Bitcoin failed to sustain its breakout above the $66,000 resistance and 200-week EMA, confirming a false breakout and reinforcing a bearish outlook. The price is now trading between $66,000 and $60,000, with $60,000 as a key support level. If $60,000 fails, the market could drop to the $58,000 liquidity zone or even lower towards $45,000–$50,000. Investors are advised to use a Dollar-Cost Averaging strategy below $65,000 to build positions gradually rather than trying to time the exact bottom, preparing for the next bullish cycle while managing risk in a still bearish macro environment.
The memecoin sector led gains last week with a 16% average return, second only to Layer 2 tokens. Bitcoin's 10% rise helped boost altcoin sentiment. SPX6900, a memecoin parody of the S&P500, soared 60% over the week, with Open Interest jumping nearly...
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading above $80,000, reflecting a 2.05% increase. Solana leads notable gains with a 9.26% rise, while other coins like Ethereum and XRP show moderate increases. These fluctuations highlight...
Cryptocurrency markets display varied price changes, with Bitcoin trading above $80,000, up 1.69%, and Ethereum steady near $2,500. Solana leads gains with an increase of nearly 11%, while VeChain also shows strong growth at over 15%. These movements...
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
