Bitcoin is trading around $76,808, about $4,900 below the $81,700 level needed to confirm a new bull market according to CryptoQuant. Large Bitcoin holders (whales) have been selling into the recent two-week rally, while retail investors bought on leverage. US institutional investors remain absent, indicated by a negative Coinbase Premium, suggesting limited support from American funds. Resistance lies between $77,100 and $80,200, with significant selling from long-term holders in this range. If Bitcoin breaks out above $81,700, it could signal a new bull market, but current selling pressure and lack of institutional buying pose challenges.
Bitcoin increased by 1.87% to $82,071 by 9 a.m. ET on October 16, while the overall crypto market capitalization slightly declined by 0.89% to $2.78 trillion. Despite the mixed market, all six major cryptocurrencies gained value in the past 24 hours,...
Raoul Pal, CEO of Real Vision, argues that Ethereum is significantly undervalued because it underpins 70-76% of stablecoins, DeFi, and many real-world asset transactions on-chain. He estimates that an Ethereum outage could erase $1 trillion to $1.5 t...
Celestia (TIA) surged 30.32% to $0.696, topping the crypto gainers among the 90 largest cryptocurrencies by market cap. Other notable gainers include Injective (27.40%), LayerZero (22.16%), Ether.fi (16.28%), and NEAR Protocol (15.64%). Meanwhile, Bi...
Bitcoin's mining difficulty increased by 5.92% to 140.58 trillion, marking its highest level since March 2026 and the third-largest hike this year. This rise reflects more computing power joining the network, pushing the hashrate above 1 zettahash pe...
On October 16, XRP recorded the highest funding rate among five major cryptocurrencies, with an annualized rate of 8.9%, indicating strong demand for long positions. Dogecoin experienced the largest 24-hour increase in open interest, rising 8.49% to ...
