Bitcoin reached a new August high of $65,420 as traders anticipate upcoming US inflation data, including the Consumer Price Index and Producer Price Index reports. Large Bitcoin holders are accumulating more BTC, while smaller investors are selling, indicating varied risk strategies. Despite price gains and whale buying, spot market trading volume remains low, which could limit sustained price increases. The inflation data later this week will likely determine if Bitcoin can break through resistance at $65,800 and continue its upward momentum or if the rally will stall.
Uber reported robust Q2 results, with Gross Bookings rising 24% year-over-year and free cash flow exceeding $10 billion over the trailing twelve months. The company has shown resilience against geopolitical and oil price shocks, countering concerns a...
Monero's price briefly surpassed $400, rising nearly 30% since late June, driven partly by a large whale's $36 million long position. Despite this, technical indicators and recent price action suggest the rally may be a pullback rather than a sustain...
Arthur Hayes predicts that the Federal Reserve's plan to help Japan defend the yen by using the FIMA Repo Facility will increase dollar liquidity, which could drive up Bitcoin prices. Japan would use its US Treasury holdings to borrow dollars, conver...
Berkshire Hathaway reported Q2 operating earnings and EPS well above expectations, driven by strong performance in manufacturing, service, and retail segments. Growth was supported by acquisitions and high demand in industrial and aerospace markets. ...
XRP is attracting significant whale accumulation, with 380 million XRP bought near the $1 level, supported by a neutral RSI around 50, unlike other overbought altcoins. Institutional interest is growing, highlighted by Aviva Investors tokenizing a fu...
