Bitcoin is trading around $77,000 following a $1 billion outflow last week after a six-week inflow streak. It failed to hold above the 200-day moving average near $82,200, facing rejection multiple times this month. Support remains between $76,000 and $78,000, but a drop below $75,000 could open the way to $70,000-$72,000. Ethereum also fell 10%, underperforming other cryptocurrencies, while institutional investors sold into strength rather than adding exposure. Market pressure is heightened by a hawkish Fed Chair confirmation and strong inflation data, which could keep monetary policy tight and impact risk assets further.
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...
