Bitcoin has broken above $78,100 for the first time since mid-January, signaling a strong rally. However, profit-taking has spiked to levels that historically mark local tops, with the $80,000 price point acting as a significant resistance due to short-term holders' average acquisition cost. The recent price surge is mainly driven by demand in the perpetual futures market, while spot demand remains weak, raising the risk of a correction if profit-taking continues. Additionally, negative funding rates suggest a crowded short position that could fuel further upside if spot demand improves, but mechanical resistance around $79,000 to $80,000 may limit gains in the near term.
Bitcoin surged 4.37% following a cooler-than-expected CPI report, which reduced market fears of a rate hike and boosted risk appetite. This shift is supported by rising long positions and strong on-chain fundamentals, including increased wallet holde...
Morgan Stanley's Denny Galindo highlights that Solana (SOL) has historically been a better diversifier in crypto portfolios than Ether (ETH), despite SOL's higher volatility. Bitcoin remains a low-correlation asset with traditional markets, but addin...
Bitmine Immersion Technologies Inc. reported $45.7 million in revenue from Ethereum staking in Q3 2026, marking a major shift from bitcoin mining to digital asset management. The company now holds 5.4 million ether valued at $10.85 billion, making it...
Abraxas Capital moved 618 BTC worth about $40 million onto Kraken, likely preparing to sell, while withdrawing 8,153 ETH valued at $15.3 million from Binance and Bybit, signaling a possible shift from Bitcoin to Ethereum. This $55 million transaction...
Bitcoin's price surged above $65,000, reaching a high of $68,560, marking a 29% recovery from its recent low. This rally is driven by $1.2 billion inflows into spot Bitcoin ETFs, reflecting renewed institutional optimism at an average cost basis of $...
