Bitcoin is trading near $63,000 after a dip to $59,000, close to its realized price support of $53,600, with demand dropping sharply, especially from spot ETFs. Institutional buying pressure is waning, and investors have realized significant losses recently, signaling caution for a sustainable recovery. Meanwhile, VELVET token surged over 125% in 24 hours, driven by interest in pre-IPO exposure to companies like SpaceX, but faces potential sell-the-news pressure and volatility risks. Crypto futures volumes declined, with mixed signals across tokens, while options markets remain bullish on Bitcoin's near-term outlook.
Bitcoin rose about 1% to near $63,700 on June 12, recovering from a recent dip below $60,000 amid signs of easing U.S.-Iran tensions. The de-escalation reduced fears of rising oil prices and inflation, which had pressured risk assets including crypto...
Bitcoin is trading near $63,000, just 9% above its realized price, indicating limited profit for holders and a market close to a value zone rather than a confirmed recovery. Demand has weakened significantly, especially from ETFs, with total bitcoin ...
Bitcoin's short-term holder MVRV ratio has dropped to 0.75-0.80, a level historically linked to local market bottoms where weaker holders exit. Despite this, a descending MVRV channel since 2024 indicates weakening buying momentum. The aSOPR 7-day av...
Bitcoin rose 1.6% to $63,550 following President Trump's announcement of nearing peace with Iran, easing market fears and boosting cryptocurrencies and equities. SpaceX launched its historic IPO on Nasdaq, raising $75 billion and reaching a $1.78 tri...
Bitcoin is currently testing a crucial support level near its 200-week moving average, a historically significant zone that has supported price in most past cycles. Analysts suggest this level could determine whether Bitcoin recovers or continues a l...
