Bitcoin is trading near $66,300, showing price stability despite a decline in market buying power. On-chain data reveals stablecoins have been leaving crypto exchanges for 35 consecutive days, reducing liquidity needed to support Bitcoin demand. Additionally, Bitcoin accumulation is weak, with limited coins moving to long-term storage, signaling cautious investor behavior. Without renewed stablecoin inflows and stronger accumulation, Bitcoin's rally may lack momentum going forward.
Bitcoin recovered from an early dip around $63,750 to surpass $66,000, hitting a monthly high. This rebound helped the total cryptocurrency market capitalization increase by about $70 billion in a single day. The rise also led to widespread gains acr...
Bitcoin has rebounded about 15% from early July lows, climbing above $66,600 for the first time in over a month. Analysts from Bitfinex identify $68,000 as a crucial resistance level where many recent buyers might sell, potentially stalling the rally...
Russia's State Duma has passed a law recognizing major cryptocurrencies like Bitcoin, Ethereum, and XRP as legal property, allowing their use in commercial and cross-border transactions. Retail investors face an annual purchase cap of 300,000 rubles ...
Ethereum has surpassed the 10% threshold of total crypto market capitalization, marking its strongest weekly gain among the top cryptocurrencies with nearly a 9% increase. This surge outperformed Bitcoin and other major assets, driven by significant ...
Bitcoin shows signs of potential volatility as realized profits near $65k and spot demand weakens, raising risks of a sharp price drop. Despite this, whales have accumulated over 66,000 BTC during recent price dips, signaling strong conviction and a ...
