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.
Veteran trader Peter Brandt is thinking about selling some of his Bitcoin holdings to invest in gold, based on a technical breakout in the gold-to-Bitcoin (XAU/BTC) ratio chart. This ratio measures how much Bitcoin one ounce of gold can buy, and Bran...
XRP and Bitcoin prices rallied this week, with Bitcoin briefly topping $63,000 and XRP gaining nearly 10%, driven by softer US jobs data easing inflation concerns and boosting risk appetite. The progress of the CLARITY Act, which aims to clarify cryp...
Autheo has introduced a new decentralized Internet Operating System designed to support AI agents and coordinate blockchain transactions. This system aims to enhance the efficiency and interoperability of AI-driven processes and blockchain activities...
Legendary trader Peter Brandt is considering selling part of his Bitcoin holdings to invest in gold, predicting that gold will soon outperform Bitcoin. He points to technical patterns suggesting a reversal in the Bitcoin-to-gold ratio, with gold gain...
Crypto markets ended last week bearish, with Bitcoin down 14% and Ethereum 26.6% in Q2. Spot Bitcoin ETFs experienced $4.51 billion in outflows in June, the worst since their 2024 launch, reflecting weak investor confidence. Despite this, Bitcoin bri...
