with ongoing US-Iran diplomatic talks and geopolitical developments, including the US's "Project Freedom" to escort ships through the Strait of Hormuz. Technical analysts highlight key resistance zones at $86–88K and $92–94K, while some traders remain cautious about potential liquidity traps. Market watchers are also focused on upcoming US jobless claims data and continued ETF flows as key factors for Bitcoin's near-term direction.
Despite Bitcoin's recent 10% recovery, analyst Ali Martinez warns the next bull market is not imminent. He points to the Cumulative Value Days Destroyed (CVDD) metric, which last marked a market bottom when Bitcoin hit around $48,000. Martinez sugges...
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 ...
