A sharp sell-off in the cryptocurrency market caused over $700 million in liquidations, with Bitcoin falling below $62,000 and wiping out recent gains. Long positions accounted for 80% of the losses, hitting Bitcoin and Ethereum hardest with combined liquidations of $369 million. Analysts warn that Bitcoin is forming bearish patterns and could drop to $50,000, cautioning traders against mistaking short-term rallies for trend reversals. The market remains vulnerable as institutional selling pressures persist and Bitcoin struggles to close above key resistance levels.
Bitcoin surged past the $65,000 resistance level to reach a multi-month high near $79,500 before settling around $77,300, positioning it for the best week of August so far. This rally wiped out $709 million in short bets and pushed Bitcoin's market c...
Bitcoin surged about 23% over the past week to around $77,535, driven by spot buying, strong U.S. spot Bitcoin ETF inflows exceeding $1.1 billion, and limited new leverage, which suggests a more sustainable rally than a typical short squeeze. Bitfine...
Bitcoin Cash surged 29.41% to $288.53 in a single day, the largest gain among major cryptocurrencies during the recent rally. This spike was driven not by any Bitcoin Cash-specific news but by a broader market risk-on sentiment triggered by a US Trea...
Cryptocurrency markets display varied performance with Bitcoin priced at $77,255, up 7.2%. Significant gains are seen in altcoins such as Bitcoin Cash (BCH) rising 30.3% and Zcash (ZEC) up 16.2%. Other notable increases include XRP, ADA, and AAVE, re...
Bitcoin surged about 24% over the past week to around $76,844, driven by short liquidations and recovering inflows into U.S. spot Bitcoin ETFs. Standard Chartered's analyst Geoff Kendrick suggests that the current rally could push Bitcoin closer to i...
