Bitcoin is consolidating near $70,000, showing relative strength compared to the weakening S&P 500. Analysts highlight the importance of Bitcoin holding the $58,000–$60,000 support zone to avoid a sharp drop to $40,000, while a weekly close above $71,000 could signal renewed bullish momentum. Meanwhile, altcoins like Solana have broken key support levels and risk steep declines, and Ethereum is stable but lacks strong upward momentum. The market trend favors projects with real utility over speculative assets, with some coins like Zcash and TRON showing resilience amid the downturn.
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...
