Bitcoin has declined from a recent high above $82,000 to trade near $74,000, approaching oversold conditions as indicated by its Relative Strength Index (RSI) dropping to around 38. The cryptocurrency is trading below its 50-day, 100-day, and 200-day moving averages, signaling weakening market strength and a bearish shift after breaking a key ascending trendline. The $72,000-$74,000 range acts as a critical support zone, where buyers have so far prevented further decline. If this support holds, Bitcoin could attempt a short-term recovery toward the 50-day moving average near $76,000 and possibly higher. Trading volume remains subdued, suggesting cautious investor sentiment. The next few trading sessions will be crucial to determine if Bitcoin can rebound or continue its downward trend.
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
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'...
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
