Bitcoin recently reached around $82,500, approaching a key resistance level at $82,000. Traders see breaking and closing above this level with strong volume as crucial before targeting $88,000 next. While the market shows strength with ongoing Bitcoin ETF inflows, the overall structure remains bearish, and a confirmed bull market is not yet established. Support levels to watch are $78,500 and $76,000; a drop below these could push Bitcoin back toward $71,000. The outlook for September is cautiously positive, pending confirmation of strength above $82,000.
Cryptocurrency markets display mixed price changes, with Bitcoin falling 0.71% to $79,164 and Ethereum slightly up by 0.15%. Other coins like DOT and PUMP saw significant gains of 14.26% and 14.62% respectively, indicating selective investor interest...
Zcash (ZEC) has surged 2,389% over the past year, reaching prices above $1,200 for the first time since 2016. This sharp rally has put significant pressure on major short sellers, including a trader holding a $47 million short position that faces liq...
Bitcoin's price stabilized around $79,600 to $80,100 after a recent surge, supported by strong institutional demand with spot Bitcoin ETFs attracting up to $987 million in weekly inflows. Corporate Bitcoin purchases continued despite market volatilit...
Cryptocurrency markets experienced varied price changes with Bitcoin falling 1.1% to $78,831 and Ethereum down 0.34% to $2,471. Other coins like DOT and PUMP saw significant gains of 12.71% and 7.55% respectively, indicating selective investor intere...
Leveraged hedge funds trading on the Chicago Mercantile Exchange (CME) have shifted from a long-standing net short position to a net long stance on bitcoin futures. This change marks a rare and significant move toward bullish exposure on bitcoin, sug...
