Bitcoin is trading around $62,700, close to Fidelity's power law support zone near $58,000, historically a strong accumulation area. This zone has aligned with major Bitcoin lows in 2015, 2018, and 2022, suggesting potential buying opportunities. However, Fidelity's Jurrien Timmer cautions that without a clear liquidity catalyst, a definitive bottom cannot be called yet. The market may drift sideways along this support for months until external liquidity returns, possibly influenced by upcoming political events like the CLARITY Act. Investors are advised to scale into positions patiently, watching liquidity indicators closely for signs of a sustained recovery.
Bitcoin and Ethereum ETFs have reversed a recent trend of outflows, recording significant net inflows over the past day and week. Bitcoin ETFs gained 1,439 BTC ($89.69M) in one day and 2,763 BTC ($172.17M) over the week, while Ethereum ETFs saw inflo...
Bolivia is exploring the integration of USDT, a dollar-pegged stablecoin, into its national payment system to address a shortage of physical U.S. dollars. This move, still in the preliminary stage, could ease dollar-denominated transactions and cross...
Cryptocurrency markets saw a general decline with Bitcoin falling 2.53% to $62,328 and Ethereum down 2.07% to $1,766.60. Most major altcoins like BNB, XRP, ADA, and UNI also dropped between 1.5% and 4%. However, a few tokens such as AVAX and NEAR exp...
Spot Bitcoin ETFs attracted $197.4 million in net inflows during the week of July 6–10, breaking an eight-week streak of withdrawals that totaled about $8.26 billion. This reversal coincides with Bitcoin trading at around $63,917, below its spring hi...
BitMine Immersion increased its Ethereum treasury to 5.77 million ETH, representing about 4.8% of the circulating supply. Nearly five million ETH are staked, generating rewards while maintaining a large corporate ETH reserve. Chairman Tom Lee highlig...
