Bitcoin has experienced a sharp market correction, falling nearly 17% in a week and dropping below $60,000, erasing about $200 billion in value. Experts argue this decline is due to a major shift of investment capital into artificial intelligence (AI) ventures rather than a loss of confidence in Bitcoin itself. Significant outflows from Bitcoin ETFs coincide with booming AI-related tech stocks and upcoming IPOs in AI companies. While some analysts note other pressures like inflation and macroeconomic factors, Bitcoin supporters see the dip as a buying opportunity, expecting long-term growth amid growing institutional adoption and clearer regulations. However, a quick recovery is uncertain if AI enthusiasm fades or markets turn risk-averse.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
