VanEck reports that eight of its 12 Bitcoin capitulation indicators were active as of August 12, signaling late cycle stress in the market. Despite a 49% drop from Bitcoin's October peak, institutional demand via U.S. spot Bitcoin ETPs remains strong, absorbing $663 million in inflows. Long-term holders reduced their supply by 356,534 BTC, but 11.84 million BTC remain untouched for over a year, suggesting mixed signals on accumulation. VanEck anticipates a potential market turning point between September and November but cautions that historical patterns are not guaranteed forecasts, and the current cycle may see a shallower bear market than before.
Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.21% to $75,462 and Ethereum dropping 6.05% to $2,393.88. Other notable coins like XRP and SOL also saw steep losses, exceeding 6%. This broad sell-off reflects incr...
The U.S. Senate failed to advance the Digital Asset Market CLARITY Act, a key crypto market structure bill, dealing a setback to the industry. Despite this, Ripple CEO Brad Garlinghouse expressed confidence that cryptocurrency will continue to progre...
The U.S. Senate narrowly failed to advance the CLARITY Act in a 49-50 procedural vote, causing Bitcoin, XRP, and Shiba Inu to plunge. The bill aimed to provide comprehensive cryptocurrency market regulations but fell short of the 60 votes needed to p...
Bitcoin briefly fell below $75,000 on September 15 due to fears of a Federal Reserve rate hike but quickly recovered above $76,000. This sharp move liquidated over $98 million in leveraged long positions as US 10-year Treasury yields rose above 5%, a...
Leading cryptocurrencies such as Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling nearly 4% and Ethereum over 5%. Other major coins like XRP and Solana also saw notable drops, indicating a broad market sell-off. This ...
