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.
In the latest 24-hour crypto market update, Bitway (BTW) experienced the steepest drop, falling 20.65% to $1.18, continuing its downward trend from the previous day. Conversely, Stacks (STX) led gains with an 8.50% rise to $0.301. Other notable mover...
Bitcoin is currently testing the average break-even price of short-term holders, showing resilience despite a recent hot-wallet attack on Binance. Analyst Axel Adler Jr. noted that the market's response to this incident has been relatively muted comp...
Bitcoin fell below its daily lower Bollinger Band at $77,617, trading around $77,326 and down 1.33% over 24 hours. Technical indicators like stochastic readings below 20 suggest weak momentum, though they do not confirm a trend reversal. The relative...
After Binance's security incident on October 29, Bitcoin, Ether, and XRP prices dropped, with crypto analyst Ali Martinez identifying support levels at $73,000 for Bitcoin, $2,000 for Ether, and $1 for XRP. Binance estimated the incident's impact at ...
Bitway's price fell sharply by 19.26% to $1.18, marking the biggest 24-hour decline among the 90 largest cryptocurrencies excluding stablecoins. Other notable moves include LayerZero gaining 8.83% and TRON dropping 6.09%. Bitcoin and Ether showed min...
