Bitcoin is stabilizing around $73,500, about 10% below its monthly high, due to a shortage of new buyers rather than increased selling. Despite broader risk assets gaining from easing geopolitical tensions around the Strait of Hormuz, Bitcoin's weakness appears crypto-specific. Long-term Bitcoin holders have reached a record supply, but this reflects inactivity rather than fresh buying. Additionally, Bitcoin ETFs have seen a record nine consecutive days of outflows, signaling cooling demand that may limit Bitcoin's ability to rise above $78,000 in the near term.
Bitcoin's price fell to $72,000 this week due to widespread selling across spot, futures, and ETF markets, primarily driven by institutional investors. Retail traders quickly responded by buying at this dip, opening new long positions and creating so...
Bitcoin dropped to its lowest level since early April after failing to break above $83,000, signaling a potential bear market with a pattern of lower highs since October. Despite this, US stock futures for the S&P 500 and Nasdaq 100 rose, nearing rec...
Hyperliquid's native token HYPE gained over 11% in the past day, outperforming major cryptocurrencies such as Bitcoin, Ethereum, Solana, and XRP, which showed minimal gains. Despite a general decline in derivatives trading volume for top cryptos, HYP...
Cryptocurrency prices steadied following reports that the US and Iran are close to extending their ceasefire by 60 days and reopening shipping routes through the Strait of Hormuz, easing geopolitical tensions and oil prices. Bitcoin held above $73,00...
Crypto analyst Michaël van de Poppe highlights that the US-Iran conflict is currently limiting Bitcoin and altcoin rallies. He expects a deal between the US and Iran soon, which could trigger strong crypto gains over the summer. However, he warns tha...
