Bitcoin recovered above $76,000 amid rising geopolitical tensions involving Iran, showing resilience despite a shaky macroeconomic backdrop. Meanwhile, the decentralized finance (DeFi) sector suffered a major blow from a $292 million hack on KelpDAO, causing a $14 billion drop in total value locked to a one-year low. The hack triggered widespread withdrawals and contagion fears across DeFi lending protocols, especially impacting Aave. Market demand for bitcoin remains strong, supported by steady ETF inflows and concentration in large-cap tokens, but the future depends on geopolitical developments and further risk in DeFi.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
