Bitcoin's realized profit and loss ratio has dropped to -0.35, the lowest in 43 months, a level historically linked to major market bottoms. This metric, indicating net realized losses, last fell to this level during significant downturns in 2015, 2019, and December 2022, each followed by recoveries. Concurrently, U.S. spot Bitcoin ETFs saw $221.7 million inflows, ending a 10-day outflow streak, as softer U.S. economic data improved market sentiment. Analysts note reduced leverage in the market and suggest Bitcoin may be nearing the final phase of its correction, with a potential bull market starting in the fall driven more by institutional investors than retail traders.
The crypto market faces ongoing pressure as U.S. Treasury yields climb, with the 10-year yield expected to reach 5%, signaling economic instability. Analyst Benjamin Cowen warns this could prompt the Federal Reserve to raise interest rates, making bo...
Cryptocurrency markets showed mixed performance with Bitcoin and Ethereum prices slightly declining while several major altcoins like XRP, BNB, Solana, and Dogecoin posted gains. The total market capitalization remained steady around $2.16 trillion, ...
Bitcoin's price fell sharply toward $62,000 from above $65,000, wiping billions off its market value and triggering a broad sell-off across major altcoins like Ethereum, XRP, and Solana. The total crypto market cap dropped to about $2.22 trillion, wi...
Bitcoin's price dropped sharply by nearly $3,000 on July 31, falling to $62,236 and wiping $40 billion off its market cap. This decline led the total crypto market cap to fall from $2.33 trillion to $2.22 trillion, with most altcoins also losing valu...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading above $63,000, reflecting a 0.72% increase. Ethereum and Binance Coin also show modest gains, while some altcoins like Cardano (ADA) and Algorand (ALGO) experience significant rises o...
