Bitcoin recently failed to surpass its 200-day moving average near $83,300 and dropped back below $81,000, raising concerns of a repeat of the March 2022 false breakout that led to a sharp selloff. The broader crypto market showed weakness, with the CoinDesk Smart Contract Platform Index falling over 2% as traders reduced exposure to Ethereum and similar tokens. Analysts suggest Bitcoin's next move depends on spot demand, exchange supply, and derivatives market health, with potential to reach $85,000 if conditions improve. However, technical indicators like the RSI warn of possible corrections, making the market outlook cautiously optimistic but uncertain.
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. ...
