Bitcoin and Ethereum saw small price increases, with Bitcoin up 0.82% to $66,710 and Ethereum rising 1.58% to $2,019. However, trading volumes in DeFi, stablecoins, and derivatives markets fell sharply by over 25%, signaling cautious market sentiment and potential consolidation. Despite this, altcoins like XRP, BNB, and Solana held steady, and overall market capitalization remained strong at around $2.31 trillion. This suggests investors are selectively rotating back to major tokens while reducing leveraged and speculative trading, possibly leading to lower volatility and liquidity in the short term.
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...
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...
