Bitcoin's price dropped sharply to a low of $61,073, trading around $62,860 and down 14% over the past week. Institutional investors with Bitcoin treasuries, such as Strategy and Metaplanet, are facing significant unrealized losses, with Strategy alone down $10.9 billion due to BTC holdings bought at an average of $75.7K. The total value of Bitcoin held by these firms has declined by $48 billion from its 2025 peak. Additionally, U.S. investors continue to sell, as indicated by a negative Coinbase Premium Index and mostly negative BTC Spot ETF inflows, signaling strong bearish sentiment. This ongoing institutional selling pressure risks extending Bitcoin's period of weakness.
Bitcoin traded near $64,500 as trading volume declined and market sentiment remained cautious despite stable on-chain activity and exchange outflows. The Crypto Fear & Greed Index stayed at 'extreme fear,' indicating low investor confidence. While tr...
Bitcoin's price slightly fell to $64,164, reflecting broader market caution as equity indices and financial indicators like the US 10-year yield and DXY suggest tighter conditions. Meanwhile, Ethereum gained 2.09% to $1,908, showing selective investo...
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
