Bitcoin and Ether prices fell sharply, hitting cycle lows near $58,000 and $1,507 respectively, as the Nasdaq experienced its largest daily drop in months at 5%. Bitwise highlighted that Bitcoin often reacts ahead of traditional equities due to its 24/7 trading, acting as an early indicator of broader market risk shifts. This pullback coincides with stronger US labor data that raised expectations for prolonged higher interest rates, keeping the US 10-year Treasury yield near 4.53%. Despite the crypto retracement, global liquidity (M2) continues to expand, and stablecoin reserves remain elevated, suggesting potential for renewed crypto price gains if liquidity conditions improve.
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...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
